Category: Canada government

What does Canada’s aging population mean for you?

In late 2015, Canada recorded an ominous milestone. For the first time, there were more Canadians over the age of 65 than under the age of 15. This aging of the Canadian population is the result of the Baby Boomer generation (defined as those born between 1945 and 1965), and its significant membership winding down their … read more

Will Canada join the negative interest rate club?

Negative Interest Rates in Canada

In discussing its recent decision to hold the benchmark lending rate steady at 0.5 percent, Bank of Canada Governor Stephen Poloz did not rule out the possibility of implementing a negative interest rate if the economy doesn’t show increased strength in the coming months. While Canada has never adopted a negative interest rate before, the … read more

2016 federal budget highlights

The 2016 federal budget released on Tuesday afternoon (March 22) introduced a number of changes, but little that would be considered a shocker. Billed as the “infrastructure” budget, $120 billion over the next ten years was committed to public transit, waste management and social housing. Even the projected deficit coming in at $29.4 billion was … read more