Today the US Federal Reserve (their central bank), headed up by Janet Yellen, raised the US interest rate by a quarter of a percentage point to 0.75% from 0.5%.
For the decision, Janet Yellen explained: Keep Reading
Yesterday Federal Finance Minister Bill Morneau shared the federal government’s plans for an overhauled and updated CPP (Canadian Pension Plan). Why’d he do this? Because the government sees that many, many Canadians are not saving enough for retirement and there is concern over 1.1 million Canadians retiring with a significantly lower standard of living compared to when they were working.
Here’s what you need to know, as well as a refresher Q&A in how CPP works: Keep Reading
