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New mortgage rules behind slide in B.C. home sales: real estate association + MORE Mar 15th
VANCOUVER _ The British Columbia Real Estate Association says tough mortgage qualification rules are a key reason for a provincewide drop in housing demand last month compared with February 2017.
The association says home sales fell 5.7 per cent in February, with about 6,200 properties changing hand.... More »
Does buying GICs still make sense after the recent rate cuts? + MORE Oct 2nd
The Bank of Canada (BoC) recently lowered its policy interest rate by another 25 basis points, from 4.50% to 4.25%. It was the central bank’s third consecutive cut, and economists widely expect more cuts before the end of the year.
What does it mean for Canadians as borrowers and savers when in.... More »
Traveler By Day, Trader By Night + MORE Sep 24th
Trading stocks is a great way to earn extra money from anywhere in the world. Thanks to the advancement of technology, it has never been easier to track your investments and make quick decisions, even without a broker. Keep reading to learn more about the advantages of trading without a broker, how .... More »
Tillerson out at State, to be replaced by CIA chief Pompeo + MORE Mar 13th
U.S. Secretary of State Rex Tillerson arrives to a news conference with U.S. President Donald Trump and Swedish Prime Minister Stefan Lofven in the East Room of the White House March 6, 2018 in Washington, DC. Trump and Lofven are looking to focus on trade and investment between the two countries an.... More »
Morneau to weigh in on OSFI's ‘bank’ branding crackdown + MORE Jul 25th
Canadian banking regulator announced plan to levy penalties against non-bank financial institutions using terms such ‘banking’ and ‘banker’ last month, drawing credit-union trade group’s ire
.... More »
Pope urges US and Cuba to push detente further – The Globe and Mail
– news.google.ca
The Globe and MailPope urges US and Cuba to push detente furtherThe Globe and MailPope Francis told former Cold War foes Cuba and the United States on Saturday to set an example for the world by deepening the recent rapprochement that he helped broker. His zucchetto skullcap flying off in the Caribbean breeze at the start of a nine …In Cuba, Pope delivers veiled critiqueCNNCubans Have Mixed Opinions on Effect of Visit by Pope FrancisNew York TimesThe Latest: Crowds leave after Pope enters Havana residenceWXIXThe Guardian -WKMG Orlandoall 5,143 news articles »
Bully for the white-collar crackdown
– macleans.ca
(Mark Wilson/Getty Images)
In early 2005, Martha Stewart was sitting in a prison camp in West Virginia, serving out her five-month sentence for lying about the sale of a few thousand shares in a biotech company. At the same time bankers, analysts, traders and mortgage underwriters at some of America’s largest financial institutions were deep into a shell game that would nearly bankrupt the global economy three years later. Looking back, it’s an interesting juxtaposition, because as we know now, Stewart (and, for a little Canadian content, Conrad Black) would be among the last prominent American corporate executives to be sent to the slammer for financial crimes.
To jail or not to jail, or more precisely, to pursue criminal charges or to just leave white-collar cases up to civil courts—where the likely outcome is a fine and no admission of wrongdoing—was a question the U.S. government would face a lot in the wake of Wall Street’s implosion in 2008-09. With federal prosecution of white-collar crimes at a 30-year low, the answer has overwhelmingly been to take a pass…
In early 2005, Martha Stewart was sitting in a prison camp in West Virginia, serving out her five-month sentence for lying about the sale of a few thousand shares in a biotech company. At the same time bankers, analysts, traders and mortgage underwriters at some of America’s largest financial institutions were deep into a shell game that would nearly bankrupt the global economy three years later. Looking back, it’s an interesting juxtaposition, because as we know now, Stewart (and, for a little Canadian content, Conrad Black) would be among the last prominent American corporate executives to be sent to the slammer for financial crimes.
To jail or not to jail, or more precisely, to pursue criminal charges or to just leave white-collar cases up to civil courts—where the likely outcome is a fine and no admission of wrongdoing—was a question the U.S. government would face a lot in the wake of Wall Street’s implosion in 2008-09. With federal prosecution of white-collar crimes at a 30-year low, the answer has overwhelmingly been to take a pass…
Pope urges U.S. and Cuba to push detente further
– theglobeandmail.com/globe-investor/personal-finance/rob-carrick/
Pope Francis told the former Cold War foes on Saturday to set an example for the world by deepening the recent rapprochement that he helped broker
Continue Reading On theglobeandmail.com/globe-investor/personal-finance/rob-carrick/ »
