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Latest News
U.S. targets Putin's daughters with sanctions amid outrage over civilian deaths in Ukraine - CBC News + MORE Apr 6th
U.S. targets Putin's daughters with sanctions amid outrage over civilian deaths in Ukraine CBC NewsRussia-Ukraine live updates: U.S., U.K. unveil new sanctions in bid to escalate Russian financial shock The Globe and MailUkraine news: Sanctions for Putin's daughters, Russian ba.... More »
BoC expected to raise rates again this week, vying to quash inflation faster - CTV News + MORE Jul 9th
BoC expected to raise rates again this week, vying to quash inflation faster CTV NewsHow to prepare for Bank of Canada's anticipated interest rate hike this week Global NewsCanadian banks poised for 0.25% interest rate hike: lot of pain yet to come, economist says Ya.... More »
Making sense of the markets this week: October 23 Oct 21st
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Bank on higher interest rates leading to increased profits
U.S. earnings season is in full swing, and the banks were some of the fi.... More »
‘Tis the Season to Spring Clean Your Wallet + MORE Apr 25th
The official start of the season may have been last month, but now we can confidently say that spring is finally in full swing. So as we start fresh and give into the annual “spring cleaning” tradition, why not give financial spring cleaning a try? Check out these tips to find areas in your l.... More »
BOJ’s Kuroda warns low rates may sow seeds of new financial crisis Feb 16th
Bank of Japan Governor offers his strongest warning to date of the demerits of aggressive monetary easing pursued by major central banks
.... More »
24 Sussex revamp could cost $38 million: report
– macleans.ca
The Canadian prime ministers’ residence, 24 Sussex, is seen on the banks of the Ottawa River in Ottawa on Oct. 26, 2015. THE CANADIAN PRESS/Sean KilpatrickOTTAWA – A report from iPolitics says restoration and repairs to the prime minister’s residence at 24 Sussex Drive, including building a new annex with private quarters and a pool, could cost almost $38 million.
The online news site says documents provided mainly by development consultants Marshall & Murray Inc., and Ottawa-based KWC Architects, with numbers up to date as of last February, suggest renovations to the main building to replace the electrical system, install new exterior windows and doors and build a new sun room, among other things, are projected to cost $13.49 million.
The report says there is also a proposal to spend another $11.99 million to erect a new building on the site, replacing a pool house built for Pierre Trudeau in 1975.
It says the existing pool house would be demolished and replaced by new living quarters for the prime minister, leaving the existing residence to accommodate state and support functions…
Sudden currency move spoils business at Indian food market
– canadianbusiness.com
NEW DELHI – The scale of India’s cash economy can be seen in the Azadpur Mandi wholesale fruit and vegetable market. Trucks bring load after load of fresh produce to its grimy lanes every day. Then a complex web of wholesale merchants, smaller traders and retailers delivers the produce to most of north India.
Almost every transaction, like most in India, is done in cash. And business at the massive New Delhi market is evaporating, the food spoiling and wasted, two weeks after the government’s surprise currency move made more than 80 per cent of India’s banknotes useless.
By withdrawing all 500- and 1,000-rupee notes from circulation, the government is trying to clean India’s economy of “black money,” or untaxed wealth. Its success remains to be seen, but for now the move has created serpentine queues outsides banks and ATMs of people replacing their rupee notes or making small withdrawals.
Few people have access to banks, however. The vast majority of Indians earn and spend in cash, and more than half of the country’s 1…
Almost every transaction, like most in India, is done in cash. And business at the massive New Delhi market is evaporating, the food spoiling and wasted, two weeks after the government’s surprise currency move made more than 80 per cent of India’s banknotes useless.
By withdrawing all 500- and 1,000-rupee notes from circulation, the government is trying to clean India’s economy of “black money,” or untaxed wealth. Its success remains to be seen, but for now the move has created serpentine queues outsides banks and ATMs of people replacing their rupee notes or making small withdrawals.
Few people have access to banks, however. The vast majority of Indians earn and spend in cash, and more than half of the country’s 1…
Review: American Express Essential™ Credit Card
– ratesupermarket.ca
In August, American Express introduced the American Express Essential™ Credit Card to the Canadian marketplace. This brand new low-rate card differs from its competitors because of its 8.99% annual interest rate, whereas the majority of products within this category have rates ranging from 9.90 per cent to 14.99 per cent. It also has no annual fee, unlike many of its competitors. Additionally, new cardholders can take advantage of its low 1.99 per cent interest balance transfer rate for the first six months.
Card Features: Average
The American Express Essential™ Credit Card is mainly aimed at giving cardholders a bit of a break on long-term balances by offering a much lower-than-average annual interest rate. And because it’s an American Express card, it offers plenty of other features, including:
A balance transfer option at the time of application
The Front of the Line program, giving cardholders advance or special access to events, reserved tickets, e-updates and special offers
24/7 customer service
Apple Pay
No fee for supplementary cards
Annual Interest and Balance Transfer Features: Average
Cardholders must take advantage of the 1…
