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Interest rates rose sharply in 2022, sending tremors through the housing market and the wallets of borrowers. Savers, on the other hand, got rewarded. The average one-year guaranteed income certificate from major banks went from paying about one per cent interest a year ago to nearly 5 per cent at the end of 2022.Article content
Old Age Security cheques, which rose almost 8 per cent over the course of 2022 , probably won’t budge much in 2023. The government also will be capping at 3 per cent the price increases over the next four years of several of its agencies and services, for expenses such as electricity, vehicle registration fees and university tuition. The basic driver’s licence renewal will cost only $24.75 in 2023, the final year of a two-year, $60 rollback, for those who avoided demerit points.Article content
Employment Insurance and Quebec Parental Insurance Plan deductions also will take a bigger bite of most paycheques, as much as $72.27 more over the year.
Many are worth more too
I wouldn’t say that. Trudeau is worthless.
As we have a worthless leader for Canadians!
Only one-in-five Canadians has a New Year's resolution because many are pretty happy: poll..
Canadians are sitting on $300-billion in excess savings. What happens next is anyone’s guess During the pandemic, households have saved a lot more cash than usual. Where it’s spent – and how quickly – carries big implications for the economy.
Our propaganda based governments really must feel we are 'worth less'. Their special people need only apply for pay-to-play benefits. The rest of us normal people just have to pay their bills. That's how liberal socialist 'budgets balance themselves'.
cruel wording for this byline, very cruel
Not as worthless as our ‘leadership’....