Extendicare Inc. is expanding its presence in Ontario and Saskatchewan with a series of acquisitions and developments, including the purchase of three retirement communities in deals announced on Wednesday.
Under the strain of student debt, an uncertain economy, and poor budgeting skills, adult children are turning to the 'bank of mum and dad' for help – and the burden is draining their parents' finances, a new poll says.
Canadians are saving enough and are reasonably well-prepared for life after work, said a report Thursday by the C.D. Howe Institute, which challenges some of the common assumptions about retirement planning.
Two thirds of Canadians say their biggest concern as they get older is their health, but less than a quarter report that they've planned or saved up for health costs in retirement, according to a survey conducted for Sun Life Financial.