Posthaste: RRSP balances set for big lift this year as Canadians pivot to saving for retirement

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Posthaste: RRSP balances set for big lift this year as Canadians pivot to saving for retirement
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Just over half of Canadians plan to contribute to RRSPs this year amid anxiety over their finances, a survey says. Find out more.

consumer price index climbed 0.5 per cent

Excluding food and energy, core CPI advanced 0.4 per cent last month and was up 5.6 per cent from a year earlier. David Rosenberg, economist and founder of Rosenberg Research, said in a note to clients that the slowing in core CPI “is encouraging.”Rosenberg expects the service sector component of the CPI to slow “sharply” in the latter half of the year when new rental supply comes onto the market.Ernie Steeves, New Brunswick minister of finance, will present the province’s third-quarter financial results.

The standing committee on government operations and estimates meets regarding federal government consulting contracts awarded to McKinsey & Company. Sean Fraser, minister of immigration, refugees and citizenship will appear by videoconference

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