It's Friday, Oct. 23. Here are the top stories we're following today.
Diesel is at record highs. Why won't Canada build more refineries?
Truckers and farmers paying record prices for diesel this fall have been asking a reasonable question: if Canada has so much oil, why can't it make more of its own fuel?
Rogers blames wireless revenue decline on CRTC fee ban
Rogers Communications Inc. said the decline in its wireless service revenue is mainly due to lower fee revenues as a result of the Canadian Radio-television and Telecommunications Commission's decision to eliminate activation and modification fees.
Canada's banks are charging unclear fees that discourage competition, says consumer watchdog
The Financial Consumer Agency of Canada, which is responsible for protecting the rights of Canadian consumers of financial products and services, said that banks need to be more transparent about the fees they charge and provide more personalized information.
Canada retail sales come in slightly softer than expectations
Retail sales in Canada were a tick softer than expected in August, rising 1.2 per cent month over month to $74.6 billion. Sales climbed in all nine subsectors, according to new Statistics Canada data on Friday. Economists had predicted sales would rise by 1.3 per cent.
Should a divorced mother with little savings prioritize RRSPs over other savings strategies?
FP Answers: It's not as clear-cut an answer when it comes to saving for retirement. The standard strategy is to maximize your registered retirement savings plan first, then your tax-free savings account, followed by non-registered investments. That is the best or the worst advice you can follow. It's all dependent on how you manage your money.
