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TD profit falls, missing expectations as economic downturn looms - The Globe and Mail + MORE May 25th
TD profit falls, missing expectations as economic downturn looms The Globe and MailProfits dip as BMO and Scotiabank set aside hundreds of millions to cover bad loans CBC NewsLive news: TD Bank adds to disappointing earnings for Canadian lenders Financial TimesBMO an.... More »
Oil prices soar after 11 non OPEC countries agree to cut back output + MORE Dec 12th
TORONTO — Oil prices have soared following a weekend agreement to cut back production by 11 non-OPEC countries.
January crude oil contracts were at US$53.63 per barrel as North American stock markets opened up $2.13 from late Friday. Earlier, they traded as high as US$54.51 a barrel a level that h.... More »
The best five-year fixed mortgage rates in Canada 2022 + MORE Jun 29th
Mortgage rate comparison
After consecutive years of record-low interest rates in Canada, we are entering a period of rising rates—which makes the cost of borrowing money, be it for a mortgage or a student loan, more expensive. The possibility of more rate hikes can make the stabi.... More »
How does a LIRA work after a pension transfer? + MORE Feb 20th
Q: I recently transferred my pension from Bombardier to Sun Life. I completed all the documentation and expected the fund to be transferred to an RRSP “Fidelity Clear Path 2035 Port Seg Fund” with around $70,000. Instead Sun Life has put the funds into a LIRA with the same account allocations .... More »
What’s the RRSP deadline for 2022? Feb 10th
RRSP contribution deadline highlights
The RRSP contribution deadline for 2022 is March 1, 2023. Contributions made before the deadline must be reported on your 2022 tax return, but you can choose to carry the deductions forward into 2023 or beyond.
Every year, Canadians are asked to prepare.... More »
Australia says IBM settles over online census failure
– canadianbusiness.com
CANBERRA, Australia – Global technology giant IBM carried most of the blame for the crash of Australia’s online census three months ago and had compensated the government for the financial cost of the debacle, the prime minister said on Friday.
Australia’s first attempt to conduct a census online shut down for 43 hours in August after the website failed to cope with routine denial-of-service attacks.
Prime Minister Malcolm Turnbull said IBM, the Australian Bureau of Statistic’s head contractor, had reached a “very substantial” confidential settlement with the government over the failure that “absolutely” covered costs.
“It would not be an exaggeration to say that we had a collective sense of humour failure about IBM’s performance here and they have ‘fessed up (confessed), they’ve paid up and we’re going to learn the lessons of this incident very diligently,” Turnbull told Melbourne Radio 3AW.
“Overwhelming the failure was IBM’s,” he said…
Australia’s first attempt to conduct a census online shut down for 43 hours in August after the website failed to cope with routine denial-of-service attacks.
Prime Minister Malcolm Turnbull said IBM, the Australian Bureau of Statistic’s head contractor, had reached a “very substantial” confidential settlement with the government over the failure that “absolutely” covered costs.
“It would not be an exaggeration to say that we had a collective sense of humour failure about IBM’s performance here and they have ‘fessed up (confessed), they’ve paid up and we’re going to learn the lessons of this incident very diligently,” Turnbull told Melbourne Radio 3AW.
“Overwhelming the failure was IBM’s,” he said…
Toll highways in Toronto could pave way for other cities
– macleans.ca
Vehicles makes there way into and out of downtown Toronto along the Gardiner Expressway in Toronto. THE CANADIAN PRESS/Nathan DenetteTORONTO – The mayor of Canada’s most populous city announced a plan Thursday to impose tolls on two major highways in and out of Toronto’s downtown core — a move experts said could pave the way for other large urban centres in the country to follow suit.
Mayor John Tory proposed tolls for everyone who uses the Don Valley Parkway and the Gardiner Expressway, saying they would provide much-needed funds for transit expansion and road repair, and ease congestion.
“I have a plan to make the most significant investment in transit and infrastructure in decades, to cut congestion and get this city moving,” Tory told an audience at the Toronto Region Board of Trade on Thursday.
“It would see us toll the Gardiner and DVP and dedicate every single penny raised to build transit and fix our roads, and by doing so make a real difference on unacceptable traffic conditions and overcrowded transit…
How the heck is Lorelai from Gilmore Girls not broke?
– moneysense.ca
At Luke’s Diner for the morning coffee she’ll have a sip of before dashing off.Ah, Gilmore Girls. A show about love, life, relationships and…money? The hit series is full of fast-talking banter, plenty of coffee and some interesting financial issues that to a 20-something personal finance writer watching years later are a little baffling. With the revival, Gilmore Girls: A Year in the Life, coming to Netflix this week, we decided to hash out the numbers to abate (or rather, aid in) the confusion.
To recap, Lorelai Gilmore grew up in an extremely wealthy family led by insurance guy Richard Gilmore and his wife (and Lorelai’s mother) Emily Gilmore. Lorelai, a rebellious free spirit, and her uptight Old Money parents, didn’t quite get along. She wasn’t much attached to her wealth either, and soon after she gave birth to her daughter at 16, she fled, giving up a life of luxury to start a new life from scratch. She worked as a maid at an inn in Connecticut and over the years climbed the ladder to become the manager…
