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New study shows 73% of lower-income Canadians now ‘financially vulnerable’ or ‘extremely vulnerable’

Source: Prosper Canada, Newswire.ca Nov 14, 2022   TORONTO, Nov. 14, 2022 /CNW/ - A new study conducted by the non-profit Financial Resilience Institute and commissioned by charity Prosper Canada shows that 49 per cent of Canadian households overall are...

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...

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

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%

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

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...