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Young Canadians think retiring at 65 is an outdated concept

Denise Paglinawan · Postmedia News |Updated Apr. 23, 2024 |2 min read Premium content

Canadians’ views on retirement are shifting dramatically as the cost of living rises and longer life expectancies become the norm, with the idea of retiring at age 65 being one of the early casualties. Seventy-four per cent of Canadians between ...

Honda Motor Co's auto plant in Alliston, Ontario. Honda is reportedly close to a major EV deal with the Canadian government.

Canada aims to attract Honda and others with EV tax incentives

Gabriel Friedman |Updated Apr. 22, 2024 |6 min read Premium content

Canada’s electric-vehicle supply chain could sprout some new buds again soon if the incentives offered in the federal budget entice companies such as Honda Motor Co. Ltd. to build plants here. The Liberals are reportedly close to finalizing a ...

The Business Development Bank of Canada.

BDC employees paid over $250 million in bonuses since 2019: documents

Bryan Passifiume · Postmedia News |Updated Apr. 20, 2024 |4 min read Premium content

OTTAWA — Canada’s small business investment bank handed out over $250 million in employee performance bonuses over the past five years. The information was contained within a response to an order paper question filed by Sen. Don Plett. It says the ...

Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland on Parliament Hill in Ottawa on March 28, 2023.

BLAKE DOYLE: Federal budget presents economic degrowth strategies

Blake Doyle · Columnist, Contributed |Updated Apr. 18, 2024 |4 min read Premium content

We have just endured one of the most telegraphed budgets in memory. In an era of TikTok and depleted attention spans even budgets need to be pre-released to garner attention. Unfortunately, the assaults on business from provincial and federal ...

Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland on Parliament Hill in Ottawa on March 28, 2023.

SYLVAIN CHARLEBOIS: The Trudeau paradox of more spending and more hunger

Sylvain Charlebois · Contributed · Postmedia News |Updated Apr. 18, 2024 |4 min read Premium content

There are numerous metrics to gauge a nation’s wealth, and one revealing measure is how much its citizens spend on food relative to their disposable income. The Trudeau government has expressed a commitment to aid the impoverished and disadvantaged.

Subscribe to The Money Lady wherever you enjoy podcasts.

MONEY LADY PODCAST: How to author a wealthier life

Scott Squires · Producer video/audio |Updated Apr. 18, 2024 |1 min read

"Our lagging productivity and stalled GDP growth mean Canadians are becoming collectively poorer and working harder to just remain where they are today," Perrin Beatty, chief executive of the Canadian Chamber of Commerce, said following the release of budget 2024.

Lack of investment is a 'big part' of Canada's productivity slowdown — and it could get worse

Naimul Karim |Updated Apr. 17, 2024 |5 min read Premium content

A lack of innovation and investments in businesses are key reasons why Canada’s labour productivity growth rate has declined in the past two decades, according to a new Statistics Canada study, and business leaders say the capital gains tax hike in ...

Higher gas prices are expected to have bumped up inflation in March.

Inflation likely rose in March, but not enough to change Bank of Canada's direction

Denise Paglinawan · Postmedia News |Updated Apr. 15, 2024 |3 min read Premium content

Canadian inflation likely reaccelerated in March, but not by enough to throw the Bank of Canada off course, economists say. Markets are forecasting that inflation rose to three per cent last month, following a surprise slowdown to 2.8 per cent ...

STORY: Oil prices fell on Monday. Markets dialed back risk premiums following Iran's weekend attack on Israel. One analyst told Reuters that the limited scale of the assault raised hopes that it wouldn't spark major escalation. International benchmark Brent crude fell over 1% to under $90 a barrel by mid morning in Europe. Benchmark U.S. oil futures saw similar declines. Iran's action

Oil prices could breach $100 as Middle East conflict turns much more dangerous, analysts warn

Naimul Karim |Updated Apr. 15, 2024 |3 min read Premium content

After reaching its highest price since October, oil could rise even further and possibly breach the US$100 mark this year if tensions in the Middle East continue to escalate, analysts say. West Texas Intermediate crude was trading for between US$85 ...

The Canadian dollar could sink as low as 70 US cents this year if the Bank of Canada cuts interest rates more than the Fed, say economists.

Canadian dollar could 'crater' if Bank of Canada cuts faster and deeper than the Fed, say economists

Gigi Suhanic |Updated Apr. 15, 2024 |4 min read Premium content

The Canadian dollar could be in for a rough ride if the Bank of Canada cuts interest rates sooner and deeper than the Federal Reserve , a scenario that economists suggest is becoming increasingly likely as the U.S. economy continues to ...

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