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B.C. New Democrat government makes pledges to homebuyers, renters, in throne speech - CHEK News + MORE Feb 21st
B.C. New Democrat government makes pledges to homebuyers, renters, in throne speech CHEK NewsHomeowners, renters promised more security in B.C. throne speech CBC.caHousing, affordability take centre-stage in B.C. election-year throne speech Global NewsB.C. government.... More »
Employer debt repayment benefits look to retain employees, alleviate financial stress + MORE Sep 6th
There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
Employer debt repayment benefits look to retain employees, alleviate financial stress - thestar.comContinue Reading On thestar.com »
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Intel warns US stake could hurt international sales, future grants - Reuters + MORE Aug 25th
Intel warns US stake could hurt international sales, future grants ReutersU.S. government takes 10% stake in Intel, as Trump expands control over private sector CNBCIntel and Trump Administration Reach Historic Agreement to Accelerate American Technology and Manufacturing Leade.... More »
How to buy crypto in Canada + MORE Jul 9th
Gone are the days when crypto investing was restricted to just die-hard enthusiasts. Today, you can buy and sell crypto in several modes—including directly or through exchange-traded funds (ETFs)—as easily as you would buy stocks.
Bitcoin is now considered a mainstream asset offered and.... More »
Live coverage: Federal leaders face off in French-language debate - Montreal Gazette + MORE Oct 2nd
Live coverage: Federal leaders face off in French-language debate Montreal GazetteAndrew Scheer met 5 undecided Canadian voters. Here's what happened CBC.caJason Kenney headed to Ontario to campaign for Andrew Scheer in crucial Toronto-area ridings National PostAsk y.... More »
North American stock markets reverse course, as loonie continues slide
– canadianbusiness.com
TORONTO _ Canada’s main stock market pared back some of its losses as U.S. stocks closed sharply higher after another turbulent day of steep ups and downs.
The Toronto Stock Exchange’s S&P/TSX composite index was ahead 29.12 points at 15,363.93, led by strong gains in the health-care and base metals sectors.
In New York, the Dow Jones industrial average was up 567.02 points at 24,912.77 _ coincidentally, about the same amount it plunged at the opening of markets.
Meanwhile, the S&P 500 was up 46.20 points at 2,695.14 and the Nasdaq composite index was up 148.35 points at 7,115.88.
The Dow posted its biggest percentage decline since August 2011 on Monday, driven by fears the U.S. Federal Reserve will raise interest rates faster than expected.
In currency markets, the Canadian dollar closed at an average trading value of 79.81 cents US, down 0.30 of a U.S. cent.
The March crude contract was down 76 cents to US$63.39 per barrel and the March natural gas contract was up one cent to US$2…
The Toronto Stock Exchange’s S&P/TSX composite index was ahead 29.12 points at 15,363.93, led by strong gains in the health-care and base metals sectors.
In New York, the Dow Jones industrial average was up 567.02 points at 24,912.77 _ coincidentally, about the same amount it plunged at the opening of markets.
Meanwhile, the S&P 500 was up 46.20 points at 2,695.14 and the Nasdaq composite index was up 148.35 points at 7,115.88.
The Dow posted its biggest percentage decline since August 2011 on Monday, driven by fears the U.S. Federal Reserve will raise interest rates faster than expected.
In currency markets, the Canadian dollar closed at an average trading value of 79.81 cents US, down 0.30 of a U.S. cent.
The March crude contract was down 76 cents to US$63.39 per barrel and the March natural gas contract was up one cent to US$2…
WestJet Airlines says low cost Swoop attracting a new breed of infrequent flyers
– canadianbusiness.com
CALGARY _ Nearly a week after launching ticket sales for its ultra-low-cost carrier Swoop, WestJet Airlines Ltd. says it hasn’t lost business at its main airline, suggesting it has found a new market of infrequent flyers.
“Clearly what we’re seeing is that Canadians like low fares,” Ed Sims, executive vice-president, commercial, told a conference call with financial analysts Tuesday to discuss the airline’s fourth-quarter results.
“It’s been six days since we went on sale. We’re tracking Swoop’s growth on an hourly basis and we’re seeing no signs of cannibalization (of WestJet ticket sales).”
WestJet matched analyst expectations by posting earnings of $48.5 million or 42 cents per diluted share for the last three months of 2017, down from a profit of $55.2 million or 47 cents per diluted share a year earlier, as costs rose, particularly for fuel.
Revenue totalled nearly $1.12 billion, up from nearly $1.02 billion in the fourth quarter of 2016…
“Clearly what we’re seeing is that Canadians like low fares,” Ed Sims, executive vice-president, commercial, told a conference call with financial analysts Tuesday to discuss the airline’s fourth-quarter results.
“It’s been six days since we went on sale. We’re tracking Swoop’s growth on an hourly basis and we’re seeing no signs of cannibalization (of WestJet ticket sales).”
WestJet matched analyst expectations by posting earnings of $48.5 million or 42 cents per diluted share for the last three months of 2017, down from a profit of $55.2 million or 47 cents per diluted share a year earlier, as costs rose, particularly for fuel.
Revenue totalled nearly $1.12 billion, up from nearly $1.02 billion in the fourth quarter of 2016…
New mortgage rules sending borrowers to alternatives
– moneysense.ca
TORONTO — Mortgage brokers say the borrower rejection rate from large banks and traditional monoline mortgage lenders has gone up as much as 20 per cent after Canada’s banking regulator imposed a new stress test for home buyers who don’t need mortgage insurance.
As a result, alternative lenders are seeing an uptick in business as brokers increasingly direct home buyers toward borrowing options that are beyond the reach of the Office of the Superintendent of Financial Institutions’ newly enacted tighter lending requirements.
READ: Your mortgage is about to get more expensive
Clients who don’t meet the bar are turning to private lenders, mortgage investment corporations (MICs) and credit unions, which are provincially regulated and not required to implement the stress test, said Carmen Campagnaro, president of Pro Funds Mortgages in Burlington, Ont.
Campagnaro is one of the brokers who said rejected loan applications to traditional lenders have risen by 20 per cent since Jan…
As a result, alternative lenders are seeing an uptick in business as brokers increasingly direct home buyers toward borrowing options that are beyond the reach of the Office of the Superintendent of Financial Institutions’ newly enacted tighter lending requirements.
READ: Your mortgage is about to get more expensive
Clients who don’t meet the bar are turning to private lenders, mortgage investment corporations (MICs) and credit unions, which are provincially regulated and not required to implement the stress test, said Carmen Campagnaro, president of Pro Funds Mortgages in Burlington, Ont.
Campagnaro is one of the brokers who said rejected loan applications to traditional lenders have risen by 20 per cent since Jan…
North American shares headed higher in the morning with financial markets a lot calmer following days of volatile trading and steep losses.
36% of Canadians surveyed lied about money to partner
– moneysense.ca
TORONTO — As Valentine’s Day approaches, a new survey suggests some Canadians planning to take their relationships to the next level may want to have a frank conversation about infidelity — financial infidelity, that is.
The online poll found 36 per cent of Canadians surveyed have lied about a financial matter to a romantic partner, and the same number of participants had been victims of financial infidelity from a current or former partner.
The Leger survey for Credit Canada and the Financial Planning Standards Council also found 34 per cent of those polled keep financial secrets from their current romantic partner.
“We wanted to understand what’s on the hearts and minds of Canadians at this time of the year, as it tends to be a time when people are talking about being in a relationship,” said Kelley Keehn, a personal finance educator and consumer advocate for the council, which helped create the survey.
“We’re hoping that the takeaway is if you are one of those Canadians who are struggling, you are suffering in silence, it’s affecting your marriage, maybe your health, that you’re reaching out to someone like a certified financial planner or a non-profit credit counsellor…
The online poll found 36 per cent of Canadians surveyed have lied about a financial matter to a romantic partner, and the same number of participants had been victims of financial infidelity from a current or former partner.
The Leger survey for Credit Canada and the Financial Planning Standards Council also found 34 per cent of those polled keep financial secrets from their current romantic partner.
“We wanted to understand what’s on the hearts and minds of Canadians at this time of the year, as it tends to be a time when people are talking about being in a relationship,” said Kelley Keehn, a personal finance educator and consumer advocate for the council, which helped create the survey.
“We’re hoping that the takeaway is if you are one of those Canadians who are struggling, you are suffering in silence, it’s affecting your marriage, maybe your health, that you’re reaching out to someone like a certified financial planner or a non-profit credit counsellor…
