Even with no savings or company pensions, Canadians do have a basic safety net once they reach 65. However, those who track senior poverty are concerned not all who qualify actually receive these benefits
TORONTO, Ontario, July 27, 2010 — The U.S. and Canadian economies will see growth slow over the next six months but are unlikely to experience a double-dip recession, finds CIBC’s Recession Probability Index.
The Index, which has a strong track record of forecasting recessions, finds the odds of another U.S. recession occurring in the next six months are very low. The CIBC RPI measures …
If you’re an investor or just an average consumer trying to manage life’s expenses, social media and the Internet provide a wealth of free advice and guidance
OTTAWA, Ontario, July 23, 2010 — For the first two months of the 2010-11 fiscal year (April and May), there was a budgetary deficit of $4.4 billion, compared to a deficit of $7.5 billion reported in the same period last year. Close to $1.8 billion of the $4.4-billion deficit was attributable to actions taken under Canada’s Economic Action Plan. By month, there was a deficit of $2.4 …
Investors got their annual summer pep talk Thursday from Franklin Templeton Investments in Toronto, but I found its poll on emotions hard to believe
OTTAWA, Ontario, July 22, 2010 — The Bank of Canada increased the target for its trend-setting overnight lending rate on July 20, 2010, raising it by a quarter of a percentage point to 0.75 per cent. The increase follows on the heels of an equal interest rate increase in June 2010, when it was raised for the first time since 2007. The Bank rate now stands at one per cent.
In its most …
