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October 16, 2021

Despite recent gains, women still feel overworked and underpaid: report

Ninety-three per cent of Canadian women business leaders feel they're paid less than their male counterparts and that image has more to do with their possible advancement compared to men, according to a new Randstad Canada survey.

Despite any recent gains, more than three quarters (77 per cent) believe women still need to work harder and put in longer hours than men to prove themselves, particularly in management and executive roles.

And while there's always lots of talk about family-friendly workplaces, 49 per cent feel that employers are increasingly leery of family-related absences among women employees and this has a significant impact on their advancement.

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August 26, 2021

Canadians worry that aging boomers will overload health system

As the wave of baby boomers begin to retire, the strains of funding Canada’s health-care system will only grow over the next decade.

Combined with rising costs for most things in general, economists say health care spending, left unchecked, will become unsustainable.

So is it an wonder that so many Canadians worry about whether the country’s health system is ill-prepared to handle the needs of an aging population. 

Six in 10 Canadians lack confidence in the health system’s ability to care for Canada’s rapidly greying population, particularly those who already have experience with its approach to looking after seniors,  according to a recent study from the Canadian Medical Association.

Women, particularly those already caring for an elderly person, are among those least confident that hospitals and long-term care facilities can handle the demands of a population that's living longer than ever before.

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August 15, 2021

How bad hair can ruin your self-esteem

Bad hair can set the tone for the rest of your day.

In fact, women have stayed home from work, from parties and have even passed up job interviews all because of their hair.

At least that's what a new report out of the UK is telling us.

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August 02, 2021

The pros and cons of being a stay-at-home parent

According to the Child Care Advocacy Association of Canada (CCAAC), child care fees are typically the second highest cost to families next to housing.

Not only that, over 70 per cent of mothers are in the work force and yet there are only enough child care spaces for about 20 per cent of the families who need them.

Consider a single parent working at a job with minimum wage. The cost of child care far outweighs the income earned.

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July 25, 2021

Men and women do business differently

Men and women both have a passion for business. But how they do it is altogether different.

A new survey shows clear differences in the motivations and characteristics of men and women business owners, and how they got to where they are.

For instance the study, conducted by Pollara for BMO Bank of Montreal, finds that male business owners (65 per cent) are more likely than their female counterparts (56 per cent) to have acquired their role by starting their own business.

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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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July 15, 2021

Women driven by emotions when planning for retirement: study

Although the share of men and women saving for retirement is roughly the same, the way they plan for retirement differs sharply.

When planning for life after work, women are more affected by emotions and less involved in decision-making, compared to their male counterparts, according to research from Lincoln Financial Group.

While hope and fear affect both genders when it comes to squirelling away money for the future, women are more vulnerable to such emotional influencers.

Seventy-three percent of say they're affected by fear, compared with 59% of male respondents. Hope plays an even more important role for 91% of women and 85% of men.

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July 11, 2021

Is it the end of the 40-hour workweek?

Is the 40-hour workweek still relevant in today's society?

In a report issued last month, the International Labour Organization (ILO) noted that reducing work hours can have a positive affect on employment levels during a severe economic downturn.

It also discusses the use of work-sharing to generate jobs and for the preservation of existing jobs.

I can relate to the latter.

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June 27, 2021

Couples singing the wedding blues

1038218_66480936The "Big Day" may be farther away than you think.

Financial priorities seem to be getting in the way of that special wedding day, according to a new survey by BMO Bank of Montreal.

The cost of walking down the aisle is estimated at $14,281 and upwards -- a hefty sum for couples just starting their married lives together.

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June 25, 2021

Diabetics face discrimination, suffer emotional distress

Diabetes suppliesA new study reports that 15 per cent of people living with diabetes have felt discriminated against due to their disease.

And one in four Canadians with diabetes experiences great emotional distress.

As a mother of two children with Type 1 diabetes (also referred to as insulin dependent diabetes or juvenile diabetes) I have to admit it isn't an easy haul for them.

As a matter of fact, it is a tough world out there not only for people living with diabetes, but also for those who are living with other diseases and disabilities.

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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...