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By MoneySense Staff on July 30, 2013
Estimated reading time: 1 minute

How not to fund retirement

By MoneySense Staff on July 30, 2013
Estimated reading time: 1 minute

Woman, 78, defrauds the feds of $151K in pension money, why introverts make better investors, Zara Home coming to Canada and more.

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A Windsor, Ont. woman has pleaded guilty to defrauding the federal government of more than $151,000 in CPP and OAS payments over 14 years. The unnamed woman must repay the money obtained with forged documents. She also received a 12-month conditional sentence and 12 months of probation.
In its first-ever Canadian Investor Survey, released Tuesday, BlackRock Canada warned retirement savers their nest eggs may have to last 25 years or more.
Introverts tend to be better investors than extroverts because they are less likely to be impulsive, a new study by academics at the Kellogg School of Management suggests.
Cheap and chic home decor appears to be a growing retail trend in Canada, first with the arrival of Target and now Zara Home coming to Ontario later this summer. The Yorkdale Shopping Center location will stock bedding, table and bath linens, furniture, tablewear, cutlery as well as home designs for children. A second location will also open in Laval Quebec.

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