February 29 roundup - MoneySense

February 29 roundup

On the government’s student job centres closing down, falling Canadian home prices and questionable financial advisers.


• Students counting on the federal government’s Service Canada Centres for Youth to help them find a summer job are out of luck. Closing down the seasonal student job centres is expected to save Ottawa $6.5 million annually. A spokeswoman for Human Resources Minister Diane Finley says more kids use the government’s online portal anyway.

Canadian house prices were generally flat and in some cases lower in the fourth quarter, according to a new study. The Teranet-National Bank study found prices fell in December in nearly half of markets surveyed, including Victoria, Ottawa-Gatineau, Montreal, Toronto and Vancouver.

•And on a lighter note, Retire Happy Blog has a hilarious video on why fee-only financial advisers often provide more bang for your investment buck.