Christine Lagarde, the International Monetary Fund’s managing director, has warned the global economy would suffer if the U.S. debt ceiling isn’t raised, reports the Financial Times.
Parents are taking on their children’s debt burdens to give them the best shot at a comfortable life—even if that means sacrificing their own financial goals, the CBC reports.
The GOP-controlled House voted Friday to cripple President Barack Obama's health care law as part of a risky ploy that threatens a partial shutdown of the government.
Control of the Libor benchmark may not move from London to Paris, according to a draft EU law, the Financial Times reports.
The majority of Canadians are nowhere near reaching their retirement goals, finds a survey by the Canadian Payroll Association released today.
The third-annual BMO Rainy Day survey finds 68% of Canadians have had to use their emergency savings to pay for unexpected expenses.
The top 1% are hoarding more cash.
Almost two-thirds (60%) of parents with children under 25 have saved less for retirement than they’d planned, finds a CIBC poll. This is because they’ve directed some of their retirement savings towards their child’s education. As a result, 36% will actually delay retirement. And one-third has incurred additional debt. Read: Canadians continue to struggle with […]
Acceptance into university, college or grad school is a major milestone, and your clients’ children should be able to do it without racking up debt.
McDonald’s has teamed up with Visa to create a website illustrating how its workers should budget for a healthy lifestyle.