Category: Financial

Homes source of retirement income for many Canadians

| February 19, 2014 | 0 Comments
Homes source of retirement income for many Canadians

30% expect retirement income to come from government pension plans Canadians are feeling increasingly optimistic when it comes to retirement, but more than a quarter of them expect their home to be their primary source of retirement income. Another 17 per cent said they weren’t quite sure whether their home would be a source of retirement income […]

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Valentine’s Day survey: Why do Canadians divorce?

| February 12, 2014 | 0 Comments
Valentine’s Day survey: Why do Canadians divorce?

Valentine’s Day survey shows both men and women think they’re the boss when it comes to money The top reason Canadian couples divorce? Not infidelity or family but money, according to a new Valentine’s Day survey of how couples handle their finances. According to BMO (TSX: BMO) Fourth Annual Valentine’s Day survey, 68 per cent of those […]

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Canadian consumer debt surges over past year

| February 10, 2014 | 1 Comment
Canadian consumer debt surges over past year

Canadian consumer debt not a problem, as delinquency rate drops Canadian consumer debt is up significantly, but Canadians seem to be handling it well, according to a new report by credit monitoring agency Equifax Canada. Equifax said Monday that its figures show that consumer debt, excluding mortgages, rose to $518.3 billion through the end of November 2013. […]

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Alberta budget 2014 recommendations – CFIB

| January 29, 2014 | 1 Comment
Alberta budget 2014 recommendations – CFIB

Small businesses want less taxes, limits on govt spending in 2014 Alberta budget The next Alberta budget must show that the provincial government has not become complacent about small business issues, says the Canadian Federation of Independent Business. The national small business organization has drafted recommendations for the 2014 budget that it presented to Finance Minister Doug […]

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HSBC closes small business accounts in Canada, U.S.

| December 14, 2013 | 0 Comments
HSBC closes small business accounts in Canada, U.S.

HSBC says it’s not good business to serve small business Small business owners in Canada and the U.S. were dumbfounded after HSBC, based out of the UK and one of the world’s largest banks, announced it will no longer serve small business clients. HSBC is currently closing many small business accounts in Canada following a “a […]

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CPP increases may lead to job losses, say business owners

| December 14, 2013 | 0 Comments
CPP increases may lead to job losses, say business owners

Poll showing CPP increases not popular presented to finance minister A new public opinion poll indicates Canadian businesses are lukewarm to CPP increases, says the Canadian Federation of Independent Businesses, which commissioned the poll. Only 18 per cent of business owners found CPP increases to be reasonable avenues towards boosting retirement savings. 54 per cent would […]

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Student debt delaying life milestones after post-graduate studies – report

| August 7, 2013 | 0 Comments
Student debt delaying life milestones after post-graduate studies – report

Budget planning, saving early can help with student debt Student debt is delaying post-graduate students’ life milestones right after graduation, according to a new study by TD Canada Trust. TD Canada Trust research shows 30 per cent of post-grad students unexpectedly grew their debts while 40 per cent find it hard to pay for their […]

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Wealth management industry facing changing demographics

| July 16, 2013 | 0 Comments
Wealth management industry facing changing demographics

Millennials, women forcing wealth management professionals to change their thinking The wealth management industry is facing a different business landscape, challenged by the emergence of millennial and female wealth holders. Millennials are generally born in the 1980s and 1990s. According to PwC’s 2013 20th Anniversary Global Wealth Management Survey, wealth management professionals are now finding […]

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BC child poverty rate is worst in Canada

| July 8, 2013 | 3 Comments
BC child poverty rate is worst in Canada

Child poverty rate BC rose 10.5 per cent in 2011 Child poverty rates in BC continue to rise, according to figures released by Statistics Canada. The most glaring increase in child poverty was in 2011, when the rate climbed from 10.5 per cent the year before to 11.3 per cent, tying with the province with […]

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Victims of VG Capital fraud awarded almost $1M

| June 26, 2013 | 1 Comment
Victims of VG Capital fraud awarded almost $1M

CFO will distribute funds to victims of VG Capital Group Inc. Victims of fraudulent financial consulting firm VG Capital Group Inc. will finally be getting some of their money back, according to the Ministry of Justice’s BC Securities Commission (BCSC). A total of $928,769 has been recovered and will be distributed to 21 claimants in […]

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