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Five core financial principles that lead to wealth — for anyone Dec 16th
These have been pressure tested and highly researched and they work for anyone, at any income level, no matter what your age is..... More »
Why Urbancorp collapsed in Toronto’s red-hot housing market + MORE May 13th
The developer muscled its way into the big leagues of Toronto real estate with rapid-fire deals and large financings. How did it all go so wrong?
.... More »
Foreign demand for Canadian cottages booming, ReMax says + MORE Jun 25th
The weak Canadian dollar has caused Canada's recreational property and cottage market to heat up, one of the biggest sellers of real estate says..... More »
Luxury home sales slip in Vancouver, but pick up in Toronto + MORE Sep 14th
TORONTO – A report by Sotheby’s International Realty Canada says sales of luxury homes in Vancouver cooled in July and August, however the high-end market picked up in the Toronto area.
The real estate firm says the new foreign buyer tax introduced in Vancouver in August has injected uncertainty.... More »
North American stock markets regain some of the ground lost earlier this week Oct 12th
North American stock markets shot higher in early trading, regaining some of the steep losses from earlier this week. The Canadian dollar traded higher at 76.83 cents US compared with an average of 76.70 cents US on Thursday..... More »
Regulators close small bank in California, bringing number of US bank failures to 17 in 2014
– canadianbusiness.com
WASHINGTON – Regulators have closed a small lender in California for the 17th bank failure in the U.S. this year after 24 closures in 2013.
The Federal Deposit Insurance Corp. said Friday that it has taken over Frontier Bank FSB, based in Palm Desert.
The bank is better known as El Paseo Bank and operated two branches. It had about $86.4 million in assets and $82.1 million in deposits as of June 30.
Bank of Southern California NA, based in San Diego, will pay the FDIC a premium of 1.06 per cent to acquire all of Frontier Bank’s deposits.
In addition, Bank of Southern California agreed to buy essentially all of the failed bank’s assets.
Frontier Bank’s failure is expected to cost the federal deposit insurance fund $4.7 million.
The post Regulators close small bank in California, bringing number of US bank failures to 17 in 2014 appeared first on Canadian Business.
The Federal Deposit Insurance Corp. said Friday that it has taken over Frontier Bank FSB, based in Palm Desert.
The bank is better known as El Paseo Bank and operated two branches. It had about $86.4 million in assets and $82.1 million in deposits as of June 30.
Bank of Southern California NA, based in San Diego, will pay the FDIC a premium of 1.06 per cent to acquire all of Frontier Bank’s deposits.
In addition, Bank of Southern California agreed to buy essentially all of the failed bank’s assets.
Frontier Bank’s failure is expected to cost the federal deposit insurance fund $4.7 million.
The post Regulators close small bank in California, bringing number of US bank failures to 17 in 2014 appeared first on Canadian Business.
Canada, China ink an array of commercial deals worth more than $1 billion
– canadianbusiness.com
BEIJING, China – Prime Minister Stephen Harper was surrounded by Chinese business representatives clamouring to have their photo taken with him today after he announced an array of commercial deals with China.
At a Canada-China business luncheon in Beijing, Harper witnessed the signing of more than 20 deals between Canadian and Chinese organizations valued at more than $1 billion.
They include an investment deal in the sustainable technologies sectors to combat air pollution in China.
Harper then made a speech to the conference, telling the audience that Canada hopes to narrow the significant trade imbalance between Canada and China, creating Canadian jobs as a result.
Following the speech, the crowd was told the prime minister would pose for photos with anyone interested. Within minutes, dozens of Chinese business people flooded to the front of the room to pose beside the smiling Harper.
Later today, Harper is expected to announce that Canada and China have signed a deal to make Canada the first Chinese currency hub in the Americas…
At a Canada-China business luncheon in Beijing, Harper witnessed the signing of more than 20 deals between Canadian and Chinese organizations valued at more than $1 billion.
They include an investment deal in the sustainable technologies sectors to combat air pollution in China.
Harper then made a speech to the conference, telling the audience that Canada hopes to narrow the significant trade imbalance between Canada and China, creating Canadian jobs as a result.
Following the speech, the crowd was told the prime minister would pose for photos with anyone interested. Within minutes, dozens of Chinese business people flooded to the front of the room to pose beside the smiling Harper.
Later today, Harper is expected to announce that Canada and China have signed a deal to make Canada the first Chinese currency hub in the Americas…
Asia-Pacific ministers endorse China-backed trade pact, anti-corruption pledge
– canadianbusiness.com
BEIJING, China – Ministers from Pacific Rim countries on Saturday endorsed a call to formally start work on a free-trade initiative seen as an effort by China to raise its influence in trade policy.
The ministers meeting ahead of next week’s gathering of leaders from the United States, China, Japan and other countries at the Asia-Pacific Economic Cooperation summit also endorsed a proposal to co-operate on fighting official corruption, Chinese officials said.
The trade initiative — the Free-Trade Area of the Asia Pacific — comes out of earlier promises by APEC governments to liberalize trade. It is being promoted by Beijing in what analysts see as a Chinese effort to gain influence in U.S.-dominated global trade and financial regulation.
The proposal endorsed by trade ministers from the 21 APEC nations calls for the group to launch a formal study of the initiative and promote co-operation in services, investment and other trade issues, according to the Chinese minister of commerce, Gao Hucheng…
The ministers meeting ahead of next week’s gathering of leaders from the United States, China, Japan and other countries at the Asia-Pacific Economic Cooperation summit also endorsed a proposal to co-operate on fighting official corruption, Chinese officials said.
The trade initiative — the Free-Trade Area of the Asia Pacific — comes out of earlier promises by APEC governments to liberalize trade. It is being promoted by Beijing in what analysts see as a Chinese effort to gain influence in U.S.-dominated global trade and financial regulation.
The proposal endorsed by trade ministers from the 21 APEC nations calls for the group to launch a formal study of the initiative and promote co-operation in services, investment and other trade issues, according to the Chinese minister of commerce, Gao Hucheng…
40 days – 2.75%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online.
China seeking help during APEC from US, Canada, Australia in global hunt for corrupt officials
– canadianbusiness.com
BEIJING, China – China’s graft busters want foreign help in their “fox hunt” for corrupt officials who have fled the country and stashed their ill-gotten loot abroad, but misgivings about Chinese justice may deter the U.S. and other nations from wholeheartedly joining the chase.
When leaders of Asia-Pacific countries meet Monday and Tuesday in Beijing, they are expected to endorse a network for member nations to share information on corruption cases and help recover assets that have been moved across borders illegally.
“We are setting up what is called an anti-corruption and transparency network,” said Alan Bollard, APEC’s Secretariat executive director. “This group will try and bring together the actual operational people who will share information on particular cases, share information about how to get convictions and prosecutions and, if necessary, assets back as well.”
Beijing initiated the proposal, which also is backed by the United States, and foreign ministers from the 21-member Asia-Pacific Economic Cooperation grouping endorsed wording Saturday to refer to leaders at the summit, Chinese Foreign Minister Wang Yi said…
When leaders of Asia-Pacific countries meet Monday and Tuesday in Beijing, they are expected to endorse a network for member nations to share information on corruption cases and help recover assets that have been moved across borders illegally.
“We are setting up what is called an anti-corruption and transparency network,” said Alan Bollard, APEC’s Secretariat executive director. “This group will try and bring together the actual operational people who will share information on particular cases, share information about how to get convictions and prosecutions and, if necessary, assets back as well.”
Beijing initiated the proposal, which also is backed by the United States, and foreign ministers from the 21-member Asia-Pacific Economic Cooperation grouping endorsed wording Saturday to refer to leaders at the summit, Chinese Foreign Minister Wang Yi said…
