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The best instant approval credit cards in Canada for August 2023 Aug 30th
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The best instant approval credit cards in Canada for August 2023
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Why retirement planners are getting defensive + MORE Sep 30th
While working people may envy those at or near retirement, once you get there there’s a certain amount of anxiety over markets and the prospect of outliving your money should stocks and interest rates fail to cooperate.
Of course, those with guaranteed-for-life, taxpayer-backed, defined benefit.... More »
Rising price of oil helps TSX, U.S. markets climb higher + MORE Jan 3rd
Rallying oil prices helped push Canada's main stock index and its U.S. counterparts into record territory on Wednesday, while the loonie lost ground..... More »
Trump moves to scale back financial regulations + MORE Feb 4th
President Donald Trump is taking his first steps aimed at scaling back financial services regulations, and the Republican-run Congress cast a vote early Friday signalling that it’s eager to help.
The president signed an executive order that will direct the Treasury secretary to review a 2010 f.... More »
Unifor members approve new four-year labour agreement with Ford - The Globe and Mail + MORE Nov 7th
CBC.caUnifor members approve new four-year labour agreement with FordThe Globe and MailWorkers at Ford Motor Co. of Canada Ltd. have approved a new contract with the company, wrapping up 2016 contract negotiations between Unifor and the Canadian units of the Detroit Three auto makers. Unifor members.... More »
CIBC builds private capital and tech focus for investment banking
– theglobeandmail.com
New investment banking groups have been created with large money managers in mind
Nigerian militants claim attack on pipeline; police deny it
– canadianbusiness.com
WARRI, Nigeria – Oil militants say they have blown up a gas pipeline in Nigeria’s southeastern Akwa Ibom state, but police blamed the explosion on a technical failure.
The state-owned pipeline carries gas used to generate electricity for industries including Nigeria’s only aluminum smelting plant.
There was no way to independently verify the cause of Sunday night’s blast. The Niger Delta Avengers claimed the attack on their website overnight, before the police statement Monday.
A resurgence in attacks in Nigeria’s oil-producing south this year has slashed production from 2.2 million to 1.2 million barrels a day.
The militants want a bigger share of oil wealth for residents suffering from massive oil pollution.
Oil accounts for 70 per cent of government revenue. The attacks are contributing to an economic crisis that threatens recession.
The post Nigerian militants claim attack on pipeline; police deny it appeared first on Canadian Business – Your Source For Business News.
The state-owned pipeline carries gas used to generate electricity for industries including Nigeria’s only aluminum smelting plant.
There was no way to independently verify the cause of Sunday night’s blast. The Niger Delta Avengers claimed the attack on their website overnight, before the police statement Monday.
A resurgence in attacks in Nigeria’s oil-producing south this year has slashed production from 2.2 million to 1.2 million barrels a day.
The militants want a bigger share of oil wealth for residents suffering from massive oil pollution.
Oil accounts for 70 per cent of government revenue. The attacks are contributing to an economic crisis that threatens recession.
The post Nigerian militants claim attack on pipeline; police deny it appeared first on Canadian Business – Your Source For Business News.
AMC makes final $1.2-billion bid for Carmike Cinemas
– theglobeandmail.com
Bid includes approximately $585-million in cash and $250-million in AMC’s Class A common stock
The impact of Alberta’s economic downturn on house prices has been blunted, to a degree, because tens of thousands of Canadians who worked in the province but paid taxes in other jurisdictions and didn’t engage in the local real-estate market have left after being laid off, according to an internal Finance Department memo obtained by CBC News.
Lower your IRD mortgage penalty
– moneysense.ca
(Getty Images / Oxford)
Sam Taylor loved helping people which is why she started her career as a social worker. But after almost three decades, Sam was burnt out and needed out. After a great deal of soul-searching she decided to start her own home staging business. “Over the years more and more people have asked for my help,” she explains. “I have a flare for it.” To start and grow her own business, however, she needs capital. To get capital she needs to sell her home—and that means breaking her fixed-rate mortgage.
What Sam found out shocked her. She was on the hook for almost $18,000 in fees, as a penalty for breaking her mortgage early. Turns out, breaking up (with your mortgage) really is hard to do. And Sam was lucky. According to the Financial Post, Tyler Bollhorn, a personal finance author who decided to move from Kelowna, B.C. to Hawaii, was shocked when he learned he’d have to pay more than $150,000 to break his mortgage. “I got stuck with a pretty good penalty because I never read the fine print,” he says…
