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How to invest in stocks, mutual funds and ETFs + MORE Aug 21st
M A K I N G B A N K
The joy you’ll feel after reading this. (Shutterstock)
There’s an absolute mess of information out there (as in, on the Internet) that explains in big words and complicated acronyms explaining the financial footwork of investing. What should I look for when buyi.... More »
S&P 500 hits record high, equals longest bull-run + MORE Aug 21st
The benchmark S&P 500 touched a record high on Tuesday and equalled its longest-ever bull-market run, as U.S. stocks rose on encouraging earnings reports and hopes that the United States and China could resolve their tariff dispute..... More »
How Green Card holders can get the most out of TFSAs and RRSPs + MORE Jan 7th
Getty Images/Chris Cheadle
Q. I am a Green Card holder as well as a Canadian resident, and have two questions: No.1. Which are the best securities to invest inside my TFSA to be “friendly” from an Internal Revenue Service and Federal Treasury Board (IRS/FTB) tax point of view? And .... More »
The power of a last will and testament: How your final wishes can make an impact + MORE Aug 28th
We know that more than half of Canadian adults do not have a will. There are a variety of reasons for this, but one of the notions most commonly expressed by holdouts is that “it’s obvious who will be getting my estate.”
In most cases, this couldn’t be further from the truth. In fact, if you.... More »
Backlash grows for ‘selfish millionaire’ who got vaccine meant for Indigenous people - The Guardian + MORE Jan 27th
Backlash grows for ‘selfish millionaire’ who got vaccine meant for Indigenous people The GuardianBusiness exec and his wife charged after flying into remote Canadian town to get Covid-19 vaccine, officials say CNNB.C. couple accused of flying to Yukon to get vaccinated must.... More »
OTTAWA – The mayors of Canada’s biggest cities are urging Prime Minister Justin Trudeau to unleash more federal resources in order to help municipal governments combat the growing problem of fentanyl overdoses.
The opioid crisis is a national emergency that can only be solved with federally co-ordinated national, provincial and municipal efforts, plus additional investment in harm reduction and treatment facilities, Vancouver Mayor Gregor Robertson told a news conference in Ottawa.
“Otherwise, the toll will be off the charts and the tragedy will unfold in these months and years ahead,” he said.
“Unless we get very clear co-ordination and leadership from the federal government to pull provinces and cities together, and significant resources to invest in treatment and supports for addictions, we’re going to see a horrific toll here.”
Ottawa has already promised a strategy to combat the growing crisis, which is routinely causing scores of deaths in Alberta and British Columbia, but the mayors tied the problem to another federal promise: money for affordable housing…
The opioid crisis is a national emergency that can only be solved with federally co-ordinated national, provincial and municipal efforts, plus additional investment in harm reduction and treatment facilities, Vancouver Mayor Gregor Robertson told a news conference in Ottawa.
“Otherwise, the toll will be off the charts and the tragedy will unfold in these months and years ahead,” he said.
“Unless we get very clear co-ordination and leadership from the federal government to pull provinces and cities together, and significant resources to invest in treatment and supports for addictions, we’re going to see a horrific toll here.”
Ottawa has already promised a strategy to combat the growing crisis, which is routinely causing scores of deaths in Alberta and British Columbia, but the mayors tied the problem to another federal promise: money for affordable housing…
Calendar: What investors need to know for the week ahead
– theglobeandmail.com
A daily rundown of the economic reports and corporate earnings that will be grabbing the market's attention in the week ahead
Trudeau congratulates Trump, citing close economic and security ties
– canadianbusiness.com
OTTAWA _ Prime Minister Justin Trudeau is reminding the 45th president of the United States about Canada’s historically close ties with its southern superpower neighbour.
The subtext of Trudeau’s inauguration day statement is, of course, the myriad unknowns that surround what might be in store for Canada as the irrepressible billionaire Donald Trump moves into the White House.
“Canada and the United States have built one of the closest relationships between any two countries in the world,” the statement reads. “This enduring partnership is essential to our shared prosperity and security.”
“Robust” trade, investment and inexorable economic links have long tied together the two countries, supporting millions of Canadian and American jobs, it continues.
“We both want to build economies where the middle class, and those working hard to join it, have a fair shot at success,” Trudeau says, citing one of his oft-repeated political mantras…
The subtext of Trudeau’s inauguration day statement is, of course, the myriad unknowns that surround what might be in store for Canada as the irrepressible billionaire Donald Trump moves into the White House.
“Canada and the United States have built one of the closest relationships between any two countries in the world,” the statement reads. “This enduring partnership is essential to our shared prosperity and security.”
“Robust” trade, investment and inexorable economic links have long tied together the two countries, supporting millions of Canadian and American jobs, it continues.
“We both want to build economies where the middle class, and those working hard to join it, have a fair shot at success,” Trudeau says, citing one of his oft-repeated political mantras…
How student loan servicers affect tens of millions of people
– canadianbusiness.com
WASHINGTON _ They aren’t well-known. Their names are odd. And what they do _ well, it’s complicated.
Yet student loan servicers _ with names like AES-PHEAA and Nelnet _ play a key role in the lives of the 44 million Americans who, combined, have amassed a $1.4 trillion mountain of student debt.
And this week, regulators accused the largest of them, Navient, of making it harder for borrowers to repay loans by giving them flawed information, processing payments incorrectly and failing to act on complaints.
In its lawsuit, the government’s Consumer Financial Protection Bureau demands restitution for affected borrowers and financial penalties from Navient, which manages $300 billion in loans. Navient disputes the allegations.
Here’s a look at student loan servicers and what they do.
___
Q: What function do these loan servicers provide?
A: Think of them as a liaison between a borrower and the bank or institution that extended a student loan, such as the U.S. Education Department…
Yet student loan servicers _ with names like AES-PHEAA and Nelnet _ play a key role in the lives of the 44 million Americans who, combined, have amassed a $1.4 trillion mountain of student debt.
And this week, regulators accused the largest of them, Navient, of making it harder for borrowers to repay loans by giving them flawed information, processing payments incorrectly and failing to act on complaints.
In its lawsuit, the government’s Consumer Financial Protection Bureau demands restitution for affected borrowers and financial penalties from Navient, which manages $300 billion in loans. Navient disputes the allegations.
Here’s a look at student loan servicers and what they do.
___
Q: What function do these loan servicers provide?
A: Think of them as a liaison between a borrower and the bank or institution that extended a student loan, such as the U.S. Education Department…
Many of Canada’s junior hockey league teams barely break even, records show
– canadianbusiness.com
This article originally appeared at Sportsnet.
By order of a judge in a civil action in an Alberta court, the CHL and teams from the OHL and WHL submitted financial statements that show many franchises, as many as half the field, struggling to make ends meet.
Lawyers representing more than 300 former and current players are seeking to have a class-action suit certified in courts in Calgary next month and in Toronto in March. On behalf of the players, the Charney Lawyers, a Toronto-based firm specializing in class-action law, is seeking compensation for time logged by the plaintiffs in the major junior league.
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According to the Charney website, the plaintiffs are seeking “outstanding wages, overtime pay, holiday pay and vacation pay.”
The plaintiffs’ lawyers commission engaged Kevin Mongeon, an assistant professor of sports management at Brock University, to do a work-up on the finances of CHL teams…
