News of the day: Cottage country gentrification, Bank of Canada's economic dilemma, student loan forgiveness, all

It’s Wednesday, June 24. Here are the top stories we’re following today.

‘Horrified’ by the gentrification: Carve-up of pristine Ontario cottage country island pits old money against new

Developers are targeting large properties that have been in families for generations as they look to cater to the uber-wealthy while local cottagers and government try to fight back.

Weak economy, rising inflation presented a dilemma for Bank of Canada’s latest rate setting decision, deliberations show

Canada’s sluggish economy and rising inflation remained top of mind for the Bank of Canada’s governing council when the bank made its most recent decision on interest rates this month.

Student wins in court against CRA and avoids tax on student loan forgiveness

Depending on your province of residence, you may be eligible to have some of your student debt forgiven by your provincial government, writes Jamie Golombek. But is the amount of student debt forgiven considered to be taxable income?

Is a $740,000 all-equity portfolio enough for Jasmine and Terry to retire early?

Jasmine and Terry’s retirement plans have ‘no margin of safety,’ expert says. Here are some trade-offs to consider.

Why Uber drivers in Victoria will come to regret joining a union

Uber drivers will soon realize the mistake they made, giving up a portion of every pay cheque to dues and, most importantly, handing over their legal rights to the union, writes Howard Levitt.