The cost of living for the average Canadians is soaring. With inadequate wages, higher taxes, a lack of prominent positions in the labor market and ubiquity of living paycheck to paycheck, more Canadians are cashing out their Register Retirement Savings Plans (RRSPs) prematurely in … [Read more...]
Canadian Retail Sales Nosedive 2% in December
Canadian consumers were extra cautious this holiday season as retail sales took a dive in the month of December, even with tumbling gasoline prices that provided consumers with a little bit of extra money in their pocket. According to a new report from Statistics Canada, retail … [Read more...]
Canadians Having a Tough Time Reaching Financial Goal
The Canadian economy may be improving, but consumers in the Great White North aren't that confident about their own personal finances, says a new poll released by CIBC on Monday. According to the survey, 65 percent of Canadians ended 2014 feeling confident about reaching their … [Read more...]
Statistics Canada report finds Canadians are richer than ever before
The overall Canadian economy has been in a quandary: it missed out on the significant impacts of the Great Recession, but household debt levels and its housing market have become major concerns for public officials at all three levels of government. According to a new report from … [Read more...]
Canadian inflation rate jumps 2% amid higher energy prices
Canadians will experience a higher cost of living this year as the inflation rate increased to a two-year high of two percent, according to a report released last Friday by Statistics Canada. The federal agency reported the Consumer Price Index (CPI) increased 1.5 percent from the … [Read more...]
Bank of Montreal shuts down bitcoin-related business accounts in Canada
The Bank of Montreal (BMO) has become the first financial institution in Canada to take action against bitcoin (BTC). It was confirmed by Cointrader co-founder and CTO Paul Szczesny in a press release that the bank would be closing down all bitcoin-related business accounts across the … [Read more...]
2014 Canadian federal budget addresses ’emerging risks’ like bitcoin
Canadian Finance Minister Jim Flaherty unveiled the federal budget for 2014 on Tuesday. Although it isn't believed to be a revolutionary or game changing federal budget, the Conservatives revealed plans to tighten rules and regulations in order to combat money laundering and terrorism … [Read more...]
