Posthaste: This yawning pension gap is threatening the retirement security of millions of Canadians

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And a HOOPP survey in 2025 found 53 per cent of those without a plan had less than $5,000 saved for retirement.

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“Much work still lies ahead for governments, regulators, and private-sector leaders to return Canada to its place as home to one of the world’s top retirement income systems,” said Ambachtsheer and Mazer.

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TFSA vs. RRSP: A wealth-building series from the Financial Post

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It’s one of the most important — and sometimes confusing — savings decisions Canadians face, and the right answer depends on far more than a simple rule of thumb. The Financial Post series called TFSA vs. RRSP, breaks down the key questions in deciding between the two accounts, including mistakes to avoid and how to get the most bang for your buck. Read the series here.

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When is a drop in the unemployment rate not good news?

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When it falls for the wrong reasons.

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Canada’s economy lost 25,000 jobs last month, but the jobless rate fell from 6.8 per cent to 6.5 per cent, Statistics Canada said Friday.

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The key to this apparent discrepancy is a falling participation rate which declined by 0.4 percentage points to 65 per cent — the lowest since 2021.

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Fewer people were looking for work as the labour force shrank by 119,000 people, the most in five years.

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“The decline in the unemployment rate is therefore for the wrong reasons — a shrinking labour force rather than job creation. Combined with slower wage growth, the report underscores ongoing economic weakness,” said BofA Global Research.

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Do you know your TFSA from your RRSP? While both savings vehicles can help Canadians build wealth and plan for retirement, there are numerous differences in how they are structured. The Financial Post explains how each account works, who is eligible and how you can use them to save for the future. Find out more

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Interested in energy? The subscriber-only FP West: Energy Insider newsletter brings you exclusive reporting and in-depth analysis on  one of the country’s most important sectors.

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McLister on mortgages

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Want to learn more about mortgages? Mortgage strategist Robert McLister’s Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won’t want to miss. Plus check his mortgage rate page for Canada’s lowest national mortgage rates, updated daily.

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Financial Post on YouTube

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Visit the Financial Post’s YouTube channel for interviews with Canada’s leading experts in business, economics, housing, the energy sector and more.

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Today’s Posthaste was written by Pamela Heaven with additional reporting from Financial Post staff, The Canadian Press and Bloomberg.

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Have a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at [email protected].

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