Articles

Is Canada Bridging the Financial Inclusion Gap? Here’s What the Latest Data Shows

December 24, 2024 – Canada is making notable progress in financial inclusion with improvements in access to financial inclusion and access-to-financial help gaps closing for Canadians overall between June 2023 and June 2024. However gaps remain, particularly for more financially vulnerable households who continue to face barriers to accessing essential financial help. Financial inclusion is an enabler of improved financial resilience and financial well-being, with new sample data published by the Institute on this topic.

Financial Resilience Gender Gap Narrows in Canada but Barriers Persist

The financial resilience gender gap is closing. New findings from the October 2024 Seymour Financial Resilience Index® reveal the gap has narrowed significantly – with the difference between the mean financial resilience scores of men and women decreasing from 12% in February 2020 to just 4% in October 2024.

Two-thirds of Canadians choose the word ‘saver’ to describe their main money personality

Rob Carrick – Globe and Mail October 24, 2023   If you were to pick a dominant theme in Canadian personal finance, you could do a lot worse than debt. We’re among the world’s leaders in taking on debt to buy houses and other stuff. We might be better at it than...

How much Canadians have fallen behind amid high inflation and who’s hurting the most

Source: Bloomberg February 8, 2023   Inflation has eroded purchasing power for many Canadians, but the experience with rapidly rising prices has been far from uniform. While the inflation rate shows how quickly prices are rising, other factors like income and...

Uh, Mr. Poilievre? Canada Pension Plan premiums are not a tax

Uh, Mr. Poilievre? Canada Pension Plan premiums are not a tax. Source: Rob Carrick, Globe and Mail September 27, 2022   It’s a little insensitive, but necessary, to raise the issue of retirement saving at a time when many households are struggling to pay for...

Trudeau announces billions in cost-of-living relief, says it won’t fuel inflation

Double GST rebate and top up housing benefit for renters Prime Minister Justin Trudeau announced a package of new measures to help Canadians cope with steeply rising prices, as his governing Liberals face increasing political pressure to mitigate the cost-of-living...