Expanding TFSA limit offers little for lower, middle earners: study + MORE Jun 30th

Customers queue in front of the National Bank to use ATM to withdraw cash on June 28, 2015 in Athens, Greece. (Photo by Milos Bicanski/Getty Images)
—Updated on Monday, June 29 at 5:35 p.m.—
The government of Canada is advising visitors to Greece to bring enough cash to cover unexpected to travel expenses in the wake of the country’s deepening financial crisis that took a dramatic turn Sunday.
Authorities in Greece announced yesterday that all banks in the country will be closed from June 29 to July 7, 2015 and capital controls, including maximum €60 daily ATM cash withdrawals, have been imposed on locals until further notice. The decision came after the European Central Bank (ECB) said it would not boost the amount of emergency loans to keep Greek banks afloat. Banks in the country are not expected to reopen until after a national referendum that will ask voters to accept or reject the latest bailout measures offered to Greece by the ECB, the European Union and the International Monetary Fund…

The Harper government’s recent move to raise the contribution ceiling on tax-free savings accounts offers little to benefit low- and middle-income Canadians, a new analysis of federal tax data has found.

When it comes to generational finances, the unique needs of Gen Y and the Baby Boomers tend to hog the spotlight. However, a younger generation is approaching the age of money management. Generation Z, the children of Gen Xers and born during the early 90s, will soon require the skills to create their own financial strategies. And, unlike Millennials and their parents, Generation Z are growing up in the aftermath of the financial crisis without the benefit of a strong economy.
Also read: Millennials – the Lost Generation?>
The New Age of Money Management
Saving and investing habits differ between generations – and to younger consumers, doing so can seem intimidating. However, they’re at the perfect age for getting started. According to a survey by the Financial Planning Standards Council (FPSC), 15 per cent of respondents say they wish they had started savings and investing earlier. Despite growing up amid a weak economy, this gives Gen Z a distinct advantage, as they enter their prime years for growing their funds…

Personal finance is a constantly changing landscape in Canada as banking moves away from the branch and lenders find themselves amid the technology arms race. From everyday banking apps to new ways to use credit card points – are you ahead of the curve?
This week, we’ve explored the changes to come for your personal finances. Read on for the full story.
Why Generation Z Needs to Start Saving Now
Most of today’s money advice tends to target Millennials or retiring Boomers. But there’s one generation in particular who could benefit from some savings advice: Gen Zs, who have all the time in the world, without many of the financial responsibilities plaguing Ys.
However, the concepts of saving and investing can be intimidating to Zs – here are a few tips to kickstart those wealth-building plans.
Read Sean’s Blog | Why Generation Z Needs to Start Saving Now
Bank Websites: What Canadians Want Pt. 2
What top features should lenders include in their websites and mobile apps? We asked – and YOU told us what makes a great online banking experience…

WARSAW, Poland – Poland’s government, at its first ever session outside Warsaw, approved a multi-billion-euro plan on Tuesday to stimulate the coal-mining region of Silesia’s industry and job market.
Prime Minister Ewa Kopacz convened the weekly Cabinet session in the southern city of Katowice to stress her government’s concern for the key industrial region. Its people complain of being laid off and neglected as coal mines are being closed or are struggling to survive, and unemployment reaches 20 per cent.
Poland is Europe’s major producer and user of coal, with most of its energy based on the fossil fuel.
The visit was part of the ruling team’s electoral campaign before fall general elections in which the opposition is favoured.
The “Silesia 2.0″ plan calls, among others things, for tax exemptions for industries using coal and loans for modernizing Ukraine’s coal-based power plants, with the aim of increasing demand for Polish coal…