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Home Capital’s lifeline cost $210-million in latest quarter + MORE Jun 29th
Alternative mortgage lender tallying the financial toll that months of grappling with investor concerns and a run on its deposits have had
.... More »
Making sense of the markets this week: January 1, 2023 + MORE Dec 30th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines of the week and offers context for Canadian investors.
Before looking ahead to 2023, I just want to give a big “Thank you” to writer Dale Roberts and our editorial team, inc.... More »
Range Resources boosts natural gas assets with Memorial Resource buy + MORE May 16th
Deal for $3.3-billion, excluding debt of $1.1-billion
.... More »
Toronto’s deflating housing bubble, in one chart + MORE Jul 7th
(iStock)
Home sales in Canada’s largest city slowed down for the third month in a row, according to numbers released from the Toronto Real Estate Board. That came as new listings rose nearly 16 per cent, and active listings surged over the year before.
The average house price still managed to inc.... More »
Australian bank reinstates traders still under legal cloud + MORE Oct 5th
CANBERRA, Australia – An Australian bank chief executive told a parliamentary committee on Wednesday that traders implicated in market manipulation allegations had been suspended then reinstated without those accusations being judged by a court.
The Australian Securities and Investments Commis.... More »
Thanks TFSA, we don’t need the Home Buyers’ Plan anymore
– myownadvisor.ca
Learn, save, invest and prosper by subscribing to My Own Advisor.
Buying a home can and is, expensive. We know. We are home-moaners ourselves. It was the biggest financial decision of our life and probably always will be. That makes saving for your home or condo purchase an expensive and important task.
Effective June 1st this year, the mortgage loan insurance premium for homebuyers (via the Canada Mortgage and Housing Corporation) with less than a 10% down payment increased by approximately 15%. This basically means if you don’t have a sizeable down payment, you’ll pay more in mortgage loan insurance to protect lenders against your mortgage default: the higher the percentage of the total house price/value that you borrow, the higher percentage you will pay in insurance premiums.
So, it goes without saying I guess, if you want to be a homeowner you should at least come up with a modest down payment otherwise homeownership is not for you, financially, at least not right now…
Buying a home can and is, expensive. We know. We are home-moaners ourselves. It was the biggest financial decision of our life and probably always will be. That makes saving for your home or condo purchase an expensive and important task.
Effective June 1st this year, the mortgage loan insurance premium for homebuyers (via the Canada Mortgage and Housing Corporation) with less than a 10% down payment increased by approximately 15%. This basically means if you don’t have a sizeable down payment, you’ll pay more in mortgage loan insurance to protect lenders against your mortgage default: the higher the percentage of the total house price/value that you borrow, the higher percentage you will pay in insurance premiums.
So, it goes without saying I guess, if you want to be a homeowner you should at least come up with a modest down payment otherwise homeownership is not for you, financially, at least not right now…
Frankfurt exchange operator Deutsche Boerse buying foreign exchange trading platform 360T
– canadianbusiness.com
BERLIN – Frankfurt stock exchange operator Deutsche Boerse AG says it is buying foreign exchange trading platform 360T for 725 million euros ($796 million).
Deutsche Boerse said Sunday that it plans to finance the acquisition of 360T using a combination of debt and equity, a route aimed at minimizing any impact on its credit rating. It says 360T, which is based in Frankfurt and whose customers include corporate clients and banks, has seen double-digit annual revenue growth since it was founded in 2000.
The deal requires approval from competition and supervisory authorities.
The post Frankfurt exchange operator Deutsche Boerse buying foreign exchange trading platform 360T appeared first on Canadian Business – Your Source For Business News.
Deutsche Boerse said Sunday that it plans to finance the acquisition of 360T using a combination of debt and equity, a route aimed at minimizing any impact on its credit rating. It says 360T, which is based in Frankfurt and whose customers include corporate clients and banks, has seen double-digit annual revenue growth since it was founded in 2000.
The deal requires approval from competition and supervisory authorities.
The post Frankfurt exchange operator Deutsche Boerse buying foreign exchange trading platform 360T appeared first on Canadian Business – Your Source For Business News.
B.C. finance minister heads to Malaysia to discuss Petronas LNG deal
– canadianbusiness.com
VICTORIA – British Columbia’s finance minister is travelling to Malaysia to discuss a $36 billion liquefied natural gas project in the province’s northwest.
Michael de Jong will meet with officials over the next six days to discuss the ratification of a project agreement with Pacific Northwest LNG, a consortium led by Malaysia energy giant Petronas.
The province passed legislation this week that allowed it to enter into an agreement with the consortium to build an LNG export terminal near Prince Rupert.
The Opposition New Democrats voted against the legislation, which protects Pacific Northwest LNG from targeted tax increases for 25 years.
The project would be the largest private investment in B.C. history, creating 4,500 construction jobs and generating $8.6 billion in taxes and revenues by 2030.
The B.C. government estimates that travel and accommodation for the minister and his chief of staff will cost about $7,900.
“Now that the province has met its obligations, we are an important step closer to the company’s final investment decision and the start of an LNG industry in B…
Michael de Jong will meet with officials over the next six days to discuss the ratification of a project agreement with Pacific Northwest LNG, a consortium led by Malaysia energy giant Petronas.
The province passed legislation this week that allowed it to enter into an agreement with the consortium to build an LNG export terminal near Prince Rupert.
The Opposition New Democrats voted against the legislation, which protects Pacific Northwest LNG from targeted tax increases for 25 years.
The project would be the largest private investment in B.C. history, creating 4,500 construction jobs and generating $8.6 billion in taxes and revenues by 2030.
The B.C. government estimates that travel and accommodation for the minister and his chief of staff will cost about $7,900.
“Now that the province has met its obligations, we are an important step closer to the company’s final investment decision and the start of an LNG industry in B…
