WASHINGTON - A child born in 2013 will cost a middle-income American family an average of $245,340 until he or she becomes an adult, with families living in the Northeast taking on a greater burden, according to a report out Monday.
TORONTO - Getting a post-secondary degree can be an expensive endeavour, but a recent survey suggests that most students believe they'll be on track to pay off their student loans within five years of graduating.
TORONTO - The Canada Pension Plan Investment Board says it earned a gross investment return of 1.6 per cent in its fiscal 2015 first quarter, an improvement over the same period a year earlier but, as expected, down from the stellar returns it enjoyed at the end of last year.
TORONTO - A Calgary company is looking to boost the profile of the world's newest, and most controversial, currency with the launch of six more teller machines in Toronto that deal in the virtual currency Bitcoin.
The opening of new Bitcoin ATMs in Toronto may have some people looking for more information on the digital currency that's earned controversy even as it gains in popularity. Here's all you need to know about Bitcoin:
VANCOUVER - The average Canadian family is spending more on taxes than on food, shelter and clothing combined, according to a new study by the Fraser Institute, but at least one economist cautions that the findings need to be seen in context.
TORONTO - A new poll suggests more than half of Canadians aged between 45 to 64 belong to a "sandwich generation" that's feeling financially squeezed by the needs of their children, aging parents — or both.
TORONTO - Canada's average household net worth rose nearly eight per cent in 2013 — making it one of the best years since the recession — mostly because of rising stock and real estate values as well as moderating debt levels.
TORONTO - Some people are lucky enough to be born to well-connected families with vast fortunes, leaving those of us who rely on our wits and hard labour with rigid attitudes about the type of kids who benefit from trust funds.
(Special) --International markets offer Canadian investors a myriad of opportunities. However, political and economic factors can have a big impact on investor sentiment and how those markets perform, and investors should consider investment options best suited to specific markets.