A national study of Canadians with more than $100,000 in investable assets shows that worry over healthcare needs has emerged as the second most important driver, behind retirement itself.
Among investors under 50, 34% identify healthcare as a priority compared with the average of 46% of all respondents, but even among this younger group, healthcare needs emerge as a significant rationale for investments. Read more
By Carla Hindman, Director of Financial Education, Visa Canada
A fast growing and ominous crime in Canada today is identity theft, where someone steals your personal information and uses it to open a bank account or take out a loan, make purchases, secure false identification, or commit other offenses. Victims are often unaware it’s happened for months, by which time their credit may have been damaged – or worse.
How do identity thieves get your information? It could be as simple as rummaging through your trash, snatching your purse or stealing your mail, or as “high-tech” as hacking into your email account or your employer’s computer system. Thieves sometimes steal receipts from dumpsters and have even been known to watch with binoculars as people enter their personal codes into telephones or ABMs. Read more