Omicron outbreak is unlikely to save Canadians from interest rate hikes next year

As Canada’s federal government prepares for another encounter with COVID-19, Canadian borrowers must face a second hazard: the prospect of a sharp rise in interest rates in 2022. While the world’s most powerful central banker, Jerome Powell, warned on Wednesday that a new variant capable of smashing through vaccine defences could check the U.S. Federal Reserve’s plans to cut stimulus,Continue reading “Omicron outbreak is unlikely to save Canadians from interest rate hikes next year”

‘Money is running out’: Financial stress drives retirees back to work

After more than a decade in retirement, Gregory Boulware went back to work in 2020. Boulware, 69, was a truck driver for about 30 years, spending long hours on the road, away from his Pennsylvania home and his wife and kids, to make a living and put away some savings. His body started to sufferContinue reading “‘Money is running out’: Financial stress drives retirees back to work”