Close to retirement? Don’t panic, say financial experts

Close to retirement? Don’t panic, say financial experts

As Canadians watch the stock markets tumble, many people are panicking, and none more so than retirees and those approaching retirement as they see the value of their nest eggs plummet. “People are freaked,” said Tracey Bissett, CFA, president of Bissett Financial Fitness in Etobicoke. “It’s terrifying for people,” agreed Kelley Keehn, the renowned Canadian […]

2008 financial crisis points to no quick fix for struggling economy

2008 financial crisis points to no quick fix for struggling economy

Pinning hopes for a fast and lasting bounce in markets on massive stimulus from the government? While no two episodes are the same, that’s not what happened during the financial crisis. Expectations were high in October 2008, with Federal Reserve interest rates hurtling toward zero and Congress passing a $ 700 billion (U.S.) bailout package […]

Canada outlines measures to support the economy and the financial sector

Canada outlines measures to support the economy and the financial sector

March 13, 2020 – Ottawa, Ontario – Department of Finance Canada The health and welfare of all Canadians is a priority for the Government of Canada. The Prime Minister, Justin Trudeau, has outlined Canada’s whole-of-government response to COVID-19 across the country, including new investments to respond in Canada and around the world. Today, Minister of Finance […]

Tilray names new chief financial officer and new chief operating officer

Tilray names new chief financial officer and new chief operating officer

NANAIMO, B.C. – Cannabis company Tilray Inc. announced changes to its senior executive ranks including a new chief financial officer. The company named Michael Kruteck as chief financial officer, replacing Mark Castaneda, who will take on a role at focused on strategic business development. Tilray says Kruteck has served in senior financial roles at Molson […]

“There’s no one else to take care of us” — how women can, and should, achieve financial independence

“There’s no one else to take care of us” — how women can, and should, achieve financial independence

Bola Sokunbi, author of “Clever Girl Finance: Ditch Debt, Save Money and Build Real Wealth” (2019, John Wiley & Sons) grew up expecting to attend university, since her father had put her older brothers through school. However, the family’s finances changed during her high school years when her father had to retire early. Luckily, her […]

Retiring soon? There are some big financial changes coming — here’s what you need to know

Retiring soon? There are some big financial changes coming — here’s what you need to know

According to a Statistics Canada study, more than two million Canadians will turn age 65 between now and 2030. From a financial perspective, many of these people don’t know what they’re getting into. A recent survey commissioned by wealth management company Mackenzie Investments found that a large number of people have limited or no knowledge […]

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