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Canadian Economy and Markets

The recent turmoil on global financial markets, combined with the unpredictability of U.S. President Donald Trump and his tariffs, is wreaking havoc on the lives of many Canadian seniors.

With many on fixed incomes and facing shrinking savings, their ability to afford necessities like groceries, rent and medications is being eroded, forcing some seniors to make difficult choices.

“Right now, the increased cost of living, buying groceries and paying rent, a mortgage, electricity, utilities, that type of thing is getting more and more expensive,” said Suzanne Tredger, who for the last 10 years have been living off the investments she made earlier in life.

“It gets a little tighter every month. Then with the tariffs and the stock market going insane, bouncing up and down — it’s scary,” added Tredger.

Tredger shares a home with her daughter — who is able to help with some of the expenses – but she too is trying to save …

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