Retiring at 55 with $7.2M: Is Part-Time Work Needed?
Andrew, 55, with a net worth of $7.2M, wants to retire early. Family finance analysis shows a 4% return could sustain $200K income, but part-time work may be wise.
Category : Banking Finance
Man Serving 2-Year Sentence for Robbery Wanted: Police
Saint John police seek Bernard Kellar, serving a 2-year sentence for robbery, after a warrant was issued for his arrest. He is considered wanted by authorities.
Warner Bros. Boosts Loan Sale to $13.75B, Repays Bridge
Warner Bros. Discovery increases loan sale to $13.75 billion, aiming to fully replace $15 billion in bridge financing ahead of its $110 billion merger with Paramount Skydance.
Wall Street Catches Up to Global Market Gains
Wall Street rallied to catch up with global market gains. Other news: Guilbeault may quit caucus, B.C. submarine investment, and heatwave records in Europe.
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Canadian Insolvency Filings Hit Great Recession Levels
Insolvency filings in Canada reached highs not seen since the Great Recession, with homeowner insolvencies up 11% and non-mortgage debt rising sharply, according to Equifax.
Canadian Bank Profits to Grow Amid Rising Insolvencies
Canadian banks face profit growth but rising insolvencies and weak housing market. Equifax reports insolvency volumes highest since 2009.
Insolvency volumes highest since 2009: Equifax
Equifax reports insolvency volumes in Canada reached their highest level since 2009, driven by financial strain among homeowners amid rising interest rates and inflation.
CIBC Mutual Fund Investors Eligible for Class-Action Settlement
CIBC mutual fund investors may qualify for a class-action settlement. Learn about eligibility criteria and how to file a claim.
Delivery Hero Surges on Hopes for Higher Uber Takeover Bid
Delivery Hero shares surge above Uber's €10B offer as investors anticipate a higher bid. Rival DoorDash eyes Middle East unit, while antitrust concerns loom.
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77 Charges After 21 Handguns Seized in Winnipeg Apartment
Winnipeg police seized 21 handguns from an apartment, leading to 77 charges against a man. The investigation highlights ongoing gun violence concerns in the city.
Toshifumi Suzuki, 7-Eleven Japan founder, dies at 93
Toshifumi Suzuki, who revolutionized convenience stores in Japan and built the 7-Eleven empire, has passed away at age 93. His legacy reshaped retail worldwide.
Why Bank of Canada Won't Rush to Cut Rates Even if Warsh Does
Despite expectations that new Fed chair Kevin Warsh may cut rates, the Bank of Canada is unlikely to follow due to resurgent U.S. inflation and a wide interest rate gap.
Democrats feud over stock trading as anti-corruption case sharpens
Internal Democratic divisions over stock trading rules emerge as the party intensifies its anti-corruption narrative against former President Trump.
How to rewrite your mortgage without breaking it
Christopher Liew explains how to renegotiate your mortgage terms without penalties, offering strategies for homeowners seeking better rates before renewal.
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Delayed Bonuses Can Lead to Major Employer Liability
An Ontario court awarded nearly $700,000 to an employee after repeated bonus delays constituted constructive dismissal, warning employers to honor contractual bonus terms.
Credit Stress Tests Big Banks, State Capitalism, Fusion Listings
Canada's Big Six banks face credit stress, consumer spending rises on gas prices, CEO firing lessons, state capitalism challenges, and nuclear fusion listing news.
Gold Falls as Fed's Waller Hints at Possible Rate Hike
Gold prices dropped as Fed Governor Waller warned the Iran war's energy shock could fuel inflation, making a rate hike possible. U.S. consumer sentiment hit a record low.
Kevin Warsh Sworn In as Fed Chair at White House
Incoming Federal Reserve chair Kevin Warsh will be sworn in at the White House, a rare ceremony for a Fed chief, as Trump pushes for rate cuts amid high inflation.
Gas Prices Boost March Retail Sales
Rising gas prices led to increased sales at service stations, boosting Canadian retail sales in March according to Statistics Canada data.
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Banks Poised for Solid Q2 Growth Despite Economic Uncertainty
Analysts forecast solid growth for Canadian banks in Q2 despite economic headwinds, with strong lending and stable margins driving performance.
What to Do If You Made a Mistake on Your Tax Return or Are Filing Late to CRA
Learn what to do if you made an error on your tax return or missed the filing deadline. Jamie Golombek explains how to correct mistakes and access benefits.
Winnipeg Extortion Suspect Arrested in Ontario
Farhan Nabil has been arrested in Ontario in connection with a Winnipeg extortion case, while a second suspect remains at large. Police continue to investigate.
CPPIB Posts 7.8% Return, Fund Hits $793 Billion
The Canada Pension Plan Investment Board reported a 7.8% net return for fiscal 2026, growing the fund to $793.3 billion. U.S. public equities drove performance.
Dimon: Rates May Climb Much Higher Amid Bond Selloff
JPMorgan CEO Jamie Dimon warns interest rates may climb much higher, citing inflation, oil prices, and government debt concerns, as bond yields hit multi-year highs.
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Smile Cookie Campaign Raises Over $300,000 in Windsor-Essex
Tim Hortons' Smile Cookie campaign in Windsor-Essex raised more than $300,000 for local charities, with funds supporting hospitals, food banks, and community programs.
Fed Minutes Show More Policymakers Ready for Rate Hike
Federal Reserve minutes reveal growing support for laying groundwork for interest rate hikes, signaling potential policy shift amid inflation concerns.
B.C. Couple Wins $500K in Lotto Max, Thought It Was a Joke
A British Columbia couple won $500,000 in a Lotto Max draw. They initially thought it was a joke. The winning ticket was purchased in Vancouver.
Wall Street Futures Rise as Oil Prices Drop and Bond Yields Ease
Wall Street pointed toward gains as oil prices fell and bond yields eased, with futures indicating a positive open for major indices amid mixed economic signals.
Samsung faces strike after pay talks collapse
Samsung Electronics faces a potential strike after union pay negotiations fail, impacting production at the tech giant's South Korean facilities.
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Vance: Trump Doesn't Trade His Own Stocks
Vice President JD Vance defended Trump from criticism over his voluminous trading, saying the president does not buy or sell his own stocks, but independent advisers manage his portfolio.
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