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Boomerpreneurs: Forty per cent workers over 65 are self-employed, according to the latest figures from Industry Canada. (Thomas Barwick/Getty Images)This post is sponsored by TD
Baby Boomers have had a bad rap. Popular wisdom has it that the “Me Generation” grabbed all the attention when they were young and now, as they get set to ride off into the sunset, are stealing the limelight again, forced to bear the blame for everything from stratospheric housing prices to the hollowing-out of the workforce.
No question, Canadians born between 1946 and 1965 made a big splash. They were, after all, the largest single slice of the Canadian population: richer, more privileged than any generation that came before. But are things as bleak as some suggest? Quite the opposite. Research suggests a lot of the popular views about the “silver tsunami” are myths. Let’s take a look at some of them.
Myth #1: Boomers haven’t saved enough for what lies ahead
Sure, Boomers have faced their share of financial challenges…
Toronto isn’t growing fast enough to justify its bubbly house prices
– canadianbusiness.com
This story originally appeared at Maclean’s.
Last summer, in the frankest terms possible, Bank of Canada Governor Stephen Poloz warned home buyers, homeowners, mortgage lenders and the real estate industry that nothing justified Toronto’s skyrocketing house prices. Nothing. Zip. Zilch. Nada.
Toronto didn’t get the message.
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:.5em}@media (min-width:480px){.cbR{width:250px;margin:0 0 1em 1em;float:right}}B.C. is desperate to keep its housing bubble aloft. It won’t work
In its recent outlook for 2017, the Toronto Real Estate Board said it expects the average house price in the greater Toronto area to surge by another $100,000 this year to $825,000. That would be on top of a $120,000—or roughly 20 per cent—increase in 2016. In making its forecast, the board repeatedly credited one factor for driving higher prices in Toronto: population growth.
Well, earlier this week Canadians got their first look at the results of the 2016 census, when Statistics Canada released population and dwelling counts for the country…
Fintech startup Paradigm Ark promises more accurate audits using A.I.
– canadianbusiness.com
(Jamie Grill/Getty)Murray Love wants to get to the heart of why artificial intelligence is necessary in today’s world. With his experience and background in analyzing financial reports, he’s convinced there are too many people wasting their talents doing the same.
“There is a significant amount of time and resources being wasted on very manual tasks,” he says. “I was watching very, very intelligent people wasting their time on tedious work.”
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:.5em}@media (min-width:480px){.cbR{width:250px;margin:0 0 1em 1em;float:right}}Meet Botler, an A.I. chatbot that helps people immigrate to Canada
Two years ago, Love started developing software that would form the basis of Ark Paradigm, his Kitchener, Ont.-based startup, and that could indeed relieve humans of the need to pore over corporate financial documents.
His goal was twofold—to save people from mind-numbing work and to help companies deliver more accurate reports to shareholders and regulators…
