savings

The Canada Savings Bond will soon be gone. Just how rich was the CSB in its heyday?

There hasn’t been much to wow investors in recent budgets. Here are a few appealing ideas.

After finally reaching retirement, a critical question: what do you do with your money once you get there?

In attacking my recent story What’s the Use of Saving Money? as “irresponsible” and “misinformed,” I’m not entirely sure Peter Aceto, the CEO of ING Direct Canada, read beyond the headline. If he did, he’d know it wasn’t a piece that “discourages Canadians from using savings accounts.”  Quite the opposite. While bemoaning and exploring the demise of the saving culture in this country, our story argued that around the world people are being discouraged from putting away their pennies by ultra-low interest rates and government programs that promote spending (Cash for clunkers, home reno rebates etc).

How years of ultra-low interest rates have punished savers, rewarded spenders, and now might be smothering any hopes of recovery

Coupon clipping is time-consuming, but the savings deliver ‘an exhilarating high’

Doubling Canada Pension Plan benefits would provide all Canadians with a safe retirement, but it’s a risky plan that is set to spark a major political battle

Oblivious to the risks, Canadians are piling on record debt loads

Retirement plans are being dashed by a new economic reality

The new normal: Call it frugality if you like. We call it sanity.