In June 2022, Statistics Canada reported nearly one quarter of Canadians have taken money out of their savings to pay their expenses.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
With that information, the amount of income required to maintain a senior’s desired lifestyle becomes clearer. One such lever, the stock market, is beginning its ascent out of bear market conditions after dropping dramatically in June 2022. During the plummet, a knee-jerk reaction on part of many investors was to move their position to cash.
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