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Latest News
Banks, credit card firms agree to cut fees charged to retailers + MORE Oct 31st
Canada's major banks and credit card companies have reached a deal with the federal government to cut the fees charged to merchants for credit transactions, sources familiar with the negotiations say..... More »
Big May Money: 4 Cash Offers You Can’t Afford to Miss! May 13th
Big news – May marks RateSupermarket’s 6th birthday (I know… we’re growing up so fast!). To celebrate, we’re hosting our biggest offer bonanza EVER – and you’re the one scoring the presents! Cash in with a better rate, check out our great free gift card offers – or enter.... More »
With millions of mortgages coming due, finance minister expects banks 'to work with' Canadians - CBC.ca + MORE Nov 26th
With millions of mortgages coming due, finance minister expects banks 'to work with' Canadians CBC.caA Canadian Mortgage Charter, the Home of the Week and more of this week's top real estate stories The Globe and MailThe looming threat of Canada's mortgage renewal crunch &.... More »
'Can't get blood from a stone': Banks go after senior caught in extortion scam + MORE Jan 31st
The bad guys needed less than a month to shake down a 78-year-old for $50,000. Then the victim faced another threat: legal action by the big banks looking to collect in the money she lost..... More »
Europe Stresses the Positive + MORE Oct 27th
Banks can’t lend more if there aren’t more borrowers..... More »
Loonie Looking Vulnerable Again
– blogs.wsj.com
After a few weeks of treading water, the Canadian dollar looks vulnerable again as central banks on both side of the U.S.-Canada border whip up some choppy trading for the currency.
Canadian Finance Minister Jim Flaherty resigns from cabinet
– moneysense.ca
TORONTO - Longtime Canadian Finance Minister Jim Flaherty has resigned from his cabinet position.
Flaherty, who has had the job since 2006, said Tuesday he is returning to the private sector.
He has battled a rare skin disease over the last year but he says his decision to leave politics is not related.
Prime Minister Stephen Harper’s Conservative government plans on entering an election next year with a budget surplus.
Canada’s commodity-rich economy avoided the worst of the 2008 financial crisis and has fared better than other nations. There was no mortgage meltdown or subprime crisis in Canada, and Canada’s banks are rated among the soundest in the world.
The post Canadian Finance Minister Jim Flaherty resigns from cabinet appeared first on MoneySense.
Flaherty, who has had the job since 2006, said Tuesday he is returning to the private sector.
He has battled a rare skin disease over the last year but he says his decision to leave politics is not related.
Prime Minister Stephen Harper’s Conservative government plans on entering an election next year with a budget surplus.
Canada’s commodity-rich economy avoided the worst of the 2008 financial crisis and has fared better than other nations. There was no mortgage meltdown or subprime crisis in Canada, and Canada’s banks are rated among the soundest in the world.
The post Canadian Finance Minister Jim Flaherty resigns from cabinet appeared first on MoneySense.
