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Latest News
What’s the best way to get relief from car payments during COVID-19? + MORE May 11th
Q. Is there a way to suspend my car payments during COVID-19?
–Mandy
A. During this time of financial difficulty for so many Canadians, automakers are offering payment holidays up to three months, in many cases with no strings attached and no extra interest.
Upon receipt of evidence that you suffe.... More »
Want to save money on auto insurance? Buy winter tires, say experts Oct 22nd
With the wrong rubber on cold, wet, snowy or icy roads, you’re not only risking life and limb, you’re playing with financial fire, say experts..... More »
Prince Harry to speak at a Toronto real estate conference next month Nov 20th
The Duke of Sussex is slated to appear for an 'exclusive conversation' at the Ontario Real Estate Association's Power House Conference on Dec. 1..... More »
4.5 year - 2.50% + MORE Feb 9th
This GIC rate is offered by DUCA Financial Services and was updated on 2014-06-13. Click on the link above to get more details or apply online..... More »
B.C. raises threshold for homeowner grant program + MORE Jan 10th
VANCOUVER — Relief is on the way for homeowners in British Columbia facing a jump in property taxes thanks to soaring home values.
B.C. Finance Minister Mike de Jong said the threshold to take part in the province’s homeowner grant program will increase by a third this year, to include prop.... More »
CPPIB raises stake in Manhattan office property
– theglobeandmail.com
Investment takes pension fund manager’s stake in One Park Avenue to 45 per cent through a joint venture with Vornado Realty Trust
Sobeys closing 50 stores across Canada – CBC.ca
– news.google.ca
CBC.caSobeys closing 50 stores across CanadaCBC.caGrocery store chain Sobeys Inc. will close about 50 underperforming stores across Canada following its $5.8-billion acquisition of Safeway. The company made the announcement in an earnings release on Thursday from Empire Inc., parent company of …Sobeys to close 50 supermarkets, two in TorontoToronto StarSobeys closing stores: Online reactionCTV NewsSobeys to close four Edmonton storesEdmonton SunCourier Islander -Cumberland News Now -Globalnews.caall 102 news articles »
OSFI deputy Mark Zelmer warns of housing risks – CBC.ca
– news.google.ca
CBC.caOSFI deputy Mark Zelmer warns of housing risksCBC.caThe second-in-command at Canada's top banking regulator told an audience of heavy hitters in the housing industry that the risks posed by red hot Canadian real estate aren't going to go away in any meaningful way any time soon. Mark Zelmer, the deputy …Canada Banking Regulator Continues to Sound Alarm over DebtWall Street JournalHouse Prices Too High, Mortgage Rates Too Low, And That's A Problem: OSFIHuffington Post Canadaall 9 news articles »
New York judge denies Argentina’s request for delay in paying $1.65 billion to US hedge funds
– canadianbusiness.com
NEW YORK, N.Y. – A New York judge has denied Argentina’s request to extend deadlines to repay a debt to bondholders, which the country claims could lead it into a catastrophic default.
Federal Judge Thomas Griesa rejected Argentina’s request in an order Thursday.
Argentina’s economy minister had sought the delay, saying an end-of-the-month deadline to make payments to U.S. hedge funds could sink the nation’s economy and trigger financial havoc around the world.
Lawyers for the hedge fund have countered that Argentina was just trying to delay paying the $1.65 billion it owes.
The post New York judge denies Argentina’s request for delay in paying $1.65 billion to US hedge funds appeared first on Canadian Business.
Federal Judge Thomas Griesa rejected Argentina’s request in an order Thursday.
Argentina’s economy minister had sought the delay, saying an end-of-the-month deadline to make payments to U.S. hedge funds could sink the nation’s economy and trigger financial havoc around the world.
Lawyers for the hedge fund have countered that Argentina was just trying to delay paying the $1.65 billion it owes.
The post New York judge denies Argentina’s request for delay in paying $1.65 billion to US hedge funds appeared first on Canadian Business.
CBC cutting back evening news in shift towards digital
– macleans.ca
TORONTO — The CBC is slashing 25 per cent of its workforce over the next five years, while cutting back evening newscasts and in-house production in a bid to shift its focus from radio and television to digital and mobile services.
The public broadcaster announced its five-year strategic plan Thursday as it grapples with a $130-million budget shortfall due to federal cuts, flagging advertising revenues and the loss of hockey rights to Rogers Media.
By 2020, the broadcaster plans to slash 1,000 to 1,500 jobs, although it says that goal will in part be fulfilled by retirements and attrition. These staff reductions are in addition to the 657 job cuts it announced in April.
In a heated town hall with employees, CBC president Hubert Lacroix faced calls to resign. He said the broadcaster must transform itself from a “producer to a multi-platform broadcaster” in order to stay afloat.
He said that advertising revenues have shifted to global players like Facebook and Google and financial support for public broadcasters has decreased…
The public broadcaster announced its five-year strategic plan Thursday as it grapples with a $130-million budget shortfall due to federal cuts, flagging advertising revenues and the loss of hockey rights to Rogers Media.
By 2020, the broadcaster plans to slash 1,000 to 1,500 jobs, although it says that goal will in part be fulfilled by retirements and attrition. These staff reductions are in addition to the 657 job cuts it announced in April.
In a heated town hall with employees, CBC president Hubert Lacroix faced calls to resign. He said the broadcaster must transform itself from a “producer to a multi-platform broadcaster” in order to stay afloat.
He said that advertising revenues have shifted to global players like Facebook and Google and financial support for public broadcasters has decreased…
