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Canadians are in love with direct deposit

(NC) – Forget about walking down the lane or driving to the post office to pick up your federal benefit cheque. The majority of Canadians now receive their federal payments electronically through direct deposit into their bank accounts. Four out of five Canadians—parents, seniors, veterans, students, businesses and Aboriginal people—have enrolled in direct deposit, the federal program to eliminate paper …

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Property planning advice for the retirement boom

(NC) — Things are looking up for Canadian boomers. Compared to the generation that precedes them, they are healthier, living longer and many will work past the age of 65. This changes how retirees need to should look at their retirement property. “Accessibility tops the list of considerations for retiring homebuyers, followed by amenities, size, finances, and of course, location,” …

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Canadian Dollar Now World’s Fifth Most-used Currency

The latest report from SWIFT (Society for Worldwide Interbank Financial Telecommunication), a co-operative for financial messaging services, states that the Canadian dollar accounted for 1.8 per cent of activity in January which makes it the fifth most used currency in the world. The percentage is the same as one year earlier. However, the loonie, as the country’s dollar coin is …

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