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-0.00109289617486336 -0.00109289617486336 -0.00109289617486336 0.00765027322404375 0.0163934426229509 0.00546448087431702 -0.00109289617486336 0.00765027322404355
Stock impact report

Protect Your Retirement: Avoid These 2 Stocks Right Now [Yahoo! Finance Canada]

Bitfarms Ltd. (BITF) 
The Canada Pension Plan (CPP) and Old Age Security (OAS) are the foundation and backbone of Canada's retirement income system. Both pensions are for life, although they may not be sufficient for a comfortable retirement. The gap between the combined pensions and the actual costs of living continues to widen. To address longevity risk and reduce financial anxiety, many seniors invest in stocks to supplement their CPP and OAS benefits, aiming to fill the income gap . The federal government encourages Canadians to save and invest for retirement by offering the Registered Retirement Savings Plan (RRSP) and Tax-Free Savings Account (TFSA). However, protecting a retirement portfolio is paramount given that financial security is at stake. Losing money is not an option for those in the golden years. Stock selection is key if capital preservation and long-term income stability are the priorities. Some stocks are enticing options but are speculative bets and dividend traps. Wary investors Show less Read more
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