How Canadians can create a financial storm shelter to prepare for a possible recession

How Canadians can create a financial storm shelter to prepare for a possible recession

A myriad of challenges have been plaguing Canadians' personal finances, from the high cost of living to the global trade war that has roiled markets and the economy. It likely has some asking how they can better safeguard — or even recession-proof — their finances.

What to do if your employer is in financial trouble - MoneySense

Among the Canadians that lose their jobs every year are many that face a twist: it isn’t just their employment vanishing but also the company they work for.  Whether the wind down is because the owners are simply giving up the business or, like 355-year-old department store chain Hudson’s Bay, have not been able to handle its debt, the disappearance of an employer brings extra difficulties to the unemployment process.  “It’s absolutely a bit mor…

There are many challenges to the personal finances of Canadians, ranging from the high cost of living to the global trade war that has shaken markets and the economy. Some may wonder how to better protect their finances or even shelter them from the recession. Experts say that if there is no miracle solution, there are several ways to better position themselves to cope with economic storms. "People don't know what to do with their finances, how …