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Should you get a 30-year mortgage? + MORE Feb 25th
Signing a 30-year mortgage in Canada can be an attractive option for some home buyers in the face of relentless real estate prices.
In the city of Toronto, the average selling price for all home types reached $1.07 million in January 2022, according to figures from the Toronto Regional Real Estat.... More »
'Davos in the Desert' summit loses media, business support over missing journalist + MORE Oct 14th
A number of international business leaders and media companies are distancing themselves from Saudi Arabia ahead of an investment summit in the kingdom later this month, stoking pressure on the Gulf kingdom to explain what happened to a dissident writer who disappeared after visiting.... More »
CIBC: It’s time for a ‘flipping tax’ on foreign investors + MORE May 14th
A sold home is pictured in Vancouver, B.C., Thursday, Feb. 11, 2016. Canada Mortgage and Housing Corporation says there is mounting evidence that house prices in a number of Canadian cities are out of whack with incomes and other economic fundamentals.The latest report from CMHC says there is eviden.... More »
Toll highways in Toronto could pave way for other cities + MORE Nov 25th
Vehicles makes there way into and out of downtown Toronto along the Gardiner Expressway in Toronto. THE CANADIAN PRESS/Nathan Denette
TORONTO – The mayor of Canada’s most populous city announced a plan Thursday to impose tolls on two major highways in and out of Toronto’s downtown .... More »
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 »
Growing numbers of grizzly bears killing more Montana livestock this year than in all 2014
– canadianbusiness.com
HELENA, Mont. – Growing numbers of grizzly bears venturing east from the Rocky Mountains are attacking more domestic cattle and sheep.
Montana’s livestock-loss program has reimbursed ranchers for 42 animals killed by grizzlies so far this year — eight more than in all of 2014, not counting the 22 cattle lost this year to bears that have not yet been claimed.
One report came from as far east as Floweree, Montana, about 100 miles northeast of Helena, George Edwards of the Montana Livestock Loss Board said Tuesday.
Wyoming officials expect a less drastic increase in livestock attacks and the range of roaming by grizzly bears this year. “We’re having what I guess you would call a steady increase in livestock depredation as grizzly population and area expand,” said Brian DeBolt, Wyoming’s large carnivore conflict co-ordinator.
This is only the third year Montana has offered financial relief to ranchers who lose livestock to grizzlies, but Edwards said the state has long been encouraging people to report bears’ interactions with livestock…
Montana’s livestock-loss program has reimbursed ranchers for 42 animals killed by grizzlies so far this year — eight more than in all of 2014, not counting the 22 cattle lost this year to bears that have not yet been claimed.
One report came from as far east as Floweree, Montana, about 100 miles northeast of Helena, George Edwards of the Montana Livestock Loss Board said Tuesday.
Wyoming officials expect a less drastic increase in livestock attacks and the range of roaming by grizzly bears this year. “We’re having what I guess you would call a steady increase in livestock depredation as grizzly population and area expand,” said Brian DeBolt, Wyoming’s large carnivore conflict co-ordinator.
This is only the third year Montana has offered financial relief to ranchers who lose livestock to grizzlies, but Edwards said the state has long been encouraging people to report bears’ interactions with livestock…
Former Enron CFO speaks of convictions, offers business advice
– theglobeandmail.com
Andrew Fastow, the former chief financial officer of Enron Corp., admitted to the Canadian Society of Corporate Secretaries that he was “always a little surprised” to be invited to speak about ethics to business groups
Calgary businessman accused of misusing investor money in real estate deal
– canadianbusiness.com
CALGARY – A Calgary businessman is facing fraud and theft charges in a multimillion-dollar commercial real estate scam.
The RCMP allege the head of Platinum Equities sold the Dominion Place building in Calgary for his own benefit, even though it was purchased with money from investors.
Police further allege Srinivasan (Sharif) Chandran was providing false information to investors from 2005 to 2013 and diverted funds to other business ventures.
An investigation began about two years ago after police received a number of complaints from investors who said they were defrauded of roughly $20 million.
Chandran, who is 42, also faces a civil lawsuit filed by investors.
(CHQR)
The post Calgary businessman accused of misusing investor money in real estate deal appeared first on Canadian Business – Your Source For Business News.
The RCMP allege the head of Platinum Equities sold the Dominion Place building in Calgary for his own benefit, even though it was purchased with money from investors.
Police further allege Srinivasan (Sharif) Chandran was providing false information to investors from 2005 to 2013 and diverted funds to other business ventures.
An investigation began about two years ago after police received a number of complaints from investors who said they were defrauded of roughly $20 million.
Chandran, who is 42, also faces a civil lawsuit filed by investors.
(CHQR)
The post Calgary businessman accused of misusing investor money in real estate deal appeared first on Canadian Business – Your Source For Business News.
Brace for more dividend cuts as Canada oil-patch cash flow fades
– theglobeandmail.com
Companies most likely to cut their dividends include Canadian Oil Sands, Baytex and Pengrowth Energy Corp
Chat app Kik valued at $1-billion after investment from China’s Tencent
– theglobeandmail.com
The Waterloo-based startup is vying to become the 'WeChat of the West'
