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Tax Breaks

From GFB: Tax Specialist, John Waters says Canadians are not taking advantage of tax breaks and don't consider tax implications when they invest… read more The post Tax Breaks appeared first on Zoomer...

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MOST CANADIANS DON’T BUY TRAVEL INSURANCE

Zoomers love to travel.  But a new survey suggests only 50 percent of Canadians know they are mainly responsible for any medical costs when outside the country. A BMO insurance survey also found some...

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BMO CUTS RATE – SAYS FLAHERTY’S OBJECTIVES WILL BE MET

As the Bank of Canada and the federal finance minister raise continued concerns about high debt levels, analysts say interest rates in Canada are going nowhere -except perhaps down. Bank of Montreal...

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CANADIANS NOT SAVING ENOUGH FOR EMERGENCIES

A new report says a majority of Canadians feel ready to deal with a financial emergency, but in reality, only half have what financial experts say is the minimum recommended amount set aside....

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MORTGAGE RATE CHANGE GOOD FOR EMPTY NESTERS – MAYBE

The verdict is out on whether this news will make your empty nest more attractive to potential buyers. One expert says the Royal Bank’s decision to slightly decrease its fixed mortgage rates may lead...

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SOME OF CANADA’S BIG BANKS DOWNGRADED

Barclays has downgraded the stocks of four of Canada’s banks. The British multinational bank says there’s some concern about economic growth in this country, so, downgraded to “underwight” from “equal...

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REPORT: ZOOMERS WILLING TO POSTPONE RETIREMENT TO HELP THEIR CHILDREN

Half of Canadian Zoomer parents say they’d put off retirement because of concerns about the financial future of their children.   According to a new report from BMO Wealth Management, parents with...

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B-M-O CUTS OVER 1800 JOBS

Just hours after announcing it had earned $973-million dollars in three months – the Bank of Montreal is slashing 18-hundred and 46 jobs. The bank says it is cutting its workforce because consumers are...

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