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Canadians now expect to need $1.7M in order to retire: BMO survey

Canadians now believe they need $1.7 million in savings in order to retire, a 20 per cent increase from 2020, according to a new BMO survey. The eye-watering figure is the largest sum since BMO first started surveying Canadians about their retirement expectations 13 years ago.

Canadians now believe they need $1.7 million in savings in order to retire, a 20 per cent increase from 2020, according to a new BMO survey. A man looks over a brochures offering various retirement savings options Friday, February 3, 2012 in Montreal. (THE CANADIAN PRESS/Ryan Remiorz)

Quake deaths pass 5,000 as Turkiye, Syria seek survivors

Search teams and emergency aid from around the world poured into Turkiye and Syria on Tuesday as rescuers working in freezing temperatures dug, sometimes with their bare hands, through the remains of buildings flattened by a magnitude 7.8 earthquake. The death toll soared above 5,000 and was still expected to rise.

Emergency teams search for people in the rubble of a destroyed building in Adana, southern Turkiye, Feb. 7, 2023. (AP Photo/Hussein Malla)