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Canada’s home insurance under pressure as extreme weather costs rise Feb 19th
Canada’s home insurance safety net is starting to fray at the edges as the costs of extreme weather continue to rise. While competition is still healthy, and the country has so far avoided the coverage deserts growing in the United States, insurers are paring back policies in a variety of ways to .... More »
Podcast 21: Larry Swedroe on Investing in Retirement Dec 20th
In my final podcast episode of 2018, I’m joined by Larry Swedroe, who has long been one of my favourite authors on investing and financial planning. Larry and I discuss his latest book, Your Complete Guide to a Successful & Secure Retirement, and we focus on the challenges investors face as th.... More »
Twitter shares up 5% as they win new follower: The S&P 500 + MORE Jun 5th
Twitter Inc is joining the benchmark S&P 500 U.S. index, pushing the social media company's stock price up on Tuesday as demand surged from equities investors..... More »
Facebook forecast for slowing growth, rising expenses sends stock down + MORE Jul 25th
Facebook Inc. fell short of analysts' estimates for monthly active users on Wednesday, months after the social network became embroiled in a data scandal that affected millions of its users..... More »
Toronto housing market downturn to be short lived, federal housing agency says + MORE Jul 27th
The recent downturn in Toronto’s real estate market, brought on after Ontario introduced measures this spring including a foreign buyers’ tax, is expected to be brief, the federal housing agency said Wednesday.
Property prices in the city _ which fell from an average of $919,589 in April.... More »
Greece’s bailout monitors approve payout of 1 billion-euro loan installment
– canadianbusiness.com
ATHENS, Greece – A key body monitoring Greece’s bailout approved the disbursement of the next batch of rescue loans Friday, after the country met outstanding reform targets that had delayed the payment.
Greece’s finance ministry said the Euro Working Group, made up of finance ministry officials from the 18-country eurozone and representatives from the European Commission and European Central Bank, approved the installment during a teleconference Friday.
Eurozone finance ministers are expected to formally approve the disbursement of the 1 billion-euro ($1.36 billion) installment in a meeting in Brussels on Monday.
To access the funds, Greece had to meet six specific targets, including passing legislation and reforming the pharmaceutical sector to lower pharmacies’ profit margins and therefore prices.
Greece has relied on international rescue loans worth a total 240 billion euros from other eurozone countries and the International Monetary Fund since May 2010 when it found itself unable to raise funds on bond markets due to a financial crisis…
Greece’s finance ministry said the Euro Working Group, made up of finance ministry officials from the 18-country eurozone and representatives from the European Commission and European Central Bank, approved the installment during a teleconference Friday.
Eurozone finance ministers are expected to formally approve the disbursement of the 1 billion-euro ($1.36 billion) installment in a meeting in Brussels on Monday.
To access the funds, Greece had to meet six specific targets, including passing legislation and reforming the pharmaceutical sector to lower pharmacies’ profit margins and therefore prices.
Greece has relied on international rescue loans worth a total 240 billion euros from other eurozone countries and the International Monetary Fund since May 2010 when it found itself unable to raise funds on bond markets due to a financial crisis…
5.5 year – 2.50%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-06-28. Click on the link above to get more details or apply online.
Why the TSX rally is built to last
– theglobeandmail.com
Unlike market surges driven by a few names, this TSX rally is broad-based
Canadians are missing billions, and no one seems to care
– macleans.ca
(Shutterstock)According to the Canadian Press, there could be anywhere from $4 billion to $7 billion in unclaimed assets sitting in accounts right now.
The Bank of Canada alone is holding nearly $1 billion from bank accounts and Canada Savings Bonds, but experts estimate unclaimed assets across the country could top $4 billion to $7 billion.
Canada is way behind other developed countries in having comprehensive unclaimed property legislation for all its residents, says accountant Brenda Potter Phelan.
“A country so progressive, so socially minded as Canada I find it hard to stomach that we don’t have some safeguards. In the U.S. and around the world they find this a main part of consumer protection,” she said from Cambridge, Ont., where she runs a website and blog called Legacy Trackers.
Four years ago I looked into the epidemic of misplaced money. It’s not just a case of forgotten bank accounts and savings bonds. Many people have also lost track of investment and mutual fund accounts…
60 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
