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Immigration minister says she's accountable after former IRGC official was granted permit for FIFA event - CBC + MORE Apr 30th
Immigration minister says she's accountable after former IRGC official was granted permit for FIFA event CBCCarney, ministers say IRGC members barred from Canada after visa granted Global NewsIranian soccer chief denied entry to Canada The Globe and MailCanadian offi.... More »
Earn 500 Bonus Aeroplan Miles on all Best Western stays until April 30 + MORE Jan 8th
We have been without an Aeroplan Best Western bonus offer for a whopping 22 days! Normally when one offer ends another starts up right away but this time it looks like the promotion department took some time off for the holiday season!. This offer is exactly the same as the fall 2019 offer of 500 bo.... More »
‘I’m just so furious’: Mother and son both fall victim to Equifax Canada hack + MORE Oct 21st
Robin Harvey thought she was being financially prudent when she urged her son to sign up to monitor their credit files at Equifax Canada in 2013.
Her son was graduating from university at the time, and the former journalist pushed him to keep a close eye on his records while reactivating her account.... More »
Finance Ministry review spurs debate about Ontario video game tax credit + MORE Mar 2nd
While some groups want Ontario to keep measure designed to lure producers others say it’s being used too broadly by other companies
.... More »
Ends soon: CIBC Dividend® Visa Infinite* Card – 10% cash back up to $300 and a first year annual fee rebate + MORE Aug 8th
The CIBC Dividend® Visa Infinite* Card’s boosted welcome bonus that provides up to $300 cash back will be ending very soon. The bonus cash back rate of 10% is awarded on up to $3,000 in spending in the first four statement periods. RWRDS Canada considers the CIBC Dividend Visa Infinite a.... More »
European Central Bank chief says targeted asset purchases, loans to banks are possible
– canadianbusiness.com
SINTRA, Portugal – European Central Bank President Mario Draghi says the ECB could take targeted steps to get credit flowing to struggling small businesses as a way to boost the tepid economic recovery.
Draghi said Monday at a conference in Sintra, Portugal, that the inability to get credit was hurting viable companies in countries such as Spain and Portugal and holding back growth there.
He said the ECB could make more credit available to banks, so that they could lend it on. Or, the ECB could purchase securities based on loans to small companies, an indirect way of making money available.
He said that “could help reduce the drag on the recovery coming from temporary credit supply constraints.”
The ECB is widely expected to take some form of action at its next policy meeting on June 5, but Draghi would not specify what the bank was likely to do.
Many economists think the bank will cut its benchmark interest rate from what is already a record low of 0.25 per cent. That would marginally reduce the cost of credit when banks borrow from the ECB, in hopes they would pass such lower rates on…
Draghi said Monday at a conference in Sintra, Portugal, that the inability to get credit was hurting viable companies in countries such as Spain and Portugal and holding back growth there.
He said the ECB could make more credit available to banks, so that they could lend it on. Or, the ECB could purchase securities based on loans to small companies, an indirect way of making money available.
He said that “could help reduce the drag on the recovery coming from temporary credit supply constraints.”
The ECB is widely expected to take some form of action at its next policy meeting on June 5, but Draghi would not specify what the bank was likely to do.
Many economists think the bank will cut its benchmark interest rate from what is already a record low of 0.25 per cent. That would marginally reduce the cost of credit when banks borrow from the ECB, in hopes they would pass such lower rates on…
