Finance Minister Chrystia Freeland said the federal government plans to make “two significant and necessary investments” in the next budget, namely in health care and in building a green economy, while promising to be “narrowly focused and fiscally responsible” to fight inflation. “The truth is, we can’t fully compensate every single Canadian for all of the effects…
‘Narrowly Focused and Fiscally Responsible’: Finance Minister Freeland Outlines Priorities for 2023 Budget
March 20, 2023
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Mexican Unicorn Clara Bags $90 Million in Debt Financing Amid Expansion
SAO PAULO—Mexican unicorn Clara has secured $90 million in fresh debt funding led by U.S. debt provider Accial Capital, the company said on Monday, as it looks to boost its expansion in Latin America. The funds will help Clara, which offers corporate credit cards and expense management solutions, increase its footprint in Brazil, where it…
Canadians ‘Rethinking’ Retirement Plans Due to Inflation Concerns: Poll
Canadians in their 60s say they may delay their retirement over concerns that inflation will persist into the future, according to an internal poll conducted for the federal government. “Participants nearing retirement expressed concerns about a number of issues including the cost of living,” said a Privy Council Office report, titled “Continuous Qualitative Data Collection…
Credit Card Debt up 15%, Total Consumer Credit Debt up to $2.37 Trillion in Q4 of 2022: Equifax Report
Canadians borrowed more money last year than the year before, with total consumer debt in the last quarter of 2022 rising to $2.37 trillion, a 6.2 percent increase from the same period in 2021, according to a new report by Equifax Canada. Consumers, especially those under 35 years old, increasingly used and relied on credit…
Without Trust You’ve Got Nothing
Of all the things I’ve ever dreamed of being, advice columnist was never on the list. But here I am playing one every day. That’s because while my inbox loads up with tips, hints and questions related to frugal living and getting out of debt, many questions spill over into dilemmas—family, life, and love. Dear…
Newfoundland and Labrador Looking to European Markets to Better Finance Its Debt
The Newfoundland and Labrador government is looking to European markets to better finance its debt. The province has been listed with the London Stock Exchange for up to 1 billion euros in bonds, in hopes of attracting lower interest rates. Premier Andrew Furey says with new energy projects on the horizon, the province is in…
NTD News Today (March 3): Murdaugh Sentenced to Life in Prison for Murder of Wife, Son; LAPD Too Busy for Certain Calls: Union
South Carolina attorney Alex Murdaugh was sentenced to life in prison without parole Friday, a day after he was convicted of murder in the shooting deaths of his wife and son. The LA police department can’t respond to certain calls anymore because it’s understaffed, according to a police union. Union leaders say various types of…
Bounce Back From Bankruptcy and Advice to Readers
Dear Mary: Please give me some pointers on bouncing back from bankruptcy. Will this have any effect on future employment opportunities?—Henry, email Dear Henry: Live on cash. Have only one credit card, and if you use it, pay it in full every month. Refuse all other offers of credit, and take on no unsecured debt….
Government Interest Payments Will Cost Taxpayers More Than $1,300 per Person in 2022–23: Study
Canadian taxpayers will contribute more than $1,300 per person toward government interest payments for federal and provincial debts in the next year, for a total of $68.6 billion, according to a new study. On Feb. 2, the Fraser Institute, a public policy think tank, calculated Canada’s combined federal and provincial interest costs per person for…
Arizona Couple Shares How They Paid Off $52,000 of Consumer Debt in Just 18 Months
An Arizona couple who decided to combine their finances after getting married found out they had a total of $52,000 in debt. They set to work paying it off as quickly as possible and cleared the mammoth debt in just 18 months. Today they are sharing their tips on how they did it and believe…
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