The RRSP temptation

Article Abstract:

The Canadian government is considering proposals that would allow people to withdraw money from their RRSP to purchase a home. Critics charge that the withdrawal will not help the economy because young people do not have much money saved, and will not have money for retirement.

Political aspects, Savings, Registered retirement savings plans

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The economic outlook

Article Abstract:

While the Canadian economy appears to be beginning a slow recovery, it is still far from healthy. Lower interest rates have sparked housing construction and economists say interest rates will keep falling as the risk of inflation continues to subside.

Retail industry, Retail trade, Inflation (Finance), Consumer confidence, Inflation (Economics)

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A currency free-fall: pressure on the Canadian dollar forces interest rates up and stalls economic recovery

Article Abstract:

The Canadian dollar fell in value, which caused the central bank of Canada to raise interest rates. Prime minister Brian Mulroney does not seem to have an effective economic policy to rejuvenate the economy and reduce the $34.6 billion deficit.

Prices and rates, Economic policy, Interest rates, Mulroney, Brian, Dollar (Canada)

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