Will the Canada Pension Plan be up to the challenge of providing for the next onslaught of retirees? Concerns persist that current CPP isn’t adequate for Canada’s growing baby boomer needs – but proposed expansion for the program stalled this week as finance ministers could not come to an agreement.
The end of door-to-door mail delivery could be a reality for Canadians, as Canada Post announces scaling back their services in urban areas, and price hikes for stamps. What pushed the crown corporation to such measures? Here’s a look at their various financial challenges.
Retirees face a number of pension plan challenges as interest on savings reaches record lows while debt remains high in Canada. But it wasn’t always this way. Read on to see how pension plans have evolved over the past few decades.