US EditionHow Donald Trump’s trade war is forcing Canadian seniors to make difficult choices
- The trade war initiated by U.S. President Donald Trump has caused significant losses for retirement-age Canadians, with one woman reporting a drop of about $172,000 in her investment portfolio.
- Ottawa police report that scammers are exploiting market anxiety, leading to approximately $1.5 million lost by victims in a gold scam.
- Gow stresses the need for seniors to prepare for market volatility, as the limited time before retirement pressures them to rebuild their investments rapidly.
8 Articles
8 Articles
Trump turmoil forcing this retiree back to work
Canadians approaching retirement age are among those most vulnerable to market volatility caused by U.S. President Donald Trump's trade war, with one Ottawa grandmother contemplating a return to work to compensate for her recent losses.
Global News
hoffeldt.netHow Donald Trump’s trade war is forcing Canadian seniors to make difficult choices
Many Canadian seniors say the recent turmoil on global financial markets caused by Donald Trump's trade war if forcing them into making difficult choices.
Trump’s Trade War Is a Political Dilemma for Democrats
Donald Trump is hoping his tariffs will goad his liberal opponents into touting free trade and scoffing at the working class. Democrats don’t have to take the bait. President Donald Trump speaking in the Rose Garden at the White House on April 2, 2025, in Washington, DC. (Chip Somodevilla / Getty Images) To tariff or not to tariff? Today’s tweet-length political discourse pretends this is a binary choice. President Donald Trump has pitched acro…
Canadian Retirees: Big CPP, GIS, and OAS Changes as Trade Tensions Hit Home
Are you retiring in Canada in 2025? It’s a bit of a tricky time! Prices for everyday things are going up. Global trade isn’t always smooth sailing. These things can squeeze your budget. But hey, there’s some good news, too! Our government has made some changes to retirement programs, like the Canada Pension Plan (CPP), Old Age Security (OAS), and the Guaranteed Income Supplement (GIS). Knowing about these updates is key to keeping your finances …
How Donald Trumps trade war is forcing Canadian seniors to make difficult choices
The recent turmoil on global financial markets, combined with the unpredictability of U.S. President Donald Trump and his tariffs, is wreaking havoc on the lives of many Canadian seniors. With many on fixed incomes and facing shrinking savings, their ability to afford necessities like groceries, rent and medications is being eroded, forcing some seniors to make difficult choices. “Right now, the increased cost of living, buying groceries and pay…
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