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Are House and Land Packages Good Investments? Nov 1st
Whether you’re tossing up between purchasing an apartment, townhouse, established home or new build for your next investment, each type of property comes with its respective pros and cons. If you’re considering the prospect of building your next investment by purchasing a house and land package,.... More »
Venezuela's acting president signs law to open oil sector to privatization - CBC Jan 29th
Venezuela's acting president signs law to open oil sector to privatization CBCVenezuelan MPs approve bill to open up oil sector to private firms BBCVenezuela’s Rodriguez signs oil reform law while the US eases sanctions Al JazeeraVenezuela approves bill to open oil.... More »
The best GIC rates in Canada for 2026 Jun 1st
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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Would Amazon's Acquisition of Electronic Arts Make Sense? - The Motley Fool Aug 27th
Would Amazon's Acquisition of Electronic Arts Make Sense? The Motley FoolWhy are all these tech companies suddenly not buying EA? MobileSyrupElectronic Arts stock surges on rumor of potential Amazon sale Yahoo FinanceElectronic Arts buffeted on report of Amazon ready.... More »
How much you need to retire at age 55 in small-town Ontario + MORE Dec 3rd
Chris P. and his wife Anne are both 36 years old and live in a small rural town in northern Ontario. Chris is a safety inspector and Anne works as an administrative assistant. The couple also has three boys under the age of eight. “We’re busy,” says Chris, whose wife Anne just returned to w.... More »
Higher interest rates could help global economy: ex-Bank of Canada boss
– canadianbusiness.com
OTTAWA – Former Bank of Canada governor David Dodge says the world economy might be better off if policy-makers bumped interest rates a little bit higher.
In prepared remarks for a speech today, Dodge says boosting borrowing costs would help promote price and financial stability under current global conditions, which include historically low interest rates and stagnant growth.
He says rate increases shouldn’t hurt employment and growth if combined with more government spending.
He acknowledges, however, that extra spending would be a “big if” with many leaders reluctant to expand public investments.
The speech to members of the C.D. Howe Institute think tank in Toronto comes less than a week before a scheduled rate announcement by Bank of Canada governor Stephen Poloz.
The Bank of Canada’s trend-setting rate sits at a paltry 0.5 per cent. Experts widely expect Poloz to leave the rate untouched, for now.
“At the present time, both price and financial stability would be better served by somewhat higher policy interest rates,” Dodge says in his speech…
In prepared remarks for a speech today, Dodge says boosting borrowing costs would help promote price and financial stability under current global conditions, which include historically low interest rates and stagnant growth.
He says rate increases shouldn’t hurt employment and growth if combined with more government spending.
He acknowledges, however, that extra spending would be a “big if” with many leaders reluctant to expand public investments.
The speech to members of the C.D. Howe Institute think tank in Toronto comes less than a week before a scheduled rate announcement by Bank of Canada governor Stephen Poloz.
The Bank of Canada’s trend-setting rate sits at a paltry 0.5 per cent. Experts widely expect Poloz to leave the rate untouched, for now.
“At the present time, both price and financial stability would be better served by somewhat higher policy interest rates,” Dodge says in his speech…
Steven Mnuchin: The deal maker Trump wants as his Treasury secretary
– theglobeandmail.com
Nomination for Goldman Sachs veteran Mnuchin, who profited during the financial crisis, is greeted with celebration and dismay
Russia warns of planned cyber attacks on its banks
– canadianbusiness.com
MOSCOW – Russia’s main domestic security agency says unspecified foreign special services are plotting a series of cyber attacks aimed at destabilizing the nation’s financial system.
The Federal Security Service, known under its Russian acronym FSB, said the computer servers involved in the planned attacks are located in the Netherlands and belong to Ukrainian company BlazingFast.
The FSB said Friday that the attacks would be accompanied by a stream of text messages and posts on social networks containing claims of an imminent collapse of Russia’s major banks and the financial system’s breakdown. It said the action would target several dozen Russian cities.
President Barack Obama’s administration has accused Russia of conducting a series of hacks to interfere with the U.S. election, accusations Moscow has denied.
The post Russia warns of planned cyber attacks on its banks appeared first on Canadian Business – Your Source For Business News.
The Federal Security Service, known under its Russian acronym FSB, said the computer servers involved in the planned attacks are located in the Netherlands and belong to Ukrainian company BlazingFast.
The FSB said Friday that the attacks would be accompanied by a stream of text messages and posts on social networks containing claims of an imminent collapse of Russia’s major banks and the financial system’s breakdown. It said the action would target several dozen Russian cities.
President Barack Obama’s administration has accused Russia of conducting a series of hacks to interfere with the U.S. election, accusations Moscow has denied.
The post Russia warns of planned cyber attacks on its banks appeared first on Canadian Business – Your Source For Business News.
How tighter rules are pushing homebuyers toward riskier mortgages
– canadianbusiness.com
(Illustration by Brian Stauffer)The breezy animated ad begins with a chipper man in a business suit asking rhetorically how Alpine Credits, a B.C. mortgage lender, has managed to approve over $1 billion in home loans. He throws open an office door to reveal rows and rows of clerks cheerfully rubber-stamping applications. Suddenly, one of the clerks pauses: His client wants to put up a four-storey waterslide. “Well,” our chipper guide asks, “is he a homeowner?” The clerk responds that he is. “Then…he’s approved!” Everyone cheers, confetti drops from the ceiling, and someone pops a bottle of champagne.
There is perhaps no better encapsulation of the frothy Canadian real estate market than Alpine’s 30-second spot. The company’s parent, Amur Financial Group, loves to advertise aggressively: Its radio spots plugging fast and easy loans have been in heavy rotation in Toronto in recent months. Amur has had a heady run since 2008. What started as a mortgage brokerage in 1969 has since ballooned into a complicated mass of direct-to-consumer mortgage brokers in B…
