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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
Russell Banner
Location
Russell, Manitoba, Canada
Date
Jul 07, 1998
Page
6
Former Chief Justice Alfred Monin, age 78, appointed to lead a judicial inquiry into 1995 Manitoba election improprieties. He vows open hearings and a full report by fall, defending due process and decorum while scrutinizing alleged Tory and NDP actions and possible false memory claims.
The piece surveys retirement savings shifts since the 1980s, noting limited RRSP uptake until mutual funds rose and aging homeowners seeking cash flow. It highlights pension inflation risk, poor yields on GICs and bonds, and a growing reverse mortgage market as seniors seek non repayable loans against home equity, stressing the difference from term loans.
Seniors, cash strapped and house rich, consider Canada's CHIP reverse mortgage offered by TD Bank and Royal Bank of Canada. Borrow up to 45 percent of home value, tax benefits apply, and funds may be spent or invested. Critics warn of estate erosion and debt growth as loans and interest accumulate.
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