Read, Listen & Watch

Like the family birthday party that you reluctantly agreed to, only to be berated by relatives on your plans for the future and relationship status, this Canada Day long weekend we’re taking a look at our nation and asking the hard questions. This year, Canada’s not exactly bragging at the dinner table, with the S&P/TSX having posted a relatively meagre 3.97% return for the first half of 2023, with the economy (real gross domestic product) growing 0.8% in the first quarter.

At the time of writing on May 31, the U.S. government is getting closer to finalizing an agreement to prevent a default on its debt ahead of a June 1 deadline. However, this does not mean everything is back to normal for investors, as the usual back-and-forth of negotiations comes at a time where the Federal Reserve is intent on punishing debt with high rates.

Over the past year, the mortgage industry has witnessed a puzzling trend: surging mortgage rates have not resulted in significant forced selling, as one might expect. A deeper look into Canada’s banking practices reveals a possible reason for this phenomenon.

Many individuals approaching retirement wonder if there is an optimal age to begin taking their Canada Pension Plan retirement pension benefits (CPP). The question often arises because CPP is calculated based upon the age at which an individual starts to receive monthly payments.