This Toronto nurse recently graduated with $50K of debt. He works more than 60 hours a week during the pandemic. He’s in a rush to pay off his OSAP loan and move out. Can he do it?

This Toronto nurse recently graduated with $50K of debt. He works more than 60 hours a week during the pandemic. He’s in a rush to pay off his OSAP loan and move out. Can he do it?

Millennial Money is a weekly submission-based series that provides financial advice to millennials in the GTA. Read the full series here. After more than a decade of school, Ali, 28, is $ 50,000 in debt. “It’s a daunting number,” he said. “School was really expensive.” During his studies, Ali took up several part-time jobs and […]

Sick of working from home during COVID? Do it from Barbados, island nation tells pandemic-weary Canadians

Sick of working from home during COVID? Do it from Barbados, island nation tells pandemic-weary Canadians

The government of a Caribbean island has a tantalizing suggestion for quarantine-weary Canadians: Working from home is a lot more palatable when you’re doing it remotely from a tropical paradise. The Island nation of Barbados has launched something it’s calling a Barbados Welcome Stamp, a one-year working visa that gives foreigners the right to live and […]

I did yoga in a plastic pod during a heat wave

I did yoga in a plastic pod during a heat wave

There are pod people among us. They come from across the city and congregate near the lakeshore. Inside the pods, their bodies, lithe and slick with sweat, twist and contort with synchronicity, hived-off from the dangers of the pandemic. Like hamsters inside invisible wheels that go nowhere, they do mountain climbers, jacks, burpees, sweating singularly, […]

Nationals’ Doolittle wary of season during deadly pandemic

Nationals’ Doolittle wary of season during deadly pandemic

Washington Nationals left-hander Sean Doolittle plans to play during the upcoming season but said Sunday he would pull out if he felt the situation is taking a toll on his mental health. Doolittle is taking the wait-and-see approach but the unknowns involving the coronavirus pandemic are weighing on his mind. “I think I’m planning on […]

Targeting inflation during the pandemic

Targeting inflation during the pandemic

Tools The third ingredient are the tools we use to keep demand and supply balanced, and inflation on target. Our main tool is the policy interest rate. When the pandemic hit Canada in March, we lowered the interest rate to 0.25 percent. As businesses reopen, low interest rates will help support spending and borrowing, so […]

Is it realistic to expect people not to hook up during the pandemic?

Is it realistic to expect people not to hook up during the pandemic?

Most of us still have a few unanswered questions regarding the transmission of SARS-CoV-2, the novel coronavirus that causes COVID-19. For example, do we know how long people are infectious after transmission? And just how long do microdroplets hang in the air? How careful should be when unpacking our groceries? And then, of course, there’s […]

Supporting markets during the crisis

Supporting markets during the crisis

Ensuring that credit can flow The financial system works best when people, companies, governments and financial institutions such as banks have cash to operate on a daily basis—what’s known as liquidity. In normal times, there is plenty of liquidity to go around. But in a crisis, everyone wants cash, and few want to trade assets. […]

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