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Source: Financialpost February 13, 2025

63-year-old wonders whether she can retire with $100,000 debt

Vanessa may want to wait a couple of years and retire at 65 when she is debt-free, financial adviser suggestsReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made thro...

Source: Financialpost February 13, 2025

Matthew Lau: Minimum wages are even more harmful than we thought

An emerging consensus in economics is that they disproportionately disemploy Black and disabled workers and cause other benefits to be cutAccording to George Mason University economist Alex Tabarrok, there is “an evolving new consensus on the minimum wage.”...

Source: Financialpost February 13, 2025

Posthaste: Five reasons why Canada would not be better off as the 51st state

Canada beats the U.S. on many measures from income inequality to longevity, Scotiabank economist says United States President Donald Trump, while signing another executive order, this time imposing tariffs on steel and aluminum, repeated the idea that Cana...

Source: Financialpost February 13, 2025

Bank of Canada says trade war will hurt Canada more than the United States

Deliberations show looming trade uncertainty contributed to decision to cut interest rateThe Bank of Canada’s governing council members think Canada’s economy will be hurt more by a protracted trade war than that of the United States, according to minutes re...

Source: Financialpost February 12, 2025

Business leaders ask Trudeau to recall Parliament to deal with U.S. trade issues

'Political parties are important, but the country is more important than any one particular party'More than 100 Canadian business leaders have signed a letter to Prime Minister Justin Trudeau asking him to recall Parliament to deal with Canada’s trade issues...

Source: Financialpost February 12, 2025

Canadians and their governments seem to have forgotten that the more you learn, the more you earn

'The No. 1 problem in today’s generation and economy is the lack of financial literacy' Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this pag...

Source: Financialpost February 12, 2025

‘Chaotic moment’: How Trump threw a wrench in the gears of Canadian e-commerce

Move to eliminate ‘de minimis’ exemption for smaller packages sent delivery and logistics companies scrambling for solutionsOn any given day, Canadian-based logistics company GoBolt processes and ships nearly 100,000 items for retailers such as Holt Renfrew...

Source: Financialpost February 12, 2025

Home builders warn of 'brutal blow' to housing sector from steel, aluminum tariffs

Tariffs would lead to higher costs of key construction materialsTORONTO — Some developers say looming U.S. tariffs on Canadian steel and aluminum could be detrimental to the housing sector due to higher costs of key construction materials. We apologize, bu...

Source: Financialpost February 12, 2025

David Rosenberg: The United States is blaming others for the financial mess it created

And five reasons Donald Trump really wants to take over CanadaUnited States President Donald Trump thinks the rest of the world is ripping off the U.S., when the reason for its trade deficits reflects the fact that Americans are spending more of their after-...

Source: Financialpost February 12, 2025

Ford warns of 'devastating' impact on auto industry from Trump tariffs

'A 25 per cent tariff across the Mexico and Canadian border will blow a hole in the U.S. industry that we have never seen'Ford Motor Co. chief executive Jim Farley will travel to Washington on Wednesday to warn members of Congress that the 25 per cent tariff...