Canadian Financial News - Saving For A Down Payment

Canadian Financial News This Week- 06/26

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Here is your breakdown of this week’s Canadian business and financial news with some articles of interest.

1. On average, retired Canadians are spending $2,400 a month, or $28,800 a year as revealed by the BMO Wealth Management Study, with $668 of that going towards accommodation.

Read more: MoneySense

2. CIBC deputy economist Benjamin Tal is lashing out at people who compare the Canadian housing market to its American counterpart and is downplaying fears of foreign investment.

Read more: Financial Post

 

3. The Canada Revenue Agency (CRA) is warning taxpayers to watch out for scammers that call, impersonate official agents, and issue threats of court charges, jail time and even deportation for failure to pay a fake outstanding tax debt.

Read more: MoneySense