4 new learnings on the intergenerational wealth transfer

[By Mike Banham, Advisor.ca] We have been tracking the behaviours associated with estate planning in Canada for more than a decade and have recently published updated research on intergenerational wealth transfers. Over time, we have seen behaviours evolve as the economic environment has changed. This year is no different. There is a fundamental shift emerging … Read more

The seven money myths that stand in the way of a good financial plan

A hand holding a compass

[By Jennifer Cook, for Financial Independence Hub] As Canadians face year-end decisions on investments, taxes, and RRSPs, we at Co-operators have identified common gaps in financial preparedness stemming from the spread of money myths. There are many myths that can derail planning, but I’d like to talk about the top seven and offer a remedy in … Read more

What economists are saying about Bank of Canada’s steep rate increase

Photo of the exterior of a large bank

[By Bianca Bharti, Financial Post] The Bank of Canada delivered a steep hike of the overnight interest rate on July 13 as it wrestles to get decades-high inflation under control. Governor Tiff Macklem and his deputies raised the policy rate by a full percentage point, bringing the interest rate up from 1.5 per cent to … Read more

Canadians suffer layoffs, pay cuts, tax hikes – MPs get pay raises

[By Linda Leatherdale, The Toronto Sun] What a cruel joke to play on cash-strapped, pandemic-weary Canadians. Effective April Fool’s Day, our elected officials in Ottawa are giving themselves fat-cat pay raises. Calculations by the Canadian Taxpayers Federation show Prime Minister Justin Trudeau, who earns a whopping $365,200 a year, will get an extra $6,400. Backbenchers, … Read more