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October 18, 2021

Should unpaid internships be allowed?

A backlash is brewing against the unpaid internship with many issues against this type of employment coming to light.

It's been recently discovered that if you're an unpaid intern in Ontario, you aren't protected by health and safety laws, according to the Toronto Star. While the provincial government is currently reviewing and reconsidering the law, there's no timeline on when any changes could be made.

This adds to a growing discontent expressed about unpaid internships. In Vancouver, there was a backlash against the Fairmont Waterfront hotel for offering an unpaid internship to bus tables. Another recent Toronto Star story showed that hospitality interns did the job of a cleaning lady during their internship. While two former Bell interns filed a complaint with allegations that the company broke labour laws when they weren't paid for the work they did.

Many young workers taken on unpaid internships with the number of them in Canada ranging from 100,000 to 300,000, according to the CBC. Young people have a tougher time landing a job, especially after the recession, and it's no wonder that they're trying any possible way to gain experience to jumpstart their careers.

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August 08, 2021

Nine secrets to earning $100,000

There's no easy way to $100,000 in annual salary. But people who have reached that milestone are offering some advice on how others can get there.

One user on the Reddit website put out a request for anyone making at least $100,000 a year. "What was the smartest decision you ever made?" asked someone going by the name of RicsFlair.

The question generated a wide-ranging discussion about what it takes to climb the career ladder. Some of the predictable responses were in there — work hard, do a good job and the like — but users did have some decent advice for anyone trying to make it in the world.

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July 16, 2021

Can money buy a winning baseball team?

Put me in coach, I'm ready to play, today.

Look at me, I can be, centre field.

Ever wonder if money can buy a winning team in Major League Baseball (MLB)?

Well, BMO's Moneyball All-Star Break Report examines the relationship between payroll and performance in Major League Baseball.

The annual report provides a financial analysis of MLB winners and losers at the unofficial halfway mark of the 2013 season.

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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...