There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
Latest News
Here’s how you can clean up your financial house by decluttering your life Sep 27th
If you’re looking for renewed energy for the later portion of the year, writes personal finance columnist Lesley-Anne Scorgie, get rid of distractions in your life so you can keep your eye on the financial ball.... More »
Survey finds 1/3 of Canadians can’t pay monthly bills as rates set to rise + MORE Jan 15th
CALGARY _ A new survey suggests a third of Canadians can’t pay their monthly bills, including debt repayments, against a backdrop of rising interest rates.
The quarterly MNP consumer debt index survey finds the number of Canadians who can’t cover their fixed monthly expenses is up eight .... More »
Bank of Canada raises concerns about mortgages, even those with larger down payments + MORE Nov 28th
Almost half of new, young homeowners put down less than 20 per cent down on their homes, something that could make them vulnerable to economic shocks down the line, according to Bank of Canada's Financial System Review laying out the biggest risks facing the economy..... More »
Cenovus Energy reports $69M third quarter loss, production more than doubles + MORE Nov 2nd
CALGARY _ Cenovus Energy Inc. (TSX:CVE) says it lost $69 million in its latest quarter as it more than doubled its production compared with a year ago, boosted by its acquisition of most of the Canadian assets of ConocoPhillips earlier this year.
The company says the loss amounted to six cents per s.... More »
Canada Post workers make new proposal and hold off strike notice + MORE Jul 2nd
(Adrian Wyld, CP)
The union representing postal workers says it has presented Canada Post with new offers, and workers won’t be striking before Wednesday at the earliest.
The Canadian Union of Postal Workers must give 72 hours notice of any job action by its 50,000 members and it hasn’.... More »
TORONTO – Ontario home buyers and sellers will soon be allowed to provide electronic signatures on real estate documents.
Changes to the Electronic Commerce Act take effect July 1, making electronic signatures legally equivalent to handwritten ones in real estate deals.
Current regulations require real estate documents, such as agreements of purchase and sale, to be signed by hand on hard copies.
Patricia Verge, president of the Ontario Real Estate Association, calls the changes to the act “great news for realtors as well as consumers,” and says the option to sign electronically will make home-buying and selling more efficient.
Five other provinces, including Quebec, New Brunswick, Manitoba, Newfoundland and Labrador and Prince Edward Island, allow electronic signatures for real estate transactions.
The post Electronic signatures to be accepted in Ontario real estate deals appeared first on MoneySense.
Business RecorderCANADA STOCKS-TSX dives as Greece crisis spurs bank selloffReuters… * TSX sheds 224.20 points, or 1.51 percent, to 14,583.89. * All 10 main groups fall, banks weigh heaviest. By Alastair Sharp. TORONTO, June 29 (Reuters) – Canada's main stock index fell more than 1.5 percent on Monday as investors fretted about the …At midday: TSX dives as Greece crisis spurs bank selloffThe Globe and MailTSX down almost 300 points, retreat fuelled by Greek debt crisisGlobalnews.caCanada Stocks Fall, Erasing Gain for 2015, Amid Greece ConcernsBloombergbnn.caall 19 news articles »
CBC.caStock markets slump as Greece mulls euro 'suicide' in referendumCBC.caWorld stock markets sold off heavily Monday as high stakes negotiations between Greece and its many creditors entered their 11th hour with no deal in sight. CBC's Margaret Evans on repercussions beyond the eurozone3:27. The TSX was down by 296 …Live Coverage | Tsipras Invokes FDR, Telling Greeks, 'the Only Thing to Fear …New York TimesGreece threatens top court action to block GrexitTelegraph.co.ukGreek PM urges 'No' to aid deal, says Athens won't leave the euroReutersUSA TODAY -Wall Street Journal (blog) -Hellenic Shipping News Worldwideall 7,961 news articles »
Ontario home buyers and sellers will soon be allowed to provide electronic signatures on real estate documents.
Dubai developer Limitless to repay $564 million in debt, most of it to banks
– canadianbusiness.com
DUBAI, United Arab Emirates – An indebted Dubai real estate developer says it will repay more than half a billion dollars in money owed to banks and trade creditors as part of its financial restructuring.
The state-controlled company, Limitless, said Monday that more than 90 per cent of the $564 million it will repay will go toward its bank debt, which represents 42 per cent of the company’s total debt of $1.2 billion. The company says it sold land in Saudi Arabia to help fund repayment.
Limitless says it is negotiating with banks to agree on new terms for the remaining debt payment, including an extension until December 2018. Limitless says that nearly all the banks have agreed to the revised terms.
The company was hard hit during the emirate’s 2009 financial crisis, which saw property prices plunge.
The post Dubai developer Limitless to repay $564 million in debt, most of it to banks appeared first on Canadian Business – Your Source For Business News.
The state-controlled company, Limitless, said Monday that more than 90 per cent of the $564 million it will repay will go toward its bank debt, which represents 42 per cent of the company’s total debt of $1.2 billion. The company says it sold land in Saudi Arabia to help fund repayment.
Limitless says it is negotiating with banks to agree on new terms for the remaining debt payment, including an extension until December 2018. Limitless says that nearly all the banks have agreed to the revised terms.
The company was hard hit during the emirate’s 2009 financial crisis, which saw property prices plunge.
The post Dubai developer Limitless to repay $564 million in debt, most of it to banks appeared first on Canadian Business – Your Source For Business News.
