There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
Latest News
5 smart strategies for renewing your mortgage + MORE Mar 24th
Owning a home has plenty of benefits, but it’s not without challenges. Over one million mortgages in Canada are set to renew in the next few years, and many home owners will be faced with higher interest rates. If you’re in this situation, you may feel squeezed in two ways: a higher interest rat.... More »
Telecommuting on the rise to meet challenges of real estate market, labour shortage Nov 4th
Remote workers are looking better than ever to companies contending with expensive office space and a shortage of skilled workers who may not be able to afford housing in major urban centres..... More »
Loonie, TSX continue descent following Brexit vote + MORE Jun 27th
TORONTO – The Canadian dollar is continuing its descent as markets around the world continue to take stock of last week’s Brexit vote.
The loonie began the week at 76.63 cents US in early morning trading shortly after North American stock markets opened, down 0.3 of a cent from Friday’s close..... More »
Making sense of the markets this week: January 8, 2023 + MORE Jan 6th
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.
Putting 2022 into context (it was pretty bad)
What caught my eye this week? This chart from Ben Carlson:
Source: A W.... More »
Markets resume steep drops after Brexit vote shocker + MORE Jun 24th
A sea of red washed over global financial markets on Friday in reaction to Britons' shocking vote to Brexit the European Union, with the British pound down to its lowest point since 1985 and the Canadian dollar lost more than a cent against the U.S. dollar..... More »
TORONTO – Ontario home buyers and sellers will soon be allowed to provide electronic signatures on real estate documents.
Changes to the Electronic Commerce Act take effect July 1, making electronic signatures legally equivalent to handwritten ones in real estate deals.
Current regulations require real estate documents, such as agreements of purchase and sale, to be signed by hand on hard copies.
Patricia Verge, president of the Ontario Real Estate Association, calls the changes to the act “great news for realtors as well as consumers,” and says the option to sign electronically will make home-buying and selling more efficient.
Five other provinces, including Quebec, New Brunswick, Manitoba, Newfoundland and Labrador and Prince Edward Island, allow electronic signatures for real estate transactions.
The post Electronic signatures to be accepted in Ontario real estate deals appeared first on MoneySense.
Business RecorderCANADA STOCKS-TSX dives as Greece crisis spurs bank selloffReuters… * TSX sheds 224.20 points, or 1.51 percent, to 14,583.89. * All 10 main groups fall, banks weigh heaviest. By Alastair Sharp. TORONTO, June 29 (Reuters) – Canada's main stock index fell more than 1.5 percent on Monday as investors fretted about the …At midday: TSX dives as Greece crisis spurs bank selloffThe Globe and MailTSX down almost 300 points, retreat fuelled by Greek debt crisisGlobalnews.caCanada Stocks Fall, Erasing Gain for 2015, Amid Greece ConcernsBloombergbnn.caall 19 news articles »
CBC.caStock markets slump as Greece mulls euro 'suicide' in referendumCBC.caWorld stock markets sold off heavily Monday as high stakes negotiations between Greece and its many creditors entered their 11th hour with no deal in sight. CBC's Margaret Evans on repercussions beyond the eurozone3:27. The TSX was down by 296 …Live Coverage | Tsipras Invokes FDR, Telling Greeks, 'the Only Thing to Fear …New York TimesGreece threatens top court action to block GrexitTelegraph.co.ukGreek PM urges 'No' to aid deal, says Athens won't leave the euroReutersUSA TODAY -Wall Street Journal (blog) -Hellenic Shipping News Worldwideall 7,961 news articles »
Ontario home buyers and sellers will soon be allowed to provide electronic signatures on real estate documents.
Dubai developer Limitless to repay $564 million in debt, most of it to banks
– canadianbusiness.com
DUBAI, United Arab Emirates – An indebted Dubai real estate developer says it will repay more than half a billion dollars in money owed to banks and trade creditors as part of its financial restructuring.
The state-controlled company, Limitless, said Monday that more than 90 per cent of the $564 million it will repay will go toward its bank debt, which represents 42 per cent of the company’s total debt of $1.2 billion. The company says it sold land in Saudi Arabia to help fund repayment.
Limitless says it is negotiating with banks to agree on new terms for the remaining debt payment, including an extension until December 2018. Limitless says that nearly all the banks have agreed to the revised terms.
The company was hard hit during the emirate’s 2009 financial crisis, which saw property prices plunge.
The post Dubai developer Limitless to repay $564 million in debt, most of it to banks appeared first on Canadian Business – Your Source For Business News.
The state-controlled company, Limitless, said Monday that more than 90 per cent of the $564 million it will repay will go toward its bank debt, which represents 42 per cent of the company’s total debt of $1.2 billion. The company says it sold land in Saudi Arabia to help fund repayment.
Limitless says it is negotiating with banks to agree on new terms for the remaining debt payment, including an extension until December 2018. Limitless says that nearly all the banks have agreed to the revised terms.
The company was hard hit during the emirate’s 2009 financial crisis, which saw property prices plunge.
The post Dubai developer Limitless to repay $564 million in debt, most of it to banks appeared first on Canadian Business – Your Source For Business News.
