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Helping your kids buy their first home: Smart strategies for today’s market + MORE Mar 5th
With housing prices close to record highs, many young adults worry that homeownership is no longer a realistic goal. But with smart planning, education, and creative strategies, buying that first home is still possible. As parents (or grandparents), we can empower our kids by teaching them strong fi.... More »
Canadian CEOs Made $1.16 Billion Last Year. Will the Fat Cheques Continue in 2022? Jul 12th
Did you get a raise last year? If you’re an executive at one of Canada’s largest companies, chances are you enjoyed a hefty pay bump.
CEOs at the 100 biggest Canadian businesses listed on the Toronto Stock Exchange took home combined pay totalling $1.16 billion in 2021—a 32 per cent i.... More »
Tech stock sell-off pushes markets lower Nov 12th
A steep drop in technology companies sent U.S. stocks sharply lower Monday, knocking off more than 600 points from the Dow Jones Industrial Average..... More »
3 regional Indigenous tourism boards separate from ITAC amid ongoing financial concerns - CBC May 15th
3 regional Indigenous tourism boards separate from ITAC amid ongoing financial concerns CBC.... More »
What ETFs should a millennial couch potato invest in? May 30th
Ask MoneySense
I’m 30 years old and have 30 years to go until retirement. I already have a good pension with my employer so I’d like to try a 100% equity portfolio. Is there a Couch Potato portfolio that would suit my needs? Any ideas on which ETFs to hold?
–Jonathan
Couch potato ETFs
.... More »
REUTERS/Chris WattieSunny Stephen is back.
If you have been following along, you will know that Bank of Canada Governor Stephen Poloz and a number of Bay Street economists have been at odds this year over what shade to use when colouring the spaces around the outlook for the Canadian economy.
With economic indicators suggesting gross domestic product grew at an annual rate of four percent in the first quarter, the Bay Streeters insist the future is bright. Yet the Bank of Canada’s depictions have been more subdued, clouded by uncertainties such as the potential horrors of trading with Donald Trump’s protectionist America. The contrast is made more stark by an odd role reversal; earlier in his tenure, Poloz received grief for being stubbornly optimistic. Some of his current critics used to call him “Sunny Stephen,” and they didn’t mean it as a compliment. Then as now, Poloz said the caricature was unfair.
Poloz and Bay Street may never learn to understand each other. For financial markets, the lights are either on or off, while for Poloz’s Bank of Canada, everything is nuanced…
The close: TSX falls as BMO earnings weigh on banks
– theglobeandmail.com
S&P 500 closes at record following Fed minutes
Former banker accused of stealing $250K from Alberta Treasury Branch – Globalnews.ca
– news.google.ca
Globalnews.caFormer banker accused of stealing $250K from Alberta Treasury BranchGlobalnews.caA woman who worked for an Alberta financial institution for three decades has been accused of stealing more than a quarter million dollars from her employer. The Stony Plain/Spruce Grove/Enoch RCMP Serious Crimes Branch began a fraud investigation in …and more »
Kinder Morgan prices IPO below previous expectations
– theglobeandmail.com
The company’s Canadian unit has priced shares at $17 apiece, down from the anticipated range of $19 to $22, according to a source
Home Capital draws $250 million more from emergency line of credit
– canadianbusiness.com
Home Capital Group says it has drawn down a further $250 million this week from its emergency line of credit to repay deposit notes due Wednesday.
That leaves the Toronto-based mortgage company (TSX:HCG) with $350 million left from a $2 billion line of credit provided by the Healthcare of Ontario Pension Plan late last month.
The pension plan provided the loan after Home Capital’s customers began to drain their high-interest savings accounts.
The flood of deposit withdrawals followed allegations filed against Home Capital in April.
Home Capital has denied accusations that it misled investors in statements and comments issued by senior executives, including two former CEOs and a third man who was the lender’s chief financial officer at the time.
The post Home Capital draws $250 million more from emergency line of credit appeared first on Canadian Business – Your Source For Business News.
That leaves the Toronto-based mortgage company (TSX:HCG) with $350 million left from a $2 billion line of credit provided by the Healthcare of Ontario Pension Plan late last month.
The pension plan provided the loan after Home Capital’s customers began to drain their high-interest savings accounts.
The flood of deposit withdrawals followed allegations filed against Home Capital in April.
Home Capital has denied accusations that it misled investors in statements and comments issued by senior executives, including two former CEOs and a third man who was the lender’s chief financial officer at the time.
The post Home Capital draws $250 million more from emergency line of credit appeared first on Canadian Business – Your Source For Business News.
