Posthaste: Nearly half of post-secondary students can’t afford basics like food and housing, TD survey finds
Car ownership costs cooled in July, with one exception.
Used vehicle prices fell 5.7 per cent, and new vehicle prices rose just one per cent year over year, writes Sal Guatieri, senior economist with BMO Capital Markets. Gas prices were up just 1.9 per cent and electricity costs down 0.8 per cent.
Auto insurance premiums, on the other hand, jumped 9.6 per cent in the past year, adding two tenths to the annual CPI rate, said Guatieri.
Getting a divorce is costly from both a financial and emotional point of view. Wealth managers Ted Rechtshaffen and Michelle Hung say divorces can result in an estate value being 42 per cent lower than if the couple stayed together. But there are ways to recover from the hit, financially speaking anyway. Find out more.
Are you worried about having enough for retirement? Do you need to adjust your portfolio? Are you wondering how to make ends meet? Drop us a line with your contact info and the gist of your problem and we’ll try to find some experts to help you out, while writing a Family Finance story about it (we’ll keep your name out of it, of course). If you have a simpler question, the crack team at FP Answers, led by Julie Cazzin, can give it a shot.
Want to learn more about mortgages? Mortgage strategist Robert McLister’s Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won’t want to miss. Plus check his mortgage rate page for Canada’s lowest national mortgage rates, updated daily.
Have a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at posthaste@postmedia.com.
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