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Europe at a Crossroads: Trump’s Stark Warning in Davos

                                              A lit up sign put up over Davos ahead of President Trumps arrival At the World Economic Forum in Davos, President Donald Trump delivered a pointed critique of Europe’s current trajectory, arguing that the continent is “heading in the wrong direction.” His remarks added a sharper edge to a summit already defined by global uncertainty and competing visions for the future. Trump’s comments focused on what he described as Europe’s economic stagnation, political fragmentation, and policy choices around migration and energy. He suggested that these decisions were weakening Europe’s long‑term stability and diminishing its global influence. Framing the issue in broader terms, he emphasized that global prosperity is closely tied to American economic strength, asserting that a strong United States remains essent...
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New CPP rules mean higher deductions and benefits for Canadians



Starting Monday, Canadians will see a change in their paycheques as the Canada Pension Plan (CPP) introduces a new earnings ceiling for higher-income earners.

The new ceiling, which applies to anyone earning more than $68,500 in 2024, is part of a broader pension revamp that began in 2019. The goal is to provide more financial support for Canadians after they retire, by increasing both the contributions and the benefits of the CPP.

Under the new rules, workers and employers will pay an additional four per cent on the amount they earn between $68,500 and $73,200. This means a maximum of $188 more in payroll deductions for 2024. Self-employed people will pay both portions, or eight per cent.

The trade-off is that Canadians will eventually receive higher payouts once they start collecting their pensions. The enhanced CPP is designed to replace one-third of a person’s eligible income, up from one-quarter under the old system.

The full effects of the CPP changes will take decades to materialize, so the youngest workers stand to gain the most. People retiring 40 years from now will see their income go up by more than 50 per cent compared to the current pension beneficiaries.

The CPP changes do not affect the eligibility criteria for retirement pension, post-retirement benefits, disability pension and survivor’s pension.


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