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Latest News
Eyeing weakness in Russian economy, West seeks to inflict more pain on Moscow Jul 30th
WASHINGTON – Citing Russia’s stalled growth rate and a flow of foreign capital out of Moscow, U.S. and European officials hope a new round of sanctions targeting energy and defence entities, as well as major banks, will deepen Russia’s economic pain even further and force President.... More »
Importers of Greek food stockpiling products amid economic turmoil + MORE Jul 6th
TORONTO – Major Canadian importers of olive oil, sea salt, preserved vegetables and other delicacies from Greece say they’ve been stockpiling goods in their warehouses in anticipation that the economic turmoil overseas will get worse.
The Canadian companies say the economic crisis in Gre.... More »
What is a Credit Union? + MORE Sep 16th
For most Canadians, financial institutions come in two forms: a bricks-and-mortar bank, or the online version of the same thing. But for many, particularly in Quebec and western Canada, there’s an alternative option: credit unions.
Origin of the Credit Union
At the beginning of the 20th century, .... More »
Making sense of the markets this week, October 31, 2021 Oct 30th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Scotiabank says 8 rate hikes are on the way
Scotiabank’s Derek Holt shared that we could see eight rate hikes in Canada over the next two years. That is ag.... More »
Central banks filled with policy makers with little real-world experience + MORE Apr 29th
It's rare for an industry executive or a business leader to be at the helm of a central bank. Instead, boards are packed with economists and academics, meaning monetary policy is mostly decided by unelected theoreticians who have little stake in the game.
.... More »
Fewer US homes repossessed by lenders in January, but some states could see foreclosure surge
– canadianbusiness.com
LOS ANGELES, Calif. – Lenders repossessed fewer U.S. homes in January, bringing the number of completed foreclosures down to the lowest level in more than six years.
Even so, many states posted sharp increases in the number of homes entering the foreclosure process for the first time, a trend that raises the likelihood that those states will see a surge in foreclosed homes later this year.
Banks took back 30,226 homes last month, a drop of 4 per cent from December, foreclosure listing firm RealtyTrac Inc. said Thursday.
Completed foreclosures were down 40 per cent from January last year to the lowest level since July 2007, the firm said.
A dozen states posted annual increases in foreclosures, including New York, Oklahoma, Connecticut and New Jersey.
While foreclosures remain elevated in many populous states, they have been steadily on the wane since the U.S. housing market and economy began to rebound after years of decline.
The U.S. housing market has emerged from a deep slump, aided by rising home prices, steady job growth and fewer troubled loans dating back to the housing-bubble days…
Even so, many states posted sharp increases in the number of homes entering the foreclosure process for the first time, a trend that raises the likelihood that those states will see a surge in foreclosed homes later this year.
Banks took back 30,226 homes last month, a drop of 4 per cent from December, foreclosure listing firm RealtyTrac Inc. said Thursday.
Completed foreclosures were down 40 per cent from January last year to the lowest level since July 2007, the firm said.
A dozen states posted annual increases in foreclosures, including New York, Oklahoma, Connecticut and New Jersey.
While foreclosures remain elevated in many populous states, they have been steadily on the wane since the U.S. housing market and economy began to rebound after years of decline.
The U.S. housing market has emerged from a deep slump, aided by rising home prices, steady job growth and fewer troubled loans dating back to the housing-bubble days…
Canadian banks slash online trading fees
– theglobeandmail.com
Lower fees seen as essential in battle for younger customers
