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Is a vacation home a good investment? Sep 20th
The benefits of owning a vacation property are obvious. A cottage, cabin, condo or trailer a short drive from your home can provide a quick weekend recharge. A property down south can serve as a regular vacation destination or a winter home for a snowbird.
Sometimes, emotions are the motivat.... More »
Karen Schuett Struck Entrepreneurial Gold in the Most Unlikely of Places + MORE Feb 27th
The journey from idea to IPO is a difficult one. In this five-part series, we look at how founders scaled their startups and reached new milestones.
It started with pigs. Or, more accurately, the “manure lagoon” they created on an Alberta hog farm. In search of help for this football field–.... More »
Making sense of the markets this week: May 14, 2023 May 12th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
U.S. Inflation continues to move in the right direction
Despite the strong April jobs report in the United States, overall inflatio.... More »
Opinion: TD Bank, which spent years playing down its money-laundering woes, still needs to come clean with investors - The Globe and Mail Oct 12th
Opinion: TD Bank, which spent years playing down its money-laundering woes, still needs to come clean with investors The Globe and MailTD Bank has to change its business strategy to cope with regulatory straitjacket The Globe and MailTD Bank to pay $3 billion in historic money-.... More »
‘Mundane works’: BMO’s Brian Belski on how to invest in rising Canadian stocks in 2018 + MORE Nov 20th
Chief investment strategist on where to put your money in Toronto stock market
.... More »
Business Highlights
– canadianbusiness.com
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British chaos means interest rates will stay low for longer
FRANKFURT, Germany (AP) — Economists say the British vote to leave the European Union means central banks are likely to have to keep their stimulus efforts in place longer. This is what helped keep the global economy afloat in the wake of the 2008 financial crisis but some may even have to unveil new stimulus or rate cuts.
That means savers will suffer longer with zero returns on their accounts. Meanwhile home buyers, companies and governments will keep on borrowing cheaply.
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Fed gives OK to 30 banks to up dividends, buy back shares
WASHINGTON (AP) — The Federal Reserve has given the green light to many major banks in the U.S. to raise dividends and buy back shares, judging them to have a sturdy enough to withstand a major economic downturn.
The “stress tests” are an annual check-up of the biggest financial institutions in the U.S.
Of the 33 that were tested, 30 banks were allowed to raise dividends or repurchase shares…
British chaos means interest rates will stay low for longer
FRANKFURT, Germany (AP) — Economists say the British vote to leave the European Union means central banks are likely to have to keep their stimulus efforts in place longer. This is what helped keep the global economy afloat in the wake of the 2008 financial crisis but some may even have to unveil new stimulus or rate cuts.
That means savers will suffer longer with zero returns on their accounts. Meanwhile home buyers, companies and governments will keep on borrowing cheaply.
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Fed gives OK to 30 banks to up dividends, buy back shares
WASHINGTON (AP) — The Federal Reserve has given the green light to many major banks in the U.S. to raise dividends and buy back shares, judging them to have a sturdy enough to withstand a major economic downturn.
The “stress tests” are an annual check-up of the biggest financial institutions in the U.S.
Of the 33 that were tested, 30 banks were allowed to raise dividends or repurchase shares…
Stock markets continued to rally from their post-Brexit losses as they posted a second straight days of gains.
Energy saving tips to lower your bill this summer
– moneysense.ca
MoneySense contributor, Bruce Sellery, offers some tips for saving money on your A/C bill—that will also help you save on your heating bill when fall and winter rolls around. Think smart thermostats.
brightcove.createExperiences();
Ask Home Owner columnist Romana King your real estate question »
Read more from Romana King at Home Owner on Facebook »
The post Energy saving tips to lower your bill this summer appeared first on MoneySense.
B.C. to end self-regulation of real estate industry
– moneysense.ca
VANCOUVER – British Columbia is ending the self-regulation of the real estate industry in a move Premier Christy Clark says is aimed at protecting consumers.
Clark said Wednesday the province will hire a new superintendent of real estate, who will take over the rule-making authority held by the B.C. Real Estate Council.
The announcement comes the day after an independent advisory group tasked with restoring consumer confidence in the industry released a report with 28 recommendations, including hefty fines for misconduct.
“After reading the report, our conclusion is that the privilege of self-regulation in the real estate industry must end,” Clark said in a statement.
Shady practices are putting consumers at risk and tarnishing the reputations of honest agents, she added.
The Real Estate Council of B.C. created the advisory group in February amid concerns about predatory sales tactics and allegations that some agents were deceiving clients in order to rack up larger commissions.
The group’s report suggested prohibiting a single agent from representing both buyers and sellers in a single transaction, having any profits received from misconduct returned to the client, and creating a confidential whistleblower hotline…
Clark said Wednesday the province will hire a new superintendent of real estate, who will take over the rule-making authority held by the B.C. Real Estate Council.
The announcement comes the day after an independent advisory group tasked with restoring consumer confidence in the industry released a report with 28 recommendations, including hefty fines for misconduct.
“After reading the report, our conclusion is that the privilege of self-regulation in the real estate industry must end,” Clark said in a statement.
Shady practices are putting consumers at risk and tarnishing the reputations of honest agents, she added.
The Real Estate Council of B.C. created the advisory group in February amid concerns about predatory sales tactics and allegations that some agents were deceiving clients in order to rack up larger commissions.
The group’s report suggested prohibiting a single agent from representing both buyers and sellers in a single transaction, having any profits received from misconduct returned to the client, and creating a confidential whistleblower hotline…
Regulators fine BancorpSouth $10.6 million for redlining
– canadianbusiness.com
NEW YORK, N.Y. – The Department of Justice and the Consumer Financial Protection Bureau fined Mississippi-based BancorpSouth $10.6 million, alleging the bank deliberately discriminated against minorities in its lending practices.
BancorpSouth, a medium-sized regional bank with $13.9 billion in assets, deliberately avoided building branches in minority neighbourhoods in Memphis, Tennessee from at least 2011 to 2013. The bank also denied loans to African Americans and other minorities when compared to neighbourhoods with smaller minority populations, the Justice Department and CFPB said Wednesday, and those minorities who were given loans were given higher interest rates when compared to non-minorities.
While BancorpSouth is based in Tupelo, Mississippi, the case deals with BancorpSouth’s presence in Memphis and stems from a 2014 investigation into BancorpSouth by the Justice Department and CFPB.
The bank had 22 branches in the Memphis area between 2011 and 2013, all of which were located outside neighbourhoods with large minority populations…
BancorpSouth, a medium-sized regional bank with $13.9 billion in assets, deliberately avoided building branches in minority neighbourhoods in Memphis, Tennessee from at least 2011 to 2013. The bank also denied loans to African Americans and other minorities when compared to neighbourhoods with smaller minority populations, the Justice Department and CFPB said Wednesday, and those minorities who were given loans were given higher interest rates when compared to non-minorities.
While BancorpSouth is based in Tupelo, Mississippi, the case deals with BancorpSouth’s presence in Memphis and stems from a 2014 investigation into BancorpSouth by the Justice Department and CFPB.
The bank had 22 branches in the Memphis area between 2011 and 2013, all of which were located outside neighbourhoods with large minority populations…
