With tariffs in full swing, Canadian retirees are panicking about what will happen to their savings in a trade war.
A report by Bloom Finance, a Canadian organization that helps retirees manage money, showed how U.S. President Donald Trump’s imposed tariffs have potentially altered the retirement landscape.
According to the survey, nearly 90 per cent of retirees are concerned about how a trade war will impact stashed savings, with 31 per cent convinced that mass financial consequences are around the corner.
Beyond this general metric of anxiety, those just entering retirement are now forced to contend with a new economic playing field.
“I think younger seniors feel more pressure and financial stress than those well into retirement. One issue is the fixed amount of savings, because you have a long retirement to stretch out all that has been saved. It comes down to simple math — you ideally have 30 years of retirement ahead of you, that’s a …