March 30, 2011: Liberal leader Michael Ignatieff attends the Secure Retirement Option announcement in Vancouver, BC. Canada's conservative government has implemented what amounts to a drastic shift in legislation surrounding retirement age, which was an issue long championed by Ignatieff and other Liberal politicians. (Photo by Dave Chan)

Canada hikes retirement age to 67 in fed budget

TORONTO (AP) — Canada’s Conservative government said Thursday that it is raising the retirement age to 67 from 65 for pension benefits as the finance minister introduced a federal budget features the biggest cutbacks since the mid-1990s. Jim Flaherty presented a budget that sees cuts of a total of $5.2 billion in annual federal spending, […]