Getting caught up on a week that got away? Here’s your weekly digest of the Globe’s most essential business and investing stories, with insights and analysis from the pros, stock tips, portfolio strategies and more.The Canada Revenue Agency announced earlier this week that Canadians across the country are holdingworth a net $1.4-billion. As Patrick Egwu writes, there are an estimated 8.
If you’re planning on leaving your kids a large inheritance, you might be doing both them and your money a disservice. Not only does letting your children struggle financially while they wait for you to die create an uncomfortable family dynamic at holiday dinners, it also robs your wealth of its best application: to make your life and that of your children more comfortable.
With record low unemployment and a tight labour market, why aren’t more people changing jobs – especially if it might? In the early days of the pandemic, very few people switched jobs, which was understandable considering the financial uncertainties posed by lockdowns. But as record sums of Americans started to quit their jobs in 2021, mostly to secure better positions, Canadians didn’t follow suit. And that continues today, despite companies recruiting for about one million positions.
from peak values in February by the end of next year, writes Rachelle Younglai. Since the Bank of Canada started raising interest rates in March to rein in inflation, sales volumes have plummeted, and the average home price is down 18.5 per cent from February to June. Economists at the Desjardins Group have had to drastically revise their forecast because thethan anticipated.