The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
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Most Canadians are aware of the Big Five banks: RBC, TD, Scotiabank, BMO and CIBC. And some may even know that occasionally National Bank of Canada sneaks in and expands that list to six. But even with these accounted for, there are dozens of banks in this country, each offering its own suite of per.... More »
US drops opposition to multilateral Argentine loans
– canadianbusiness.com
BUENOS AIRES, Argentina – The United States says it will no longer oppose lending to Argentina from multilateral banks.
The U.S. Treasury statement follows a meeting between U.S. Treasury Secretary Jacob J. Lew and Argentina Finance Minister Alfonso Prat-Gay at the World Economic Forum in Davos, Switzerland, on Thursday.
It says the policy change was prompted by the Argentine government’s “progress on key issues and positive economic policy trajectory.”
Argentina is in the process of renegotiating about $10 billion of unpaid debt to US hedge funds that refused to give it debt relief at restructurings in 2005 and 2010.
Market-friendly Mauricio Macri took office as Argentine president in January, replacing Cristina Fernandez, who frequently clashed with Washington.
The post US drops opposition to multilateral Argentine loans appeared first on Canadian Business – Your Source For Business News.
The U.S. Treasury statement follows a meeting between U.S. Treasury Secretary Jacob J. Lew and Argentina Finance Minister Alfonso Prat-Gay at the World Economic Forum in Davos, Switzerland, on Thursday.
It says the policy change was prompted by the Argentine government’s “progress on key issues and positive economic policy trajectory.”
Argentina is in the process of renegotiating about $10 billion of unpaid debt to US hedge funds that refused to give it debt relief at restructurings in 2005 and 2010.
Market-friendly Mauricio Macri took office as Argentine president in January, replacing Cristina Fernandez, who frequently clashed with Washington.
The post US drops opposition to multilateral Argentine loans appeared first on Canadian Business – Your Source For Business News.
3 Ways to Beat Blue Monday Debt
– ratesupermarket.ca
Feeling a little, well, blah these days? You’re not alone; mid-January is proven to be the most depressing time of year. Known as Blue Monday, Canadians are most likely to feel down in the dumps between the 18th to the 25th, thanks to a mix of fading holiday cheer, weak sunshine, failed resolutions and – gulp – your post-holiday credit card bill.
And we’re not talking about a little over-spending guilt here. According to some recent numbers from short-term loan provider Borrowell, one in 10 Canadians feel “very” to “extremely” ashamed of their credit card debt. In fact, 52 per cent of Canadians say they’d rather share their weight or salary over their credit card debt – and 14 per cent even hide it from their spouse!
But there’s reason to cheer up – conquering that lingering credit card balance is definitely doable. The key is to shift your debt from a high-interest payment plan to something more manageable.
Here are a few ways to pay that debt down before the warm weather months…
