Interac e-Transfer having technical problems; customers unable to deposit + MORE Oct 2nd

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The number of Canadian IPOs was down in the third quarter, and the outlook is uncertain for the rest of the year, PwC says.

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HONG KONG – The Asian Development Bank cut its economic growth forecast for developing Asia on Wednesday, citing weakness in region’s two largest economies China and India and jitters over plans to scale back U.S. stimulus that destabilized financial markets.
The Manila-based lender said it expects the region’s emerging economies to grow by 6 per cent this year, down from 6.6 per cent predicted in April.
The ADB also cut its 2014 growth forecast, to 6.2 per cent from 6.7 per cent.
“Developing Asia is challenged to sustain its growth momentum,” the bank said in an update to its Asian Development Outlook report, which covers 45 developing or newly industrialized countries in Asia and the Pacific but excludes Japan.
The ADB said growth in China is softening after authorities took action to rein in credit growth and the shadow banking industry, part of a wider effort to reorient the economy away from exports and investment and toward more sustainable domestic consumption…

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TORONTO – Interac says it is experiencing technical problems with its Interac e-Transfer service.
Interac spokeswoman Caroline Hubberstey says the problem is mainly affecting deposits, but a few financial institutions are having problems sending funds.
Hubberstey says most people are able to send an Interac e-Transfer but when the notification for deposit arrives at the receiver, the receiver may be unable to deposit the funds.
Hubberstey said Tuesday night that Interac was working to resolve the issue and hoped to have systems restored soon.
She says the service is affected across the country and the problem was first noticed on Tuesday morning.
She says all other Interac services — Interac Debit, Interac Cash and Interac Online — are operating normally.
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Christy Clark says agreement on liquefied natural gas exports would pave the way for billions of dollars in new investment from the energy sector

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At some point, province must cut off generous tax credits which reward French developer’s investment

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