What the Liberal Majority in Canada means for Retirees

On this week’s episode of More Than Money, Leanna Wachniak and Rob Gerrie discuss a new Statistics Canada report showing that 1 in 10 Canadians aged 55 and older who had retired were back at work in 2023, up from 7% in 2019, with most of that work being part-time. Then, they sit down with Lori Williams, Professor of Political Science at Mount Royal University, to talk about a major week in Canadian politics, including the Liberals securing a majority win in the by-elections and Mark Carney’s promise of more substance and less showboating. Next, Leanna and Rob are joined by Mario Canseco, President of Research Co., to explore why more Canadians are open to changes to the OAS system as concerns grow around affordability and Canada’s projected $78-billion deficit. To close the show, Leanna and Rob take a step back and look at the history of retirement. While retirement can feel like a natural part of life today, that has not always been the case.

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