Jacques Parizeau remembered as builder of modern economy in Quebec + MORE Jun 2nd

By Derek Nicholson
Student bank accounts offer up great savings for those who need it most, providing most commonly used bank features at a discount – and often with no monthly fees at all.
In order to acquire a discounted student bank account, your bank will require you to provide proof of full-time enrollment. This is easily accomplished by providing a copy of your most up-to-date school schedule to your closest branch – little effort on your end with savings that are definitely worth it! From there, it’s your responsibility to renew your student status in accordance to the time frame set by your bank upon opening the account. Banks provide the renewal date when they run through your account details, but having to remember everything in one fell swoop can prove to be quite difficult.
Also read: 3 Ways to Really Save When You’re a Student
As a student myself, it recently it came to my attention that a less-active bank account of mine switched from a no-fee student account to a regular everyday chequing account…

MONTREAL – Business leaders in Quebec are remembering Jacques Parizeau as a builder of the province’s economy and financial institutions.
Billionaire investor Stephen Jarislowsky says he vehemently disagreed with Parizeau’s separatist aspirations but not his economic views, which he described as forward-thinking.
Parizeau, an economist who also served as provincial finance minister before becoming premier, advised Liberal and Union Nationale premiers in the 1960s to nationalize Hydro-Quebec and helped create the Quebec Pension Plan.
He also helped establish pension fund manager the Caisse de depot, provincial investment agencies and a stock savings plan.
Premier Philippe Couillard says the Caisse’s Montreal headquarters will be renamed after Parizeau in his honour.
Parti Quebecois Leader Pierre Karl Peladeau, the former head of Quebecor, says Parizeau was an inspiration for the launch of his own political career.
Peladeau says Parizeau was instrumental in giving francophone Quebecers the tools to ensure their economic development and the creation of large Quebec companies…

The federal government has brought the issue of CPP back to the forefront this week by stating they’re open to the idea of voluntary expansion. Their new stance is an about-face on the matter; in 2013, despite calls from the provinces to expand CPP to address the looming retirement crisis, the late Finance Minister Jim Flaherty put the kibosh on CPP expansion. Flaherty made it clear at the time he’d rather a targeted approach to address the retirement savings issues plaguing the middle class.
Fast forward less than two years later and the Tories seem to be singing a different tune. Current Finance Minister Joe Oliver said consultation will soon start on a possible voluntary enhancement to CPP, though no official promises have been made or put into writing.
Also read: Is Your Lack of Financial Literacy a Threat to Your Retirement?
Different Views on Retirement Savings
The Conservatives, Liberals and NDP parties have different approaches to addressing Canadians’ lack of retirement savings…

The high-finance world of oil price hedging and currency speculation may seem foreign and remote to most of us who don’t work in that world, but the decisions made have an impact on us all, mostly notably on the rate we end up paying for our mortgages and other loans.
The depressed price of oil, and the resulting inflation lag, are the main drivers behind the Bank of Canada’s current monetary policy: in the scheduled May 27 rate announcement, the BoC maintained their trend setting Overnight Lending Rate at 3/4 per cent as economic growth remains below planned benchmarks. This figure is what the other financial institutions use to determine their lending rates for clients.
Also Read: RateSupermarket.ca’s May Mortgage Rate Outlook Panel
“Total CPI inflation is near the bottom of the Bank’s 1 to 3 per cent inflation control range, largely due to the transitory effects of sharply lower energy prices.” the Bank stated in their announcement. “Core inflation remains above 2 per cent, boosted by the pass-through effects of past depreciation of the Canadian dollar, as well as certain sector-specific factors…