Corporate bankruptcies surge on high interest rates, uncertainty

Federal Reserve Board Chairman Jerome Powell departs after speaking during a news conference following the Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on June 14, 2023. Mandel Ngan | AFP | Getty Images The Federal Reserve plans to keep hiking interest rates to stem inflation, which means an increase in corporate default rates is likely in coming months. The corporate default rate rose in May, a sign that US companies are grappling with higher interest rates that make it more expensive to refinance debt as well as an uncertain economic outlook. There have been 41 […]

How to solve Canada’s slow-moving retirement crisis

Breadcrumb Trail Links Retirement Personal Finance Fraser Stark: Every Canadian who can comfortably navigate their own retirement finances is one less person requiring expensive subsidized care from the public purse Published June 24, 2023 • Last updated 1 hour ago • 5 minute read Retirees face uncertainty on multiple fronts: market returns, cost inflation and their own physical health. Plus, the unknown length of an individual’s ultimate lifespan creates a labyrinthine financial planning challenge. Photo by Peter J. Thompson/Financial Post Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through […]