Four stories in the news today, May 26

Four stories in the news today, May 26, from The Canadian Press:

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TFSA INCREASE NO BENEFIT TO MANY CANADIANS, POLL INDICATES

A survey suggests that about a third of Canadians don’t have the money to take advantage of new rules under which Ottawa almost doubled the amount that can be contributed each year to tax-free savings accounts. The poll done for CIBC found that roughly 34 per cent of respondents said they either didn’t have the money to take advantage of the new $10,000 limit or had other investment plans.

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CONSERVATIVE MP’s BILL TO FACE SENATE CRITICS

Conservative MP Michael Chong is expected to get a rough ride from some of his own caucus colleagues as he promotes his reform act at a Senate committee today.The act is billed as a way to rebalance power between members of Parliament and party leaders.

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HISTORIC FROST LEAVES SOME ONTARIO VINEYARDS IN A PINCH

Vineyard owners in parts of southern Ontario are assessing the damage from a record-breaking plunge into cold weather that some growers say has devastated their grape crops. Both Prince Edward County and the Niagara region were hit with unseasonably low temperatures over the weekend that sent farmers scrambling to prevent frost from killing their fruit.

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BITCOING FOR BOOKS; SIMON FRASER UNIVERSITY EMBRACES DIGITAL CURRENCY

A British Columbia university is now accepting the digital currency bitcoin at all of its bookstores, a move that staff claim is a first for Canadian post-secondary schools.Simon Fraser University has also announced that automated bitcoin vending machines will soon begin operating on campuses in Burnaby, Vancouver and Surrey. Moves National and Business, guard against duplication.

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The Canadian Press

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