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The best student credit cards in Canada for 2023 + MORE Sep 13th
Credit Cards
The best student credit cards in Canada for 2023
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Shares of several Canadian cannabis companies temporarily halted on TSX + MORE Dec 29th
Several Canadian cannabis companies had their stocks temporarily halted on the Toronto Stock Exchange early Friday afternoon due to volatile swings in trading..... More »
The best 5-year fixed mortgage rates in Canada + MORE Jul 18th
Mortgages
The 20 best credit cards in Canada for July 2023
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Toronto stock market a rare bright spot as U.S. indexes, loonie, oil and gold fall + MORE Aug 30th
TORONTO – The Toronto stock market was a rare bright spot in morning trading today as American indexes, oil, gold and the loonie all lost ground.
The S&P/TSX composite index rose 52.47 points to 14,733.44.
The Dow Jones industrial average was down by 57.15 points to 18,445.84, the broader .... More »
US-China tension laid bare at Asian economic summit - Financial Times Nov 18th
Financial TimesUS-China tension laid bare at Asian economic summitFinancial TimesRivalry between the US and China was laid bare at the Asia Pacific Economic Co-operation meeting over the weekend, as Xi Jinping, China's president, and Mike Pence, US vice-president, sparred over trade and securit.... More »
Citgo Aruba to invest $450M to $650M to reopen idle refinery
– canadianbusiness.com
SAN JUAN, Puerto Rico – Citgo Aruba announced Saturday it will invest $450 million to $650 million to reactivate an oil refinery in Aruba that has been idle since 2012.
The company said Saturday in a statement that the facility in San Nicolas will be retrofitted over the next 18 to 24 months. The refinery is expected to process up to 209,000 barrels per day of Venezuelan extra-heavy crude into intermediate crude. It will then send the oil to its U.S. refining network for further processing.
Citgo has a 15-year operational lease with a 10-year extension option under the agreement between the Aruban government and the U.S.-based subsidiary of Venezuelan state oil company PDVSA. Officials signed the deal during a ceremony in Caracas on Friday.
“This is a very strong project from both the technical and financial perspective. It is a strategic partnership that will benefit Citgo Aruba, PDVSA, Venezuela and Aruba,” said Citgo Petroleum Corp. President and CEO Nelson P. Martinez…
The company said Saturday in a statement that the facility in San Nicolas will be retrofitted over the next 18 to 24 months. The refinery is expected to process up to 209,000 barrels per day of Venezuelan extra-heavy crude into intermediate crude. It will then send the oil to its U.S. refining network for further processing.
Citgo has a 15-year operational lease with a 10-year extension option under the agreement between the Aruban government and the U.S.-based subsidiary of Venezuelan state oil company PDVSA. Officials signed the deal during a ceremony in Caracas on Friday.
“This is a very strong project from both the technical and financial perspective. It is a strategic partnership that will benefit Citgo Aruba, PDVSA, Venezuela and Aruba,” said Citgo Petroleum Corp. President and CEO Nelson P. Martinez…
OTTAWA – Co-operative housing providers are being given a multi-million-dollar financial boost by the federal government to help thousands of low-income tenants stay in their homes.
The minister in charge of the federal housing file says co-ops will be able to pay off the federally backed, high-interest mortgages they signed decades ago with no penalty.
Social Development Minister Jean-Yves Duclos says the government will provide $150 million over four years to federally funded co-ops and non-profit housing providers to help them pay off their federal loans, allowing them a chance to test the private market for mortgages at vastly reduced rates.
For a place like Winnipeg’s Village Canadien, the move will save the co-op about $50,000 a month in interest payments.
The previous Conservatives government promised the money in the 2015 budget, but deferred the spending until this year.
Duclos, in a speech Saturday to co-op housing providers in Hamilton, said the funding should reduce their expenses, let them use private capital to finance repairs and become self-sustaining and not reliant on federal funding to keep operations afloat…
The minister in charge of the federal housing file says co-ops will be able to pay off the federally backed, high-interest mortgages they signed decades ago with no penalty.
Social Development Minister Jean-Yves Duclos says the government will provide $150 million over four years to federally funded co-ops and non-profit housing providers to help them pay off their federal loans, allowing them a chance to test the private market for mortgages at vastly reduced rates.
For a place like Winnipeg’s Village Canadien, the move will save the co-op about $50,000 a month in interest payments.
The previous Conservatives government promised the money in the 2015 budget, but deferred the spending until this year.
Duclos, in a speech Saturday to co-op housing providers in Hamilton, said the funding should reduce their expenses, let them use private capital to finance repairs and become self-sustaining and not reliant on federal funding to keep operations afloat…
