Jobless storm - MoneySense

Jobless storm

With stimulus measures winding down and the global economy faltering, Canada is headed for a rude awakening, according to the PBO.



  • Canada’s budget watchdog suspects the country’s jobless rate will rise to 7.6% in 2013. What else does Parliamentary Budget Officer Kevin Page see in his crystal ball?
  • Pay your mortgage like its 2007, suggests Robert McLister in Sunday’s Globe and Mail. Paying the minimum payments of yesteryear could knock an extra $21,900 off your principal in five years and save you $1,600 in interest, retiring your mortgage in two-thirds the time.
  • More than half (54%) of baby boomers have considered started their own business, according to recent research by TD. That number grows to 69% and 67% for generation X and millennials. Are you in this camp? If so, you might want to take a look at this small business 101 infographic the bank drew up: