Manulife results hit by lower insurance sales, slower wealth management growth + MORE Feb 7th

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Hurricane Scalise Jul 22nd

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Credit Card Review – SimplyCash Card from American Express Apr 17th

Among the ever-popular lineup of cash back credit cards, American Express offers two competitive daily spending-focused options. The SimplyCash™ Cards from American Express come with an intro bonus and rewards structure that rivals market leaders, but with a few key differences (think greater fle.... More »

Founder of Chinese company with billions in B.C. assets gets 18 years for fraud May 11th

Anbang Insurance Group's extensive B.C. holdings — including Vancouver's Bentall Centre and the largest retirement and care home company in the province — is now controlled by the Chinese government..... More »

Feds post deficit of $8.4B through first 10 months of ’17 18: estimate + MORE Apr 1st

OTTAWA _ A preliminary analysis of the federal books says the government ran a budgetary deficit of $8.4 billion through the first 10 months of the fiscal year, compared with a shortfall of $12.8 billion for the same period last year. The Finance Department’s latest monthly fiscal monitor show.... More »
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Three Money Hacks That Can Make You Richer Mar 7th

RateSupermarket.ca is pleased to partner with Planswell, bringing you even closer to retirement than ever before. Build your free financial plan today! Life hacks are usually small, resourceful lifestyle changes that can make your life easier, like turning a milk jug into a watering can, or master.... More »
Insurer reported earnings per share after items of 59 cents; analysts had been looking for earnings of 58 cents a share

Continue Reading On theglobeandmail.com »

TORONTO — Mortgage brokers say the borrower rejection rate from large banks and traditional monoline mortgage lenders has gone up as much as 20 per cent after Canada’s banking regulator imposed a new stress test for home buyers who don’t need mortgage insurance.
As a result, alternative lenders are seeing an uptick in business as brokers increasingly direct home buyers toward borrowing options that are beyond the reach of the Office of the Superintendent of Financial Institutions’ newly enacted tighter lending requirements.
READ: Your mortgage is about to get more expensive
Clients who don’t meet the bar are turning to private lenders, mortgage investment corporations (MICs) and credit unions, which are provincially regulated and not required to implement the stress test, said Carmen Campagnaro, president of Pro Funds Mortgages in Burlington, Ont.
Campagnaro is one of the brokers who said rejected loan applications to traditional lenders have risen by 20 per cent since Jan…

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