Latest news with #Embark
Yahoo
30-05-2025
- Business
- Yahoo
Posthaste: U.S.-Canada trade war getting in the way of RESP contributions
The Canada-United States trade war is affecting anxious Canadian parents' ability to save for their children's education, according to a new study by registered education savings plan (RESP) provider Embark Student Corp. Almost two-thirds of parents are concerned about trade tensions and nearly half said it has impacted their ability to save for their child's education, according to the survey of 1,000 parents with children under the age of five. And 60 per cent said it has changed how they approach savings and 55 per cent said it has impacted their investment strategies. These tariff anxieties are only adding to the mounting challenges facing new parents today, including a lack of sleep and the rising cost of education. Almost 80 per cent of parents said they are regularly woken up by their children, with 41 per cent indicating they are getting six or fewer hours of sleep per night and 37 per cent admitted to making financial decisions they regretted while being sleep-deprived. 'This survey shows that new parents are facing a perfect storm: a lack of sleep, everyday challenges of raising young children, rising costs, and now, trade tensions,' Andrew Lo, chief executive of Embark, said in a press release. The most common reason parents gave for not opening an RESP was not having enough money, followed by fear of their financial situation changing and worries about having to make regular contributions. Rising education costs have increased the challenge. Children born in 2024 are projected to pay 36 per cent more compared to today, according to Embark's estimates. However, 82 per cent still consider their child's education a top priority, ranking higher than the 77 per cent who said paying down debt and the 72 per cent who said saving for retirement were a top priority. A majority of the parents surveyed spend a lot of time thinking about how they'll pay for post-secondary education and wish they had more knowledge about saving and investing for it. Lo recommended shifting from a 'saving is impossible' to an 'every little bit counts' mindset to navigate economic uncertainty. 'It's easy to get discouraged by market volatility, but even contributing a little each month to your child's RESP can make a big difference over time,' he said. 'Government grants alone can match up to 20 per cent of your RESP contributions, delivering immediate value before factoring in compound growth and investment gains.' But the outlook is gloomy for many Canadian parents, with 67 per cent believing it's difficult to balance their family's current needs with their long-term financial goals and 21 per cent who think Canada-U.S. trade relations have permanently changed for the worse. to get Posthaste delivered straight to your U.S. economy shrank at the start of the year, restrained by weaker consumer spending and an even bigger impact from trade than initially reported. Gross domestic product decreased at a 0.2 per cent annualized pace in the first quarter, the second estimate from the Bureau of Economic Analysis showed Thursday. That compared with an initially reported 0.3 per cent decline. The economy's primary growth engine — consumer spending — advanced 1.2 per cent, down from an initial estimate of 1.8 per cent and the weakest pace in almost two years. Meantime, net exports subtracted nearly five percentage points from the GDP calculation, slightly more than the first projection and the largest on record. The slight upward revision in GDP reflected stronger business investment and a greater accumulation of inventories. Federal government spending wasn't as much of a drag as originally reported. — Bloomberg Today's Data: Canada real GDP for the first quarter, monthly real GDP for March, Ottawa's fiscal monitor for March, United States personal income and consumption for April, advance economic indicators report for April and University of Michigan consumer sentiment index for May Earnings: Lowe's Cos. Inc., Laurentian Bank of Canada, Canopy Growth Corp. Trump's move to block foreign students from Harvard sends shockwaves within Canadian circles David Rosenberg: Latest labour data shows Canadians are begging the Bank of Canada for renewed rate relief Noah Solomon: You can't always get what you want — the tariff rendition How spousal RRSPs can reduce taxes without getting you in trouble Summer often ushers in a more carefree financial attitude, but with lingering higher interest rates and the current geopolitical climate affecting household budgets, funds for summer fun might be limited, especially when also dealing with debt. When you are feeling financial strain, typical trips involving travel, lodging, and daily expenses might seem unrealistic. However, with careful planning and a focus on budget-friendly choices, a memorable summer without overspending is possible, writes Mary Castillo. Find out more. Are you worried about having enough for retirement? Do you need to adjust your portfolio? Are you starting out or making a change and wondering how to build wealth? Are you trying to make ends meet? Drop us a line at wealth@ with your contact info and the gist of your problem and we'll find some experts to help you out while writing a Family Finance story about it (we'll keep your name out of it, of course). Want to learn more about mortgages? Mortgage strategist Robert McLister's Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won't want to miss. Plus check his mortgage rate page for Canada's lowest national mortgage rates, updated daily. Visit the Financial Post's YouTube channel for interviews with Canada's leading experts in business, economics, housing, the energy sector and more. Today's Posthaste was written by Noella Ovid with additional reporting from Financial Post staff, The Canadian Press and Bloomberg. Have a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at posthaste@ How Canada and Mexico could grow trade amid U.S. tariff fallout 'Buy Canadian' boosts beauty business. Will tariffs end up reversing that?
Cision Canada
29-05-2025
- Business
- Cision Canada
Half of Canadian parents' ability to save for education impacted in the wake of Canada-U.S. trade tensions
A national survey reveals current economic challenges have created the perfect storm for many new families currently struggling to stay afloat. TORONTO, May 29, 2025 /CNW/ - A new survey from Embark, a leading provider of Registered Education Savings Plans (RESPs), reveals that Canadian parents with young children are increasingly concerned about Canada-U.S. trade tensions and economic uncertainty, which has affected their approach to saving and their ability to save for their children's education. The poll, which highlights the significant pressures parents with kids under the age of five face in Canada, found two-thirds (66%) of parents were concerned about Canada-U.S. trade tensions, with 60% claiming that it has changed their approach to savings. Roughly half went one step further, mentioning that tensions have affected their investment strategies (55%) and their ability to save for their child's education (49%). "This survey shows that new parents are facing a perfect storm: a lack of sleep, everyday challenges of raising young children, rising costs, and now, trade tensions," said Andrew Lo, President and CEO of Embark. "It's easy to get discouraged by market volatility, but even contributing a little each month to your child's RESP can make a big difference over time. Government grants alone can match up to 20% of your RESP contributions, delivering immediate value before factoring in compound growth and investment gains. Mounting Challenges of Early Parenthood For many new parents, tariff anxieties are only adding to the already mounting challenges of parenthood, including a lack of sleep, financial roadblocks to investing, and the rising cost of education. The survey found that 79% of parents with young children are regularly woken up by their kids, with 41% stating they are chronically sleep deprived (getting six or fewer hours of sleep per night). This exhaustion not only affects physical and emotional well-being but also their ability to make sound financial decisions. Over a third (37%) of tired and stressed parents admitted to regretting financial choices made while sleep deprived. When asked what roadblocks parents face when considering opening a RESP, 32% of parents said they do not have enough money to contribute to one, while 27% fear their financial situation may change, and 19% worry about having to make regular contributions. Additional Findings The survey also found: 32% of parents think Canada-U.S. trade will get a bit better but won't go completely back to normal and 21% believe that things will permanently change for the worse. A little over two-thirds of parents (67%) believe it's difficult to find the time and energy to focus on both their family's current needs and long-term financial goals. With the cost of education steadily increasing, 60% of parents worry they won't be able to afford the rising cost of education. Embark estimates that children born in 2024 are projected to pay 36% more compared to today[i]. Saving for their child's education is a top financial priority for 82% of parents—ranking higher than paying down debt (77%) or saving for retirement (72%). Nearly two-thirds (63%) also say they spend a lot of time thinking about how they'll afford post-secondary education, and 70% wish they had more knowledge about saving and investing for it. Planning Through Stress and Uncertainty While parents overwhelmingly (90%) see value in post-secondary education for their kids, many are not taking advantage of RESPs, leaving valuable government grants untapped. The survey found that only 52% of parents with children under five are actively saving for their child's education using a dedicated account. Lo recommends families consider these four tips to navigate economic uncertainty: Shift from "saving is impossible" to "every little bit counts." Starting early, even with small contributions, can unlock a world of opportunity and ensure that every child has a chance to pursue their dreams. Learn more about how your savings can grow by using our free online RESP calculator. Don't miss out on free money. While it's a natural reaction to pull back in a challenging economic environment, this is exactly the time when parents should maximize valuable years of government grants and compound interest to add more to their savings. Opening a RESP online takes just 8 minutes. Treat RESP as a long-term savings vehicle. It can be easy to get overwhelmed by a volatile market but a well-designed RESP should be resilient through short-term market fluctuations, maximize growth potential in the early years and reduce risk as school approaches. Learn more about our Glidepath strategy here. Now is the time when risk matters. In uncertain markets, risk matters. Think about how you can strike a balance between growth and protection. RESPs offer exceptional value—you get up to an additional 20% on your savings before factoring in investment returns. Regularly saving can also smooth risk over time through dollar-cost averaging. To learn more about how Embark can help you save for your child's education, go to About Embark Student Corp. Embark is Canada's education savings and planning company. With $6.6 billion in assets under management, the company is committed to empowering families along their post-secondary journeys, giving them the resources and tools they need to better save for all that comes with an education. Registered as a Scholarship Plan Dealer across Canada, the company manages almost 600,000 RESPs. Last year students withdrew over $663 million to help pay for their education with an Embark plan. Burson used the Leger Opinion online panel to survey 1,000 Canadian parents with children under the age of five. The survey was completed between April 30 and May 6, 2025. No margin of error can be associated with a non-probability sample (i.e., a web panel in this case). For comparative purposes, a probability sample of 1,000 respondents would have a margin of error of ±3%, 19 times out of 20.
Forbes
05-05-2025
- Entertainment
- Forbes
The ‘ARC Raiders' Alpha Gained Players Nearly Every Single Day
ARC Raiders The second Closed Alpha test of ARC Raiders got a lot of attention this week as word spread about the new extraction shooter. That positive word of mouth led to a significant achievement, an increase in the number of players every day minus a tiny tick down last night, reflecting glowing sentiments about the game and also more codes being issued over time. ARC Raiders will be a new entry in the extraction genre releasing some time this year, it's claimed. But after experiencing the Alpha it seems pretty close to ready at this point, and many are predicting developer Embark may pull off another shadow drop this summer like they did with The Finals, their other PvP game that you may not realize has in fact maintained a solidly consistent playercount over time. Arc Raiders Pretty quickly, ARC Raiders demonstrated how it was a somewhat less hardcore, but appealing version of Tarkov with traditional extraction elements ranging from crafting to home base upgrades. The game itself features harrowing robotic PvE enemies, including one hulking boss that was only defeated 58 times total as tens of thousands of players played the Alpha. And of course, there are plenty of PvP fights as well, the core of the experience and there have been some pretty funny clips already from the test. What stood out most to me as I played was the sound design, relying more heavily than most other games I've ever played on footsteps, gunfire and often looting, prying open extremely loud containers or setting off blaring alarms when looting big drops. Yes, other games have this but it's also how it sounds. I've never been so terrified of cracking gunfire nearby or grit my teeth as hard as when I'm jamming a crowbar into a screaming rusted box. FEATURED | Frase ByForbes™ Unscramble The Anagram To Reveal The Phrase Pinpoint By Linkedin Guess The Category Queens By Linkedin Crown Each Region Crossclimb By Linkedin Unlock A Trivia Ladder Yes, all this is inevitably leading to the performance of the game versus Marathon, another high profile extraction shooter that has been running a Closed Alpha simultaneously, though a game that is obviously far less finished than ARC. It was a stark contrast in reception, and Bungie's new shooter lacked many of the extraction elements fans of that genre want, Alpha or not, while also feeling somewhat inaccessible to new players, especially those hoping to play solo. More than ARC, anyway. As such, the Marathon Closed Alpha lost PC players every day, the inverse of ARC, though some of that may be due to the somewhat inexplicable decision to barely give out new codes despite always promising more. There are still too many unknowns to know what will happen with Marathon, but ARC? ARC seems destined to be at least some level of genre hit. I am not expecting insane numbers or the ability to dethrone Tarkov. But if it settles into a Finals cadence, I think Embark would be just fine with that. Follow me on Twitter, YouTube, Bluesky and Instagram. Pick up my sci-fi novels the Herokiller series and The Earthborn Trilogy.
Associated Press
28-03-2025
- Business
- Associated Press
Embassy Group Launches India's Only Integrated GCC Platform - ‘EMBARK'
A Complete Solution for Establishing and Scaling Global Capability Centers in India BENGALURU, India, March 28, 2025 /PRNewswire/ -- Embassy Group, one of India's leading real estate and business ecosystem developers, today announced the launch of Embark, the country's first fully integrated platform designed to enable and accelerate the establishment of Global Capability Centers (GCCs). As a one-stop execution partner, Embark will provide a seamless, end-to-end solution to help global enterprises Design, Execute and Evolve their India GCCs with ease. India has established itself as the GCC Capital of the World, with over 1,700 GCCs and 400+ new entrants in the last five years. This dynamic landscape is driving high-impact strategic work and serving as a global integrated extension of corporate headquarters with more than 6,500 global roles based in India. Coupled with this, India offers the perfect foundation for GCCs to flourish—boasting the world's largest STEM talent pool, thriving tech and R&D ecosystem, cost advantages, and robust macroeconomic environment. However, setting up and integrating a world-class hub can be a complex process, requiring deep expertise across talent acquisition, organisational design and culture, real estate, compliance and operational excellence — a gap that Embark aims to bridge with a strategic, hands-on approach led by a team of practitioners. Jitu Virwani, Chairman & Managing Director, Embassy Group, said, 'With Embark, our goal is simple – to transform the GCC set up experience in India, by providing companies with a seamless, strategic as well as execution-focused platform that removes complexity and accelerates success. This new vertical is a natural extension of Embassy Group's legacy – we have been building and managing world-class workspaces for leading global companies for over 30 years. Now, with Embark, we go beyond infrastructure to deliver a fully integrated GCC platform, which will make the entry as well as evolution for global enterprises an effortless experience. This new venture is backed by a seasoned leadership team with end-to-end expertise to deliver tailor-made, high-impact GCC solutions.' EMBARK: A complete solution – from Concept to Impact, seamlessly executed As the only integrated platform of its kind, Embark provides a turnkey solution for establishing GCCs, offering: Strategy & Design – Vision alignment, Location strategy, Organizational design India Entry & Operations – Compliance (set-up, HR, legal, finance), Infrastructure (office space, facility & IT services), Accelerated hiring, Cultural integration as well as Workforce management Evolution for long-term success – Transformation advisory, Future-ready workforce, and Operational excellence Embassy Group has been a pioneer in Indian real estate, and real estate is an integral part of Embark's offering. Furthermore, Embark will leverage WeWork India Management Limited's ('WeWork India')' expertise to deliver high quality managed office solutions. With over three-decade-long experience in creating and managing premium business environments for Fortune 500 companies, global tech firms, and innovation-driven enterprises, Embassy Group provides the full ecosystem that global executives and teams need to thrive in India. Its diversified portfolio spans 54+ million square feet of commercial real estate, 45 million square feet of residential developments, co-working and managed office solutions, premium hospitality & co-living spaces, end-to-end facility management, and education —cementing its reputation as a real estate powerhouse. By leveraging its local expertise, industry partnerships, and deep insights, Embark aims to redefine the way global businesses enter and scale in India—creating a seamless, efficient, and highly successful GCC expansion journey. Media Contact: Sera Rishad Minocher | [email protected] About Embassy Group Embassy Group is a leading real estate developer. The over 75 million sq. ft. of commercial, residential, industrial and warehousing, hospitality, services, retail, and education spaces we have delivered and manage emphasise high standards of quality, world-class services, environmental management, and safety. Founded in 1993, our operations now span the Indian and international markets of Bengaluru, Chennai, Thiruvananthapuram, Mumbai, Pune, the NCR, Serbia, and more. Our 21 million sq. ft. of ready residential developments encompass branded residences, uber-luxury villas, exclusive villaments, sky condominiums, integrated developments, senior living, and contemporary homes. Embassy was a sponsor of India's first publicly listed and Asia Pacific's largest Real Estate Investment Trust (REIT). Further information is available at
Yahoo
09-02-2025
- Yahoo
Silver Alert issued for missing 83-year old man
OKLAHOMA CITY(KFOR)- Oklahoma City Police Department issued a Silver alert early Sunday morning for a missing 83-year old man. According to police, Charles Smith was last seen wearing an Embark jacket, blue shirt, and tan pants. Smith is 5'8″ and weights around 204 pounds. Smith was last seen February 8th around 10:00 a.m. in the 2500 block of SE 48th St. Smith was driving a 2016 black Chevrolet Malibu. It is reported that Smith suffers from dementia. Please call 911 or 405-231-2121 with any information regarding Mr. Smith's location KFOR will update as more information arrives. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
