January 31, 2012
Canadians are being urged more than ever to start saving for retirement. A Bank of Montreal report says pensions are coming under growing pressure and more retirees don't have a guaranteed level of retirement income. Experts say Canadians must rely on their own ability to save and invest. The report was released as the Harper government considers changes to government pension programs. Prime Minister Harper told the Commons yesterday that changes are needed because the aging population threatens the viability of the programs.