Finance

From festivals in Florida to touring Dracula’s digs in Romania, we round up the best destinations to visit this October. As summer abandons Europe again this October, eke out the last of the rays and raves in Ibiza, where nightclubs will be going out with a bang for the winter break. When the party finally stops head to the island’s north.

William Watson: Private health care is OK, but we don’t like to pay

The Montreal Economic Institute has just published the results of a Nov. 22-25 web survey of 1,527 Canadians on the subject of health care that it had Léger Marketing do. Léger weighted the data according to gender, age, region, mother tongue, education and presence of children in the household to be representative of Canada’s population…

carmichael-poloz

Last month, Bank of Canada Governor Stephen Poloz gave a speech at the Federal Reserve Bank of San Francisco. He was introduced by Sylvain Leduc, whom Poloz hired as a deputy governor in 2016 but then lost to the Federal Reserve System in 2018.“I can’t think of a better person to have led the Bank…

Canada just had its worst month for job losses in a decade — So...

Canada’s jobs market suffered its single-worst month since 2009, shedding 71,200 jobs in November, according to Statistics Canada. The Financial Post dug into the numbers and asked some of the country’s top economists whether this is a blip, or a sign of something more ominous.The deepest job losses — 27,500 — came in manufacturingStephen Brown,…

Make sure your charity of choice has charitable status before making a donation

December is the busiest fundraising month of the year for many charities, as donors scramble to make year-end donations in time to get a donation receipt for 2019, the deadline being midnight on Dec. 31. In last week’s column, I shared a variety of tax strategies for donating to charity. This week, let’s take a…

Alberta couple laid off in their late 50s faces 31% collapse in property value

Situation: Couple that both lost their jobs needs to boost retirement income quicklySolution: Free up capital by selling money-losing rental and downsizing houseIn Alberta, a couple we’ll call Liam and Ruth, both 60, were shown the door in their respective professions of electrical engineering and management consulting. They have been retired by circumstance rather than…

Who will be the next Bank of Canada governor? Here are six possibles

Now that Stephen Poloz has announced he will step down as Bank of Canada Governor after his seven-year term ends in June 2020, attention turns to the possible candidates who might replace him. Here are six possibilities.The FavouriteCarolyn Wilkins, senior deputy governor, Bank of Canada Carolyn Wilkins, senior deputy governor, Bank of Canada David Kawai/Bloomberg…

Stephen Poloz to step down: How Canada’s top banker went from folksy obscurity to...

OTTAWA — Outgoing governor Stephen Poloz once joked that, after being chosen to succeed Mark Carney as head of the Bank of Canada in 2013, he was received much like the guy who replaced Wayne Gretzky. That is to say: nobody actually remembers the guy who replaced The Great One.Poloz was plucked from relative obscurity…

Tamoxifen scarcity highlights the surprising, seldom-discussed, reasons behind drug shortages in Canada

For Carmela Bocale and thousands of other Canadian breast-cancer patients, the drug tamoxifen is like an insurance policy.Taken for five or more years after the initial treatment, it helps prevent the disease making an unwelcome reappearance.So Bocale was taken aback when her pharmacist announced two weeks ago she could pick up just a fraction of…

Canada’s economy loses 71,200 jobs in the biggest drop in employment in a decade

Canada’s job market unexpectedly weakened for a second-straight month, registering the biggest drop in employment since 2009 and casting doubt on the resiliency of the domestic outlook.The economy lost 71,200 jobs in November, Statistics Canada said Friday in Ottawa, following a decline of 1,800 in the prior month. That pares the total number of jobs…

Here’s what Canada is actually spending — and should be spending — on defence

By David J. BercusonIn early September 2014, the 28 NATO members (now there are 29) met in Wales and decided to establish a spending guideline of two per cent of Gross Domestic Product for total defence spending in each nation. In the words of the resolution: “Allies currently meeting the NATO guideline to spend a…

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