|  Electric vehicles set for a boost Canadians may find their next choices for a new car or truck will include some electric or hybrid options after Ottawa announced a slew of new measures aimed at boosting sales in Canada. Prime Minister Mark Carney announced on Thursday that the federal government will inject billions of dollars to “transform” the automotive industry in Canada, which includes incentives for consumers in the form of rebates on vehicles. The idea, Carney said, is to make it easier for Canadians to choose an electric vehicle and not be discouraged by the perceived high costs or lack of charging stations. Some consumers could get up to $5,000 for a new electric vehicle very soon, and in time there are plans to bring more charging stations to roads and highways across Canada. Read more about the “five pillars” of Carney’s plan.  Millennials struggling to save The dream of retirement often means having to plan ahead by saving over a long period of time, but a new survey suggests younger Canadians, especially millennials are finding it harder to imagine that dream ever coming true. The survey was conducted by BMO, and 73 per cent of participants who identified as millennials said they’re worried it will be harder for them to retire than their parents. That figure was higher than the average 67 per cent across all age generations that participated. Although the cost of living and difficult job market may play a role in how some participants feel about their retirement goals, there may also be a lack of understand about what it takes to retire and what could make it easier. Read more about what financial planners have to say about retirement.  Smartphones getting more expensive As technology gets more and more advanced, many consumers will want the latest tech — including upgrading smartphones. But with a shortage of semiconductor chips seen worldwide, that’s leading to challenges for companies like Apple and Qualcomm. Advancements in artificial intelligence are commanding what researchers say is “record-breaking” demand for these memory chips, and smartphones are expected to get more expensive in the near-term because they require those same chips. This means there aren’t enough chips right now to meet the global demand from consumers and businesses alike, and that’s led the cost of memory chips to nearly double in just a few months. Read more about what experts are saying about the current semiconductor chip shortage. | 
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