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U.S. investment banks’ trading slump could head north to Canada + MORE Jul 18th
Wall Street performance strengthens analysts’ expectations that Canadian firms will report lower results at end of current quarter
.... More »
Making sense of the markets this week: December 4, 2022 + MORE Dec 3rd
This week, Cut the Crap Investing founder, Dale Roberts, shares financial headlines and offers context for Canadian investors.
What a week—the wrap
It’s rate-hike hiatus déjà-vu all over again. In a replay from my column last week, the U.S. Federal Reserve Chairperson Jerome Powell.... More »
Atty. Gen. Sessions should 'explain himself' to Senate Judiciary Committee, Franken says - Los Angeles Times + MORE Mar 5th
Los Angeles TimesAtty. Gen. Sessions should 'explain himself' to Senate Judiciary Committee, Franken saysLos Angeles TimesAtty. Gen. Jeff Sessions should reappear before the Senate Judiciary Committee to explain his contacts with Russia's ambassador to Washington, Sen. Al Franken (D-M.... More »
Bombardier and Trudeau say they're close to hammering out a funding deal + MORE Dec 16th
Bombardier says it's close to hammering out a financing deal with the federal government even as the transportation giant forecasts strong earnings growth in next year and enough cash to achieve to its turnaround plan..... More »
Webull Canada Review 2024 + MORE Feb 15th
Webull has arrived in Canada recently. The buzzy stock trading platform, which has 11 million customers around the world, announced on January 2 that it was accepting applications for Canadian accounts. Should you use Webull?
Is Webull available in Canada?
Yes. Webull Corporation, a pop.... More »
As US housing recovers, low incomes keep Detroit far behind
– canadianbusiness.com
DETROIT – Ann and Oscar Mack had fallen behind on property taxes and knew they faced foreclosure on their home of 20 years. But they didn’t know their house on Maiden Street, in a blighted east side Detroit neighbourhood, was already listed for auction.
No one “let us know we were about to lose our house,” Ann Mack said. “Nobody ever came out and knocked on our door.”
The United Community Housing Coalition stepped in and bought the home for $1,000 at a foreclosure auction, then returned the deed to the family. It and other nonprofits are the final options for hundreds of Detroit residents fighting foreclosures, auctions and evictions.
“Complete strangers helped us get our house back,” said Ann Mack, 48. “We would have been out in the street.”
A decade after the nation’s housing bubble peaked before bursting in a ruinous crash, much of America’s residential real estate has rebounded. Many owners have enjoyed rising equity and lower housing bills as mortgage rates have sunk…
No one “let us know we were about to lose our house,” Ann Mack said. “Nobody ever came out and knocked on our door.”
The United Community Housing Coalition stepped in and bought the home for $1,000 at a foreclosure auction, then returned the deed to the family. It and other nonprofits are the final options for hundreds of Detroit residents fighting foreclosures, auctions and evictions.
“Complete strangers helped us get our house back,” said Ann Mack, 48. “We would have been out in the street.”
A decade after the nation’s housing bubble peaked before bursting in a ruinous crash, much of America’s residential real estate has rebounded. Many owners have enjoyed rising equity and lower housing bills as mortgage rates have sunk…
