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Boothe: Public sector investment isn’t crowding out anyone + MORE Jul 14th
photo illustration by sarah mackinnon
Is the public sector holding back provincial growth rates by crowding out private sector investment? That’s the contention of a recent C.D. Howe paper by Philip Cross. The paper provides a great case study of the danger of confusing correlation with causal.... More »
What does the U.S. election outcome mean for Canadian investors? Oct 25th
In a few days, millions of Americans will head to the polls to vote for either Donald Trump or Joe Biden, while millions of Canadians will be in front of their screens, waiting to see how the night unfolds. But while it’s certainly going to be enthralling—and probably very long—evening,.... More »
US State Secretary won't specify timeline of denuclearization of North Korea - Globalnews.ca Jul 26th
Globalnews.caUS State Secretary won't specify timeline of denuclearization of North KoreaGlobalnews.caWATCH: U.S. Secretary of State Mike Pompeo stated that the United States is engaged in "patient diplomacy" with North Korea but it won't let this drag out to no end during a Sena.... More »
What expenses can you deduct for a second property in Canada? + MORE Sep 14th
If someone owns a second property, what can they deduct? Can they deduct the cost of purchasing or renovations?—Nicole
The types of expenses you can deduct for a second property
There are several expenses that can be deducted from a second property, particularly if it is designated as an inv.... More »
The smart seller’s secret to reducing capital gains tax in Canada + MORE Jul 18th
For many Canadians, selling a property can come with a surprise: the capital gains tax. Whether it’s a cottage, rental property, or former principal residence, understanding how capital gains are calculated and how a professional appraisal can significantly reduce your tax burden is crucial. .... More »
US regulator of Fannie, Freddie says agency won’t reduce limits on loans they can purchase
– canadianbusiness.com
WASHINGTON – The regulator overseeing government-controlled mortgage giants Fannie Mae and Freddie Mac has announced a policy that could make more loan money available to borrowers.
Mel Watt, the director of the Federal Housing Finance Agency, said Tuesday in his first public speech that the agency will not reduce current limits on amounts of mortgages that Fannie and Freddie can purchase. The decision was based on concern that a reduction could negatively affect the health of the $10 trillion housing-finance market, he said.
Watt’s predecessor, Edward DeMarco, had floated the idea of reducing the maximum loan limits.
The government rescued Fannie and Freddie during the financial crisis in 2008. They received total taxpayer aid of $187 billion, which they have since returned. The companies finance about 60 per cent of U.S. mortgages issued.
The post US regulator of Fannie, Freddie says agency won’t reduce limits on loans they can purchase appeared first on Canadian Business.
Mel Watt, the director of the Federal Housing Finance Agency, said Tuesday in his first public speech that the agency will not reduce current limits on amounts of mortgages that Fannie and Freddie can purchase. The decision was based on concern that a reduction could negatively affect the health of the $10 trillion housing-finance market, he said.
Watt’s predecessor, Edward DeMarco, had floated the idea of reducing the maximum loan limits.
The government rescued Fannie and Freddie during the financial crisis in 2008. They received total taxpayer aid of $187 billion, which they have since returned. The companies finance about 60 per cent of U.S. mortgages issued.
The post US regulator of Fannie, Freddie says agency won’t reduce limits on loans they can purchase appeared first on Canadian Business.
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
120 days – 1.70%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
5.5 year – 2.80%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-03-11. Click on the link above to get more details or apply online.
AGF hires new CIO to oversee expansion push
– theglobeandmail.com
Asset manager hires new investment head to lead global, institutional growth effort
