The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
The great Canadian car ripoff
CBC News looks at how much more Canadian-built cars cost here in Canada than in the United States. For more expensive vehicles, the difference can be many thousands of dollars.
In this follow-up, CBC shows how the car companies have tried to crack down on U.S. dealers selling to Canadians.
Who needs to own a car, anyway?
Toronto Life finds car sharing services like Zipcar and Car2Go are taking off in the city, and even traditional rental firms like Hertz re-experimenting with short-term, self-serve rentals. Young, urban condo dwellers are said to be a big part of the trend, which suggests sound financial thinking. In my new book, How Not To Move Back In With Your Parents, I recommend young adults economize by foregoing car ownership as long as possible.
How to stay cool cheaply
Tips for keeping your hydro bill manageable while running your air conditioner this summer.
Global pension pileup
This infographic shows how longer lifespans are putting pressure on the finances of governments paying old age pensions. One solution is to do what the federal government did in its last budget - phase in an increase in the age for receiving Old Age Security to 67 from 65.
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