Good morning. Retirement decisions, trade deadlines and bankruptcy warnings that could derail your financial future — today's issue is about making sure your money is ready for what's coming.
On The Money Today:
The retirement move that costs tens of thousands more than people expect
The trade deadline that could reshape your portfolio
Why Musk's bankruptcy warning hits closer to home than most Canadians realize
Let's get into it.
For many Canadian retirees, the family home is their biggest asset — and downsizing feels like the obvious way to unlock it. But the gap between what you pocket on paper and what you actually walk away with can be substantial. Before you list, here's what the real cost of downsizing looks like in retirement.
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The Canada-U.S. trade deal hits a critical renewal deadline on July 1 — and the outcome could ripple through your investments, mortgage and cost of living. For Canadian retirees and investors, this isn't a distant policy headline. Here's what the CUSMA deadline actually means for your TFSA and RRSP.
When the world's wealthiest man says a country is headed for bankruptcy, it's worth paying attention — especially when Canada's own debt trajectory tells a similar story. For retirees and investors, the real question isn't whether the warning is overblown. It's whether your portfolio is built to hold up if it isn't.
ALSO MAKING THE ROUNDS TODAY
RETIREMENT: She has $750K saved and no debt, so why does her $35.5K emergency fund still feel like it's nowhere near enough for retirement?
NEWS: Ontario residents can now freeze their Equifax credit file for free — here's how to set it up before July 1.
MORTGAGES: The Ramsey Show breaks down why that TikTok HELOC mortgage hack is a bad deal and what Canadian homeowners should do instead to pay off their mortgage faster.
EMPLOYMENT: Microsoft and Uber hit an AI budget wall this spring, and what it means for Canadian workers worried about losing their jobs to tech is more complicated than the headlines suggest.
BUDGETING: Nearly half of Canadians say they'd be in debt within a month of losing their income — find out where you stand and what to do about it.
HAVE YOUR SAY
Are you planning to downsize your home in retirement?
That's a wrap for today! Before you go, we'd love to know what you thought of today's newsletter. Hit REPLY if you have more to share — we read every reply.
