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Mark Carney to Announce Liberal Leadership Bid in Edmonton

  Mark Carney, the former governor of the Bank of Canada and the Bank of England, is set to officially launch his campaign for the leadership of Canada's Liberal Party on Thursday in Edmonton. This announcement comes after Carney's recent appearance on The Daily Show with Jon Stewart, where he hinted at his intentions. Carney's candidacy is expected to bring a fresh perspective to the Liberal Party, drawing on his extensive experience in both national and international finance. Despite Alberta being a Conservative stronghold, Carney's decision to launch his campaign in Edmonton highlights his roots in the province, where he grew up and attended high school. The Liberal Party will choose their next leader on March 9, with candidates required to declare their candidacy by January 23. Carney's entry into the race is anticipated to shake up the competition, as he is seen as a strong contender to succeed Prime Minister Justin Trudeau. Carney's campaign will focus on ...
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Canada Pension Plan: Everything You Need to Know

 


  • The Canada Pension Plan (CPP) is a monthly, taxable benefit designed to supplement your income during retirement.
  • CPP payments are not automatic — you must apply. To qualify you must: be at least 60 years old and have made at least one valid contribution to the CPP.
  • The amount of your retirement pension depends on different factors, such as the age you decide to start your pension, how much and for how long have you contributed to the CPP, and your average earnings throughout your working life.
  • In 2024, if you commence your pension at the age of 65, the highest monthly payout could be $1,364.60. The typical monthly payment for a new retirement pension initiated at age 65, as of October 2023, stood at $758.32.
  • CPP payments go out every month. The first payment of 2024 took place on January 29.
  • If you’re eligible for Canada’s pension plan, you could qualify for over $1,300 per month.
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