TD Bank hit with record US$3 billion fine over drug cartel money laundering
TD Bank will pay US$3 billion to settle charges that it failed to properly monitor money laundering by drug cartels, regulators announced Thursday.
A new poll suggests half of 18- to 50-year-olds in Canada who plan on having kids have delayed parenthood, with respondents citing reasons that include financial uncertainty, difficulties finding a partner and the cost of child care.
Researchers from Angus Reid Institute surveyed 1,300 child-free adults younger than 50 online between Sept. 12 and 18 about their plans for parenthood.
The research comes on the heels of a Statistics Canada release showing the country's fertility rate reached a new all-time low for the second consecutive year. The government agency announced late last month that the fertility rate was at 1.26 children per woman in 2023.
One in five respondents told the pollster they definitely plan on having at least one child, while one in three are considering it. Of those who plan to have a kid in the future -- 689 respondents -- 52 per cent said they would rather have had children already.
"One of the things that happens is we just keep delaying, and some of those people just never get around to having children," said Dave Korzinski, research director at the Angus Reid institute. It's important to understand and address their concerns, he added.
"So you could get that group in and start to boost up the fertility rate a little bit, even if you can't convince the people who say it's just not something that they want for their life."
Two in five of the respondents who plan to become parents said they delayed having kids because of concerns around financial security, while a similar percentage said they were waiting for the right partner.
Two-thirds of the 487 adults who don't plan on becoming parents say it's "just not something (they) want" for their lives, while a quarter cited the cost of child care as a contributing factor.
"You need to have a population that is repleting the one that is aging out of the workforce," Korzinski said.
That's in part to keep the economy going, he said, but also it's key for funding social programs for the elderly such as old age security and the Canada Pension Plan.
"The number of Canadians joining the 65-plus club is about six times higher than the number that are joining that zero to 14 population," Korzinski said. "So we really are skewed to an older population right now, and it does create some challenges for ensuring that we can provide a satisfactory standard of living."
Immigration is another way to address a shrinking workforce, but Korzinski pointed to a growing movement to limit the number of immigrants coming into Canada in a bid to curb the housing crisis. For instance, the federal government has promised to slash the number of international student visas it processes in the coming years.
The polling industry's professional body, the Canadian Research Insights Council, says online surveys cannot be assigned a margin of error because they do not randomly sample the population.
This report by The Canadian Press was first published Oct. 10, 2024.
TD Bank will pay US$3 billion to settle charges that it failed to properly monitor money laundering by drug cartels, regulators announced Thursday.
Milton made landfall as a Category 3 storm Wednesday night, causing widespread destruction and immobilizing critical infrastructure. The extent of the damage is not yet known.
Florida saw a record number of tornado warnings in a single day Wednesday. An expert says this phenomenon is not unheard of.
Several models of Fisher-Price infant swings have been recalled in Canada after the company received reports of fatalities link to affected products.
The hosts of ABC's 'The View' clapped back at Donald Trump on Thursday, a day after the Republican nominee for president insulted co-hosts Sunny Hostin and Whoopi Goldberg.
Conservative Leader Pierre Poilievre says that while his party backed a Bloc Quebecois motion seeking money to boost seniors' benefits, he thinks there are 'other ways' to address affordability for older Canadians.
Police north of Toronto have released video of what they’re describing as a violent, targeted robbery in Thornhill, where suspects boxed in the victim’s car and made off with a suitcase filled with cash.
Ethel Kennedy, the wife of Sen. Robert F. Kennedy who raised their 11 children after he was assassinated and remained dedicated to social causes and the family’s legacy for decades thereafter, died on Thursday, her family said. She was 96.
Air Canada pilots have given a green light to a tentative agreement with the airline, easing any fears of a future strike.
Jeff Warner from Aidie Creek Gardens in the northern Ontario community of Englehart has a passion for growing big pumpkins and his effort is paying off in more ways than one.
Saskatchewan’s Jessica Campbell has made hockey history, becoming the first ever female assistant coach in the National Hockey League (NHL).
Have you ever seen videos of hovercrafts online or on TV and thought, 'Wow, I wish I could ride one of those.' One Alberta man did, and then built his own.
A B.C. couple is getting desperate – and creative – in their search for their missing dog.
Videos of a meteor streaking across the skies of southern Ontario have surfaced and small bits of the outer space rock may have made it to land, one astronomy professor says.
A unique form of clouds made an appearance over the skies of Ottawa on Sunday evening.
Bernie Hicks, known as the ‘Batman of Amherst,’ always wanted to sit in a Batmobile until a kind stranger made it happen.
Bubi’s Awesome Eats, located on University Ave West took to social media to announce the closure on Friday.
Weeneebayko Area Health Authority and the Government of Ontario have awarded a $1.8 billion fixed-price contract to design, build and finance a new Far North hospital.