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Canadian Banks' AT1s join selloff after Credit Suisse rescue - BNN Bloomberg + MORE Mar 20th
Canadian Banks' AT1s join selloff after Credit Suisse rescue BNN BloombergPosthaste: Three things to watch as the world teeters on the edge of a banking crisis Yahoo Canada FinanceCredit Suisse rescue eases crisis fears, First Republic shares dive The Globe and MailA.... More »
Compare the best GIC rates in Canada 2023 + MORE Jun 28th
Investing
The best GIC rates in Canada for 2023
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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More Canadians are rethinking their bank. Should you? Jul 22nd
Clinton Begin was growing tired of frequent visits to bank branches and calling into the trading desk to check on various transactions. “There (were) a lot of things that just took too much of my time. I was always phoning, always going to visit them. It was always a big deal,” he recalled.
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Should You Accept That Pre-Approved Credit Limit Increase? + MORE Jul 5th
If you faithfully pay your loans, mortgage and credit cards each month, then you’ve probably received a call or letter from your bank with the news that you were pre-approved for a credit increase or a line of credit.
You might be thinking, I don’t even use all the credit I currently have. I do.... More »
The Best Credit Cards for Dining Out Jan 2nd
The year 2020 may bring new resolutions, promises to hit the gym, and positive aspirations for the start of the decade. It also comes with rising housing expenses, gas costs, and food prices. But don’t let that bring you down. With a rewards credit card, you can earn points or money back just by .... More »
Goldman Sachs’ lending business slips in first day of trading on the New York Stock Exchange
– canadianbusiness.com
NEW YORK, N.Y. – A lending company launched by Goldman Sachs is falling in its stock market debut on Wednesday.
Shares in the company, Goldman Sachs BDC Inc., dropped 30 cents, or 1.6 per cent to $19.68 in morning trading on the New York Stock Exchange. They trade under the ticker symbol “GSBD.”
The public debut comes a day after Goldman Sachs Group Inc. sold 6 million shares in the company to investors at $20 per share, according to a filing with the Securities and Exchange Commission. The $120 million raised in the offering will be used to pay down the company’s short-term debt.
The Goldman unit is structured as a business-development company, or BDC. Like real-estate investment trusts, they must pay the bulk of their earnings to investors. That means investors wind up with the tax bill.
Specialty lenders such as BDCs have been growing in popularity, part of the rise in so-called “shadow banking.” In a report out earlier this month, analysts at Goldman said that the “twin forces of regulation and technology are opening the door for an expanding class of competitors to capture profit pools long controlled by banks…
Shares in the company, Goldman Sachs BDC Inc., dropped 30 cents, or 1.6 per cent to $19.68 in morning trading on the New York Stock Exchange. They trade under the ticker symbol “GSBD.”
The public debut comes a day after Goldman Sachs Group Inc. sold 6 million shares in the company to investors at $20 per share, according to a filing with the Securities and Exchange Commission. The $120 million raised in the offering will be used to pay down the company’s short-term debt.
The Goldman unit is structured as a business-development company, or BDC. Like real-estate investment trusts, they must pay the bulk of their earnings to investors. That means investors wind up with the tax bill.
Specialty lenders such as BDCs have been growing in popularity, part of the rise in so-called “shadow banking.” In a report out earlier this month, analysts at Goldman said that the “twin forces of regulation and technology are opening the door for an expanding class of competitors to capture profit pools long controlled by banks…
Average Home Price in Canada Hits $430,000: CREA
– ratesupermarket.ca
You know all those rumours of a looming housing market crash in Canada? Well, according to the Canadian Real Estate Association (CREA), they’re still just rumours. Houses across the country continue to sell at a torrid clip, with the average price of a home in Canada now topping $430,000. The organization did, however, lower projections for the Prairie provinces as a result of slumping oil prices.
B.C. and Toronto Continue to Lead the Way
Supply and demand are the two basics of economics behind housing prices and in Ontario and British Columbia, the latter continues to outstrip the former. The Bank of Canada’s surprise quarter-point rate drop in January – with the banks eventually following suit – should combine with ongoing demand to see housing prices in the two regions continue to climb faster than inflation. Year-over-year, prices in Toronto were up 7.84 per cent while in Vancouver they rose 6.38 per cent.
Prairies in For Demand Downfall
It should come as no surprise that the dramatic drop in oil prices – and the resulting slowdown in Alberta’s oil sands projects – has had an impact on the local housing markets…
Average Home Price in Canada Hits $430,000: CREA
– ratesupermarket.ca
You know all those rumours of a looming housing market crash in Canada? Well, according to the Canadian Real Estate Association (CREA), they’re still just rumours. Houses across the country continue to sell at a torrid clip, with the average price of a home in Canada now topping $430,000. The organization did, however, lower projections for the Prairie provinces as a result of slumping oil prices.
B.C. and Toronto Continue to Lead the Way
Supply and demand are the two basics of economics behind housing prices and in Ontario and British Columbia, the latter continues to outstrip the former. The Bank of Canada’s surprise quarter-point rate drop in January – with the banks eventually following suit – should combine with ongoing demand to see housing prices in the two regions continue to climb faster than inflation. Year-over-year, prices in Toronto were up 7.84 per cent while in Vancouver they rose 6.38 per cent.
Prairies in For Demand Downfall
It should come as no surprise that the dramatic drop in oil prices – and the resulting slowdown in Alberta’s oil sands projects – has had an impact on the local housing markets…
