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The best American Express credit cards in Canada for 2024 May 11th
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The best American Express credit cards in Canada for 2024
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The best high-interest savings accounts in Canada for 2025 + MORE Aug 18th
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How to find a collective or community kitchen in your area Apr 24th
Food banks, family resource centres and health agencies are also excellent resources for information about kitchens that might be starting in your neighbourhood..... More »
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Review: Scotiabank Gold American Express® Card Nov 1st
Looking to earn travel rewards faster? The Scotiabank Gold American Express® Card is a quick route to getting you to the destination of your dreams. As part of the Scotia Rewards program, cardholders can earn four times the points on gas stations, grocery stores, dining and entertainment experienc.... More »
Insurance a key battleground in fight for Canadian boomers: TD
– theglobeandmail.com
CEO Ed Clark asserted that the country’s banks value insurance as part of their one-stop-shop strategy
Judge again rejects compromise between Detroit, banks in key step in bankruptcy
– canadianbusiness.com
LANSING, Mich. – A judge overseeing Detroit’s bankruptcy again rejected a deal Thursday to get the city out of a disastrous financial agreement with major banks.
Judge Steven Rhodes on Thursday turned down a more than $165 million compromise, saying “it’s just too much money.” He had rejected a $230 million deal in December.
The agreement is considered a key step as the city comes up with a sweeping plan to exit bankruptcy.
In 2009, Detroit pledged a critical revenue source, casino taxes, as collateral to avoid defaulting on pension debt payments. That agreement allowed the city to get fixed interest rates on bonds with UBS and Bank of America. But it backfired when rates dropped during the recession.
Detroit had lined up a loan to pay for the settlement.
Earlier Thursday, Gov. Rick Snyder met with Michigan lawmakers to discuss the possibility of contributing state money to shore up Detroit’s pension plans and prevent the sale of city-owned art, days after foundations committed $330 million to the effort…
Judge Steven Rhodes on Thursday turned down a more than $165 million compromise, saying “it’s just too much money.” He had rejected a $230 million deal in December.
The agreement is considered a key step as the city comes up with a sweeping plan to exit bankruptcy.
In 2009, Detroit pledged a critical revenue source, casino taxes, as collateral to avoid defaulting on pension debt payments. That agreement allowed the city to get fixed interest rates on bonds with UBS and Bank of America. But it backfired when rates dropped during the recession.
Detroit had lined up a loan to pay for the settlement.
Earlier Thursday, Gov. Rick Snyder met with Michigan lawmakers to discuss the possibility of contributing state money to shore up Detroit’s pension plans and prevent the sale of city-owned art, days after foundations committed $330 million to the effort…
Fixed-income business turns ugly for U.S. banks
– theglobeandmail.com
Institutions suffer second straight quarter of rough returns
