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GM unites car-sharing services under new brand ‘Maven’ + MORE Jan 21st
DETROIT – The final destination is a mystery, but General Motors is taking another step on its fast-moving journey into new ways of getting around.
The company on Thursday announced that it’s formed a brand called “Maven” that will run its car-sharing ventures, including a ne.... More »
Bought bitcoin in 2017? Here's how cryptocurrency is taxed in Canada Apr 21st
So, you read all the headlines in 2017 about the millions of dollars to be made in cryptocurrencies, and you took the investment plunge. Don't even think about hiding that digital stash from the Canada Revenue Agency, experts warn..... More »
What some of Canada’s top founders and entrepreneurs learned in 2016 + MORE Dec 19th
Disruption requires understanding
“In applying to become a national stock exchange in the U.S., IEX faced a very tough process to be approved by the Securities and Exchange Commission (SEC). The New York Stock Exchange and NASDAQ were fighting against us and the institutional investors that s.... More »
How to save and invest smarter: What Canadians need to know Dec 31st
The current economy is impacting how Canadians save and invest. According to a recent survey by TD, 65% of Canadians reported that the high cost of living is impacting their ability to meet their financial goals.
Many Canadians are turning to their savings accounts to manage growing financial pre.... More »
Title: 6 Good Reasons For Taking Personal Loan Mar 3rd
Personal loan is money that is borrowed that is employed for big expenses, relieve financial struggles or even to partially pay for a costly incident such as uninsured medical expenses. These financial loans are repaid in monthly payments during the period of generally 2 – 6 years. However, th.... More »
CBC.caThe Latest: EU Official: 'Regrettable' No New Bailout GreekNew York TimesATHENS, Greece — The latest news on Greece's financial woes (all times local): ___. 9.35 p.m.. As a midnight deadline closes in, the head of the agency responsible for preserving financial security in the European Union says "it is regrettable" that …Report: Germany rebuffs Greek bid for crisis funds before default deadlineWashington PostEurogroup to discuss Greece at 0930 GMT on WednesdayReutersGreek Voters to Decide on Convoluted Bailout Question July 5Wall Street JournalSydney Morning Herald -Fox News -Los Angeles Timesall 12,284 news articles »
Stung by sanctions and recession, Iranian investors have one eye on the country’s stock exchange, and the other on the international talks about the country’s nuclear program.
The financial crisis in Greece is “unprecedented,” said Phil Triadafilopoulos, an associate professor of political science at the University of Toronto. He far from being the only one with that view.
How ‘findependence’ differs from retirement
– moneysense.ca
(Getty Images)Having planted a stake firmly in the camp of financial independence, I’m often asked exactly how the phrase “findependence” is different from retirement.
There are a lot of distinctions between the terms, many of them subtle ones. I often say that financial independence means working because you want to, rather than because you have to financially speaking. In the latter case, the situation is akin to the bumper sticker that says “I owe, I owe so off to work I go.”
I may also say that findependence (I’ll use the contraction of financial independence here now) often occurs years if not decades before traditional retirement. There are several early retirement practitioners running websites about how they achieved financial independence in their 30s or 40s, although they usually add that they continue to “work” in the sense of doing some work for money. That “work” will typically be as an independent supplier rather than an employee and may consist of writing books, running web sites and perhaps publicly speaking…
Banks, insurers shy away from former grow ops
– moneysense.ca
TORONTO – At first glance, the mid-century, three-level Winnipeg home was everything that Sarah Fehr and her fiancee had been looking for.It was located in the right neighbourhood, had a double garage and the backyard was spacious enough for the couple’s two pugs to frolic in.
Perhaps most importantly, it was reasonably priced.
However, a quick Google search revealed the home’s shadowy past: it had been busted several years earlier for housing a marijuana grow operation.
While former grow ops may seem like a good deal to some buyers, experts caution that banks and insurers are increasingly shying away from these properties — even after all of the necessary remediation has been done.
“It’s always been strict, but it was a lot looser four or five years ago,” says Jeff Mark, co-founder of broker Spin Mortgage, adding that only credit unions and subprime lenders are willing to finance these homes, often at higher rates than those offered by the banks.
Running a grow-op in a residential home can cause extensive damage that may be pricey to remedy…
