Millennials have higher household incomes than Gen-Xers

Unfortunately, they also carry considerably more mortgage debt

Millennials have higher household incomes than Gen-XersDo you ever wonder why millennials are the demographic that everyone talks about today? It’s all about the money. Statistics Canada published some interesting data on Thursday showing that millennials had higher incomes and median wealth than young Gen-Xers at the same age, but also considerably more mortgage debt. “The study finds that millennials –…

Cost of housing pushing millennials to the suburbs

TD survey says young Canadians would prefer to live in urban neighbourhoods

Cost of housing pushing millennials to the suburbsA new survey says 81 per cent of Canadian millennials want to own a home but financial realities such as rising prices mean they have to look at the suburbs for affordability. The survey, released on Wednesday by TD, said 33 per cent of millennials say that city living is their preference but 64 per…

Canadian trade deficit narrows slightly

Economists call the latest StatsCan numbers disappointing

Canadian trade deficit narrows slightlyCanada’s merchandise trade deficit with the world has narrowed slightly going from $3.1 billion in January to $2.9 billion in February, according to Statistics Canada. The federal agency reported on Wednesday that following two consecutive monthly increases, total imports declined 1.6 per cent to $50.9 billion in February. Imports were down in eight of 11…

Mortgage stress test takes a bite out of new mortgages

Accounted for an estimated 50 to 60 per cent, or between $13-$15 billion, of the overall decline

Mortgage stress test takes a bite out of new mortgagesThe mortgage stress test, B-20, accounted for an estimated 50 to 60 per cent, or between $13-$15 billion, of the overall decline in mortgage originations (the process by which a borrower applies for a new loan, and a lender processes that application) throughout 2018, according to a new report released Tuesday by CIBC Economics. The…

Small businesses hurting from not being paid on time

71 per cent of Canadian freelancers and micro-businesses struggle to get paid on time

Small businesses hurting from not being paid on timeIt’s an issue that many Canadian entrepreneurs face – getting paid in a timely fashion. Now, a new survey released Monday by Interac Corp., indicates just how big of an issue it has become. The survey said 71 per cent of Canadian side hustlers (freelance or piecework in nature, providing a supplemental income) and micro-businesses…

House prices falling across Canada

Calgary and Edmonton hit hard, according to report from real estate association

House prices falling across CanadaHouse prices are falling across the country, with significant declines in March in the Calgary and Edmonton regions. According to its regular monthly report, the Canadian Real Estate Association said the aggregate MLS benchmark price across Canada of $617,200 was down by 0.47 per cent year over year during the month. The report said the…

Protecting yourself, and your assets, in case of incapacity

Don't underestimate the importance of having a plan in place for when the inevitable happens

Protecting yourself, and your assets, in case of incapacityEvery day, we make financial and health-related decisions and often don’t give these decisions a second thought. But how – and by whom – would these decisions be made if we’re suddenly incapable of making them for ourselves? You can’t underestimate the importance of having a plan in place for when the inevitable happens. And it…

A strong leader understands employee behaviours

Understanding, analyzing and dealing intelligently with employee behaviours is a key to good leadership, increased productivity and higher profit

A strong leader understands employee behavioursAmerican actress Mae West is quoted as saying, "The best way to behave is to misbehave." That may have worked for Mae West, but it won't work on the job. Most companies want behaviour that inspires productivity, performance and, of course, profit. Behaviour can be broken into five categories: 1. Behaviour is observable. An employee…

Sintra, Portugal, is simply magical

Sintra is one of those places where there is so much packed in that you'll say to yourself: "Wow! How come I never knew about this before?"

Sintra, Portugal, is simply magicalSintra, Portugal, is one of those places where there is so much packed in, so many fairy tale castles and brooding fortresses that you'll say to yourself: "Wow! How come I never knew about this before?" From Lisbon, a trip to  Sintra is a simple day trip, although you could easily spend a couple of…

The ABCs of negotiating a job offer

Most new hires zone out when HR staffers explain complicated benefits packages. That's not a good idea

The ABCs of negotiating a job offerMost new hires zone out when HR staffers explain complicated benefits packages. It's not that they're not concentrating on what's being said, it's because the explanation is being delivered in an incomprehensible dialect called "HR-speak." Just because a job offer is doled out in an alien tongue doesn't mean you can't ask for a translation…
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