A few years ago, a typical date night for David Yarranton would often involve dinner and cocktails at a trendy restaurant.
But with the cost of living on the rise, the 27-year-old is getting creative. He still enjoys a night out at, but is just as happy to whip up a meal at home or get outside for an afternoon of ice skating and hot chocolate.
“I find that’s equally effective for getting to know someone, without necessarily breaking the bank,” said Yarranton, who lives in Calgary.
The balancing act — between impressing a potential sweetheart and staying on budget (without coming across as cheap) — has always been a part of dating. But with inflation on the rise, it’s getting trickier to strike.
Taking a new love out for dinner costs about eight per cent more than it did last year, according to October numbers from Statistics Canada. Extending the evening with drinks at the bar means coughing up about another four per cent relative to 2021 — on top of the already higher everyday costs of rent and groceries.
That’s left some putting off scheduling dates altogether, while others are keeping their date nights simple by suggesting casual activities rather than elaborate ones, according to recent user surveys from the dating platforms Dating.com, Plenty of Fish and Bumble.
Casual dates gain popularity
The trend away from “fancy” dates and toward more casual ones has shown up in Bree Woolard’s dating life this year.
The 24-year-old, who recently moved from Toronto to Calgary, is about 30 dates into a “50 First Dates” challenge: a self-imposed TikTok experiment intended to help her meet new people in the wake of a breakup.
Whether it’s due to rising inflation or the change in locale (or a bit of both), she’s noticed the types of dates she’s been invited on has shifted in recent months, with fewer dinners out and a lot more hikes.
There have also been some awkward money moments along the way, such as the time a date brought Woolard to a fancy restaurant where she ended up unexpectedly footing the bill.
“We still had a great time,” said Woolard.
“But I think going forward it’s important — more today than it used to be — to have that conversation up front and say, ‘Hey, I’m just on a budget,’ or, ‘Hey, I’m trying to save costs this month … can we do something different?'”
‘A barometer for the consumer’
Before ever setting foot on a date, some budget-conscious singles are also saving money by pulling back what they spend on dating apps and websites.
Revenues at Plenty of Fish, for example, have been affected by “deteriorating economic conditions,” according to a recent earnings letter from the company Match Group, which also owns Tinder, Hinge and a variety of other dating apps and websites. Other “established” brands, like Match and OkCupid, also saw declines this quarter, the letter said.
Inflation has also affected some of these platforms’ “à la carte” offerings, said the company’s chief financial officer during a recent Nasdaq investor conference. In dating app lingo, this could mean, for example, the option to pay money to boost one’s dating profile and get it in front of more people.
“People, they read in the press about layoffs, they read about recession, they’re getting more nervous, and so we’re seeing some pullback,” said Gary Swidler, who is both the COO and CFO of Match Group, and who said this is more common among some demographics, such as younger users. “We are a barometer for the consumer to some extent.”
Bumble Inc., for its part, has told investors it sees an opportunity in the current economic environment: to position the app as way to find a potential match more cheaply than hitting a bar and hoping for the best.
“Our weekly boost subscription costs less than a beer at a New York City bar, and the expense of going on multiple dates in a week really adds up quickly,” said CEO Whitney Wolfe Herd on a recent third-quarter earnings call.
“We’re leaning into this both from a product and marketing perspective.”
Talking money, early
One possible downside of dating on a budget is it can spell tension for couples if they aren’t on the same page about it, says Adam Galovan, who studies couple relationships at the University of Alberta in Edmonton.
“It can be challenging when you have certain expectations, and when you have these costs and periods of inflation when maybe you’re not going out to places that are quite as nice,” said Galovan, an associate professor of family science in the university’s department of human ecology.
And while finances are a common area of tension in any relationship, Galovan noted it can be particularly tricky to navigate in the early stages.
“I’m a big proponent of communicating and talking through things,” said Galovan.
“But in the dating scene, sometimes you’re trying to impress or put the best foot forward, and so those conversations may be a little bit hard to have initially.”
Difficult conversations notwithstanding, anthropologist Helen Fisher believes an openness toward inexpensive outings is, to some degree, a reflection of greater maturity on the part of daters and part of what she describes as a trend toward “smart dating.”
Still courting, but trimming back
Fisher, who is also Match’s chief science advisor, is part of an annual research project commissioned by the dating platform that surveys singles across the U.S.
This year, it found a greater share of respondents expressed a preference for casual dates, and a vast majority listed similar attitudes about debt and spending as important traits in a partner.
A growing number said they were also more open to doing free activities on dates, or going somewhere close to home to save money on gas. Compared to previous years, a larger number said they were also taking video calls with potential suitors before spending money and energy on an in-person date, Fisher said.
“People are still courting, but they are trimming back to save money, no question about it,” said Fisher, who believes the trends in her study also apply to Canada and other urbanized countries.
“They’re less interested in what you look like and more interested in whether you are financially stable.”
As for Bree Woolard, she’s still got nearly 20 dates left to go — but is taking a temporary breather to give her brain, her heart and her wallet a bit of a break.
“Christmas … is a lot of cost, so I’m focusing on where do I want to spend that? It’s mainly with friends and family,” she said.
“I think you have to be in the right mindset to date, so [I’m] waiting till I feel that again.”
Yarranton, for his part, has started seeing someone more regularly. And while part of the early-relationship fun is in planning special trips and outings together, he said these days he’s taking care to plan and budget in advance.
“I don’t think [inflation] should keep you from living your life,” he said.
“You just have to be a bit more intentional about where you’re putting your money.”
Canadian soccer player describes the horror of the earthquake in Turkey
Canadian soccer player Sam Adekugbe is one of the lucky ones. He managed to escape earthquake-ravaged Antakya in Turkey.
Some of his teammates and staff at his club Hatayspor are still missing.
The 28-year-old from Calgary is now safe in Istanbul with Canada captain Atiba Hutchinson, who plays in the Turkish Super Lig for Besiktas. But in a Zoom call Wednesday sitting next to Hutchinson, a sombre Adekugbe told a harrowing tale of being caught in the quake — and the horror of what he saw in the aftermath.
“Unfathomable. Something you never really expect,” said Adekugbe, who looked shell-shocked.
Adekugbe was relaxing at home with some teammates after a 1-0 win over visiting Kasimpasa in a Turkish league game Sunday evening. The quake began as he started cleaning up his home when they left.
He started shaking, which initially made him think he was having a panic attack. Then the furniture and TV began to tip over and cups and dishes smashed in the kitchen.
He went outside to find the road split and people yelling amid freezing rain and lighting strikes. After witnessing the damage around his home, he drove the 20 minutes to the team training ground, seeing the devastation along the way.
“It just felt like a movie. You’re seeing collapsed buildings, fires. People yelling, people crying,” he said. “People digging through the rubble. Broken pieces of houses. Just things you never really expect.”
It got worse the closer he got to the centre of the city, which is located 1,100 kilometres southeast of Istanbul in a region bordered by the Mediterranean and Syria.
“Roads split. Bridges broken. Twelve-storey highrises just completely collapsed. Families looking for loved ones. Parents looking for their kids. Kids looking for their parents. It was just something unfathomable. Something you never really expect.”
Adekugbe says people are still missing, including the team’s sporting director, Taner Savut. There is confusion over the whereabouts of Ghana international Christian Atsu, who was at Adekugbe’s home that night.
Reports of Atsu being rescued are now in doubt, said Adekugbe, who joined the search for survivors after getting to the training ground.
“It’s also people who work around the team,” Adekugbe said.
He says one of the team’s equipment men died in the quake. So did the daughters and mother of a woman who works in the team kitchen.
The wife of another equipment man needs urgent medical attention, facing having her arm amputated if she doesn’t get it.
“Of course I’m thankful that a lot of my teammates have been found. But the people that do help the team, the people who work around the club, they still have loved ones that are missing and unaccounted for. Really it starts to hit home when you just see the agony, the desperation on their faces,” he said.
In the light of day, the horror grew.
“You’re looking through rubble trying to find your teammates. You’re trying to yell for them in like darkened spaces of apartments that used to be standing,” Adekugbe said. “It’s just something you never find yourself doing. People coming back with broken bones. People still missing to this day. It’s something you can’t really explain.”
Adekugbe and some of his teammates managed to get out thanks to his coach, Volkan Demirel, who used to play for Fenerbahce, another Turkish club based in Istanbul. He called the Fenerbahce president who organized a plane departing from a city about a 150-minute drive away.
Adekugbe and other Hatayspor players and staff were bused to the waiting plane, which took them to Istanbul.
“We were very lucky,” Adekugbe said.
“I just grabbed what I could … I have three suitcases and my dog.”
Hutchinson was waiting to take him in. Adekugbe had called him in the aftermath of the quake, showing him the damage via FaceTime.
He called his parents when he got to the training ground.
Antakya is renowned for its cuisine, which has many Middle Eastern influences. UNESCO (the United Nations Educational, Scientific and Cultural Organization) has designated Antakya as a “city of gastronomy.”
Adekugbe, who joined Hatayspor in June 2021 from Norway’s Valerenga Fotball, has won 37 caps for Canada and saw action in all three of Canada’s games at the World Cup in Qatar.
Born in London, England, he was three when his family moved to Manchester and 10 when it came to Calgary.
At 16, he moved to Vancouver to join the Whitecaps residency program. He signed a homegrown contract with the MLS team in 2013 but made just 16 appearances for the team over the next four seasons, spending much of the time out on loan.
Adekugbe had loans stints with Brighton in the English Championship and Sweden’s IFK Goteborg before joining Valerenga in January 2018.
While Istanbul escaped quake damage, Hutchinson’s concern for Adekugbe grew when internet connection was lost and a second quake hit.
Both players urged Canadians to donate to relief organizations to help the region and its people.
“There’s a lot of people that are still under the rubble,” Hutchinson said.
“People are just really in bad conditions right now,” he added. “It’s really cold here. Just making it through the day and the night, it’s extremely difficult.”
Follow @NeilMDavidson on Twitter
This report by The Canadian Press was first published Feb. 8, 2023.
How much money is needed to retire in Canada
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. It’s also a drastic increase from the $1.4 million in savings Canadians expected to need for their nest eggs just two years ago.
The results reflect Canadians’ concerns about current economic conditions, particularly inflation and higher prices, said Caroline Dabu, head of wealth distribution and advisory services for BMO Financial Group.
“If you look at the average Canadian, they’re feeling the rising inflation costs,” said Dabu.
“And so, not surprisingly, we are seeing that Canadians are feeling they absolutely will need more to retire.”
Canada’s annual inflation rate hit a four-decade high of 8.1 per cent in the summer of 2022 and has since fallen to 6.3 per cent as of December 2022. BMO Economics expects the country’s CPI to decline to around three per cent by the end of the year.
The sharp increase to Canada’s inflation rate in 2022 exceeded wage gains, eroding purchasing power for most families and heightening fears about the future. The BMO survey found that just 44 per cent of Canadians are confident they will have enough money to retire as planned — a 10 per cent decrease from 2020.
But while the $1.7 million figure may sound overwhelming to working-age Canadians, Dabu said the number says more about the economic mood of the country than it does about real-life retirement necessities.
“Certainly when we’re working with clients, we find that many overestimate the number that they need to retire,” she said.
“It really does have to be taken at an individual level, because circumstances are very different … But $1.7 million, I would say, is high.”
While rising inflation may require tweaks to a retirement plan — such as contributing slightly more to savings each month if you’re a young worker, or making cash flow adjustments if you’re nearing the end of your working career — Dabu said these changes don’t necessarily have to be drastic.
When it comes to retirement planning, Dabu said, knowledge is power. By working with a professional financial advisor and making a plan that encompasses individual circumstances and goals, Canadians can come up with their own retirement savings number.
“In the survey, we note that 53 per cent of Canadians didn’t know how much they will need to retire,” Dabu said.
“That increased confidence comes from knowing the exact number that I need to save for, and how I’m going to get there.”
The BMO survey also found that approximately 22 per cent of Canadians plan to retire between the ages of 60 and 69, with an average age of 62.
Millennial and generation z Canadians are the most nervous about their ability to save and invest right now, the survey found. However, all age groups — 74 per cent of survey respondents — said they are concerned about how current economic conditions will affect their financial situation, and 59 per cent said economic conditions have affected their confidence in meeting their retirement goals.
The BMO survey was conducted between Nov. 4 and 7, 2022 by Pollara Strategic Insights via an online survey of 1,500. The survey’s margin of error is plus/minus 2.5 per cent, 19 times out of 20.
This report by The Canadian Press was first published Feb. 7, 2023.
Driver arrested after city bus hits daycare in Laval, Que., at least five injured
A 51-year-old man drove a city bus into a daycare in Laval, Que., on Wednesday morning, authorities said, killing two children and injuring six more.
Pierre Ny St-Amand, an employee of the Société de transport de Laval (STL), was arrested at the scene.
He has been charged with several crimes, including two counts of first-degree murder, attempted murder, aggravated assault and assault with a weapon or causing bodily harm.
Around 8:30 a.m., the Laval city bus crashed into the Garderie Éducative de Sainte-Rose in the Sainte-Rose neighbourhood on Terrasse Dufferin. There is a bus stop for the 151 line on the roundabout near the daycare.
A neighbour who witnessed the crash said he and a group of parents tried to rescue children pinned under the bus and managed to subdue the driver, who was acting erratically.
Laval police spokesperson Erika Landry said two children are confirmed dead, one at the scene. Urgences-santé confirmed 12 people were injured, including six other children who were recovering in hospital but are expected to survive. One adult was also taken to hospital to be treated for shock.
Dr. Marc Girard, the director of professional services at Sainte-Justine Hospital, said at an afternoon news conference that the hospital received four victims, all preschool-age children, two boys and two girls.
The children were conscious when they arrived at the hospital, but were suffering from various traumatic injuries, Girard said. They are now recovering and in stable condition, he said.
Sébastien Rocheleau, director of medical services at the Laval regional health authority, said the Cité-de-la-Santé Hospital received three patients from the daycare. One child died. The other two are under observation and their injuries are not considered life-threatening.
Driver was in ‘another world,’ resident says
Hamdi Ben Chaabane, who lives in the neighbourhood and was one of the first on the scene, said the bus must have been travelling 30 or 40 km/h when it struck the daycare.
“From what I saw, it wasn’t an accident,” he said.
After the bus struck the daycare, the driver emerged and began acting erratically.
“He opened the door. He took off all his clothes. He was totally naked,” Ben Chaabane said. “We don’t know why he did that. We dove on him. We tried to subdue him.”
He described the driver as being “in another world.”
“It was a nightmare. It’s horrible. He didn’t stop yelling. He wasn’t saying words,” Ben Chaabane said.
When the group tried to pry children out from underneath the bus, Ben Chaabane said they reached one child, who was only lightly injured, but were unable to reach a girl who was stuck deeper beneath rubble.
He said they continued trying to reach the trapped children until firefighters arrived and told them to leave because the roof of the daycare was caving in.
According to the Stéphane Boyer, the mayor of Laval, the person who was arrested has worked for the STL for 10 years but didn’t have any prior incidents on his record.
“There is a hypothesis that this was an intentional act but it will have to be confirmed by the investigation,” Boyer said, adding that it was unclear if the suspect had any connection to the daycare.
“It’s chaos,” said Julia Moreno, a mother whose child was in the daycare when the bus struck it. “There are injured children. It’s terrible.”
Nathalie Vaillancourt, another mother whose child was inside, said the bus destroyed the front facade of the daycare. Both mothers said their children were unscathed.
Urgences-santé dispatched seven ambulances, a “tactical medical vehicle” — which responds to unusual medical situations, often alongside police — and a rapid response team.
“It’s terrible what happened this morning in Laval,” Premier François Legault told a group of reporters at the National Assembly. “All my thoughts are with the children, with the parents and with the employees.”
Legault said Public Security Minister François Bonnardel, Family Minister Suzanne Roy and Christopher Skeete, the MNA for the Sainte-Rose riding, will be in Laval to assess the situation.
Laval’s mayor said psychologists would be available for those affected.
“It’s a tragic act,” Boyer said. “Obviously there are lots of parents right now wondering if their child was affected. I really want to be there for the families, show support.”
The STL said in a statement it was devastated by the “tragedy in Laval.”
“Our hearts go out to the families and employees affected by this tragedy,” the statement said. “The Service de police de la Ville de Laval is currently conducting an investigation in which we are actively collaborating.”
The bus drivers’ union released a statement this afternoon saying its members are in shock and wholeheartedly support the parents and the daycare workers affected by this “tragic event.” The union says it is co-operating with the authorities investigating the event.
The CISSS de Laval, the regional health board for that city, is inviting anyone who needs psychological help due to Wednesday’s events to contact the province’s telehealth services.
“Anyone who needs psychological help can dial 811, option two. They will be listened to and directed to the right resources,” the health board tweeted.
With files from Chloë Ranaldi, Sarah Leavitt, Radio-Canada
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