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Calgary home sales inch up after 21 months of decline as signs of stability show + MORE Oct 4th
CALGARY – Calgary home sales inched up in September for the first year-over-year gains in almost two years.
The city saw a total of 1,488 homes sold last month compared to 1,458 a year earlier — the first such increase since November 2014, according to Calgary Real Estate Board statistics.
T.... More »
Average house price in Canada rises at slowest annual pace in 2 years in December, up 3.5% + MORE Jan 16th
The average price of a Canadian home continues to move higher, but there are signs of a slowdown, according to the Canadian Real Estate Association..... More »
TFSA contribution room calculator + MORE Apr 8th
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator.
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Tax-free savings account is a bit of a misnomer. While you can use it for straightforward savings, think of it more accurately as an investment holding account to store things like e.... More »
A tax fight has Canadians on democratic autopilot. That’s a problem. + MORE Sep 8th
Finance Minister Bill Morneau makes an announcement on housing in Toronto Monday, October 3, 2016. The federal government has announced measures intended to stabilize the real estate sector amid concerns that pockets of risk have emerged in some housing markets, particularly those in Toronto and Van.... More »
Creating a will is the “adulting” milestone you need to hit this year Jul 17th
When it comes to self-improvement, most of us have a hard time with follow-through—and whether you stuck to your Keto diet or not, there are likely items on your financial to-do list that just never get crossed off. One of the easy actions to delay is creating a will. After all, no one wants to th.... More »
Greece’s leftist government pledges privatization push; experts doubt 50B euro goal reachable
– canadianbusiness.com
ATHENS, Greece – Work was supposed to begin next year on a 7 billion euros ($7.6 billion) waterfront urban renewal project almost twice the size of New York’s Central Park that could have poured nearly a billion euros into Greece’s depleted coffers. The plans stalled late last year after the far-left Syriza party took power and promised to halt attempts at putting the private sector in control of state assets, both on ideological grounds and because leaders believe rampant corruption must be addressed before any sell-off.
Now, in an attempt to get a third European bailout and prevent the Greek economy from collapsing, the ruling party has done an about-face. It has pledged to fast-track the waterfront project, plus sell government assets and allow for private development of state-owned property, all to generate cash that will help reduce Greece’s 320-billion-euro national debt and pay back money lent by European nations to prop up ailing banks.
Experts say the goal set by Greece’s European counterparts for the country to raise 50 billion euros in privatizations and private use of state property is probably impossible — but that Greece must make a better effort than it has in the past…
Now, in an attempt to get a third European bailout and prevent the Greek economy from collapsing, the ruling party has done an about-face. It has pledged to fast-track the waterfront project, plus sell government assets and allow for private development of state-owned property, all to generate cash that will help reduce Greece’s 320-billion-euro national debt and pay back money lent by European nations to prop up ailing banks.
Experts say the goal set by Greece’s European counterparts for the country to raise 50 billion euros in privatizations and private use of state property is probably impossible — but that Greece must make a better effort than it has in the past…
Greece bailout: Merkel ally urges rethink for MPs who voted against Greek talks – The Australian Financial Review
– news.google.ca
The Australian Financial ReviewGreece bailout: Merkel ally urges rethink for MPs who voted against Greek talksThe Australian Financial ReviewThe parliamentary leader of Angela Merkel's conservatives rejected criticism of Wolfgang Schaeuble's suggestion that Greece might be better off taking a time-out from the euro zone. Reuters. The general secretary of Chancellor Angela Merkel's Christian …UPDATE 1-Merkel ally urges German MPs who voted against Greek aid talks to …ReutersMinister in Germany Discusses Greece RoleNew York Times60 of Merkel's MPs rebel over Greek loanIrish IndependentChannel News Asia -euronews -swissinfo.chall 1,886 news articles »
Firms outside US likely to move first into post-sanctions Iran, seen as ripe for investment
– canadianbusiness.com
DUBAI, United Arab Emirates – The nuclear deal is done. Now it’s time to talk business.
While it will likely be months before sanctions on Iran ease, business and political leaders are wasting no time in trying to tap into a large and what they hope will be a lucrative Iranian market.
Germany is dispatching a large trade delegation to Tehran on Sunday. Spain has a similar trip planned, and France’s top diplomat is eyeing a visit too. Ads for European cars and luxury goods are starting to reappear in Tehran. Airlines in Dubai are fast adding new Iran routes to meet growing demand.
American firms, though, have to be much more cautious. Deal or no deal, U.S. sanctions not related to the nuclear program will still be in place and bar most American companies from doing business with Iran.
That means they stand to lose out to European and Asian companies — some that still have business contacts in the country before sanctions were tightened in recent years.
“It’s easier to say who is at a disadvantage…
While it will likely be months before sanctions on Iran ease, business and political leaders are wasting no time in trying to tap into a large and what they hope will be a lucrative Iranian market.
Germany is dispatching a large trade delegation to Tehran on Sunday. Spain has a similar trip planned, and France’s top diplomat is eyeing a visit too. Ads for European cars and luxury goods are starting to reappear in Tehran. Airlines in Dubai are fast adding new Iran routes to meet growing demand.
American firms, though, have to be much more cautious. Deal or no deal, U.S. sanctions not related to the nuclear program will still be in place and bar most American companies from doing business with Iran.
That means they stand to lose out to European and Asian companies — some that still have business contacts in the country before sanctions were tightened in recent years.
“It’s easier to say who is at a disadvantage…
