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

by Umar | Mar 9, 2023 | Financial Health, Financial Resilience, Financial Wellness, Uncategorized

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

by Eloise Duncan | Sep 27, 2022 | Financial Health, Financial Resilience, Financial Wellness, Seymour Financial Resilience Index TM, Uncategorized

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

by Eloise Duncan | Sep 16, 2022 | Financial Health, Financial Resilience, Seymour Financial Resilience Index TM

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...

Stress in America. Money, inflation, war pile on to nation stuck in COVID-19 survival mode.

by Eloise Duncan | May 19, 2022 | Financial Health, Financial Resilience, Financial Wellness

Source: The American Psychological Association | Date: May 19, 2022 March 11, 2022, marks the second anniversary of the COVID-19 global pandemic declaration by the World Health Organization. In the two years since that declaration, virtually all aspects of life have...

Canadian Inflation Blows Past Expectations, Spiking to 6.7%

by Bardh Ulaj | May 19, 2022 | Financial Health, Financial Resilience, Financial Wellness

Source: Bloomberg | April 20, 2022   Canadian consumer price inflation shot past expectations in March, jumping to a new three-decade high and cementing expectations the Bank of Canada will continue with aggressive interest rate hikes in coming weeks. Annual...

Financial Resilience Index: A New Tool to Refine Income Support

by Eloise Duncan | Nov 2, 2021 | Financial Health, Financial Resilience, Financial Wellness

Governments were generous and broad in their financial support during the COVID-19 pandemic, but as the economy returns to a normal state – and fiscal positions remain under strain – it is imperative that any future stimulus be targeted. Understanding which groups...