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Doris makes $160,000, while her partner’s unemployed. She wants to buy a house and save for IVF or adoption. What should she do? Jul 19th
In terms of her relationship, Doris is also wondering how she can stay financially secure. “Is there any financial advice on how to best protect myself? Luckily everything is in my name.”.... More »
CCPA report calls for expansion of pension regulations + MORE Nov 21st
OTTAWA _ A report by the Canadian Centre for Policy Alternatives recommends that payments to shareholders such as dividends and share buybacks by companies should be limited if their pension plans are underfunded.
The report says pension regulations must expand to consider broader financial decision.... More »
TD, RBC second-quarter profit bump helped by rising rates, macro environment May 24th
Two of Canada's biggest banks reported second-quarter earnings Thursday that benefited from bigger profit margins on the back of rising interest rates, though the bump could be less pronounced in coming quarters as pressure mounts for banks to raise the interest rates they pay on dep.... More »
Saudi Aramco chairman defends oil giant’s possible IPO move + MORE Jan 25th
RIYADH, Saudi Arabia – The chairman of Saudi Arabia’s state oil giant says plans for a possible initial public offering are not being driven by a need for cash amid a global slump in oil prices, but instead signal a desire for greater openness to outside investors.
Khalid al-Falih says t.... More »
Apple is booting headphones from competitors like Sonos and Bose out of its stores - Business Insider - Business Insider Oct 6th
Apple is booting headphones from competitors like Sonos and Bose out of its stores - Business Insider Business InsiderApple stops selling rival earphones, speakers ahead of launches BNNApple quietly stops selling Bose, Sonos and some Logitech gear — only Apple audio remains&n.... More »
Laneway homes raise insurance concerns
– moneysense.ca
(Joe Wolf/Creative Commons)TORONTO – Soaring real estate costs are pushing some Canadian cities to embrace laneway housing, touted as the future of affordable living in urban centres.
But as the properties become more popular and balloon in value, questions are beginning to arise about whether current insurance practices are sufficient.
Home insurer Square One Insurance says it has been fielding so many recent calls about laneway homes — most of them in Vancouver — that it’s started offering a separate product created specifically for the structures.
Daniel Mirkovic, the company’s president and chief executive, says in the past, laneway homes or coach houses were often $50,000 conversions of detached parking garages created by homeowners to house their adult children.
“Now, because of the high price of real estate, the whole concept of laneway housing has changed,” Mirkovic said. “When you’re looking at a laneway home that the owners have invested $200,000 or $300,000 dollars to build, that’s a very significant investment…
Cogeco banking on improved growth with opening of Montreal data centre
– theglobeandmail.com
Company says the 100,000 square-foot, high-tech Montreal facility represents an investment that will total more than $100-million ‘over time’
Finding simple ways to build wealth online: Roseman
– thestar.com
A new breed of investment advisers caters to the millennial market, who prefer doing business on their smartphones.Rising home prices lifts US household wealth to record $85.7 trillion; borrowing also rises
– canadianbusiness.com
WASHINGTON – Rising home values drove a modest increase in Americans’ household wealth to a new high of $85.7 trillion in the April-June quarter.
The Federal Reserve says Americans’ stock portfolios climbed $61 billion in value, while housing wealth increased $499 billion.
Americans also stepped up borrowing, a sign of confidence in the economy.
Total mortgage debt grew at the fastest level since the recession ended in 2009. Overall household debt, which includes mortgages, student loans, auto loans and credit card debt, increased at the fastest pace in a year.
The Fed’s figures aren’t adjusted for population growth or inflation. Household wealth, or net worth, reflects the value of homes, stocks and other assets minus mortgages, credit cards and other debts.
The post Rising home prices lifts US household wealth to record $85.7 trillion; borrowing also rises appeared first on Canadian Business – Your Source For Business News.
The Federal Reserve says Americans’ stock portfolios climbed $61 billion in value, while housing wealth increased $499 billion.
Americans also stepped up borrowing, a sign of confidence in the economy.
Total mortgage debt grew at the fastest level since the recession ended in 2009. Overall household debt, which includes mortgages, student loans, auto loans and credit card debt, increased at the fastest pace in a year.
The Fed’s figures aren’t adjusted for population growth or inflation. Household wealth, or net worth, reflects the value of homes, stocks and other assets minus mortgages, credit cards and other debts.
The post Rising home prices lifts US household wealth to record $85.7 trillion; borrowing also rises appeared first on Canadian Business – Your Source For Business News.
Obama chips away at Cuba embargo, easing business and travel rules – Reuters Canada
– news.google.ca
Reuters CanadaObama chips away at Cuba embargo, easing business and travel rulesReuters CanadaWASHINGTON (Reuters) – The Obama administration announced wide-ranging new rules on Friday to further ease trade, travel and investment restrictions with Cuba, the latest effort to chip away at the long-standing U.S. economic embargo amid a thaw …US Eases Some Limits on Cuban Travel and CommerceNew York TimesUS relaxes trade, travel restrictions on CubaAl Jazeera AmericaUS announces sweeping changes easing restrictions on business, travel to CubaFox Newsall 716 news articles »
