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How to cool a scorching hot real estate market + MORE Mar 29th
Sold stickers on real estate signs along Beach Drive in the greater Victoria Municipality of Oak Bay, Victoria, BC. (Don Denton/CP)
When the federal budget landed last week, Ontario Finance Minister Charles Sousa was disappointed in at least one respect. Sousa had pressed the Liberal government to d.... More »
Is it time to search for bond alternatives for your balanced portfolio? Oct 18th
I was recently warned by someone in the financial sector that it’s not a great time to invest in bond ETFs. My current asset allocation is 60% equities and 40% bonds, so I’m wondering what alternatives would you suggest for that 40% portion of my balanced portfolio?
At first I considered real.... More »
Big banks set to reveal quarterly profits as NAFTA fears and rate hikes loom Aug 21st
The big Canadian banks are set to reveal their quarterly earnings over the next week, and investors will take a close look to see whether anxiety over higher interest rates and an uncertain trade environment are hurting the economy's prospects..... More »
Darryl White officially takes reins at Bank of Montreal as chief executive + MORE Nov 1st
TORONTO _ Darryl White officially started his new job as chief executive at the Bank of Montreal today.
White takes over from Bill Downe, who retired after more than a decade in the top job.
BMO (TSX:BMO) named White, who had been the bank’s chief operating officer, as Downe’s successor .... More »
Stock markets see-saw as investors confront economic effects of coronavirus spreading - CBC.ca + MORE Mar 10th
Stock markets see-saw as investors confront economic effects of coronavirus spreading CBC.caAs the TSX tanked, this was the only stock that stayed in the green Yahoo Canada FinanceGordon Pape: There will be more gut-wrenching volatility going forward. Here's how to adjust your .... More »
OTTAWA – The mayors of Canada’s biggest cities are urging Prime Minister Justin Trudeau to unleash more federal resources in order to help municipal governments combat the growing problem of fentanyl overdoses.
The opioid crisis is a national emergency that can only be solved with federally co-ordinated national, provincial and municipal efforts, plus additional investment in harm reduction and treatment facilities, Vancouver Mayor Gregor Robertson told a news conference in Ottawa.
“Otherwise, the toll will be off the charts and the tragedy will unfold in these months and years ahead,” he said.
“Unless we get very clear co-ordination and leadership from the federal government to pull provinces and cities together, and significant resources to invest in treatment and supports for addictions, we’re going to see a horrific toll here.”
Ottawa has already promised a strategy to combat the growing crisis, which is routinely causing scores of deaths in Alberta and British Columbia, but the mayors tied the problem to another federal promise: money for affordable housing…
The opioid crisis is a national emergency that can only be solved with federally co-ordinated national, provincial and municipal efforts, plus additional investment in harm reduction and treatment facilities, Vancouver Mayor Gregor Robertson told a news conference in Ottawa.
“Otherwise, the toll will be off the charts and the tragedy will unfold in these months and years ahead,” he said.
“Unless we get very clear co-ordination and leadership from the federal government to pull provinces and cities together, and significant resources to invest in treatment and supports for addictions, we’re going to see a horrific toll here.”
Ottawa has already promised a strategy to combat the growing crisis, which is routinely causing scores of deaths in Alberta and British Columbia, but the mayors tied the problem to another federal promise: money for affordable housing…
Calendar: What investors need to know for the week ahead
– theglobeandmail.com
A daily rundown of the economic reports and corporate earnings that will be grabbing the market's attention in the week ahead
Trudeau congratulates Trump, citing close economic and security ties
– canadianbusiness.com
OTTAWA _ Prime Minister Justin Trudeau is reminding the 45th president of the United States about Canada’s historically close ties with its southern superpower neighbour.
The subtext of Trudeau’s inauguration day statement is, of course, the myriad unknowns that surround what might be in store for Canada as the irrepressible billionaire Donald Trump moves into the White House.
“Canada and the United States have built one of the closest relationships between any two countries in the world,” the statement reads. “This enduring partnership is essential to our shared prosperity and security.”
“Robust” trade, investment and inexorable economic links have long tied together the two countries, supporting millions of Canadian and American jobs, it continues.
“We both want to build economies where the middle class, and those working hard to join it, have a fair shot at success,” Trudeau says, citing one of his oft-repeated political mantras…
The subtext of Trudeau’s inauguration day statement is, of course, the myriad unknowns that surround what might be in store for Canada as the irrepressible billionaire Donald Trump moves into the White House.
“Canada and the United States have built one of the closest relationships between any two countries in the world,” the statement reads. “This enduring partnership is essential to our shared prosperity and security.”
“Robust” trade, investment and inexorable economic links have long tied together the two countries, supporting millions of Canadian and American jobs, it continues.
“We both want to build economies where the middle class, and those working hard to join it, have a fair shot at success,” Trudeau says, citing one of his oft-repeated political mantras…
How student loan servicers affect tens of millions of people
– canadianbusiness.com
WASHINGTON _ They aren’t well-known. Their names are odd. And what they do _ well, it’s complicated.
Yet student loan servicers _ with names like AES-PHEAA and Nelnet _ play a key role in the lives of the 44 million Americans who, combined, have amassed a $1.4 trillion mountain of student debt.
And this week, regulators accused the largest of them, Navient, of making it harder for borrowers to repay loans by giving them flawed information, processing payments incorrectly and failing to act on complaints.
In its lawsuit, the government’s Consumer Financial Protection Bureau demands restitution for affected borrowers and financial penalties from Navient, which manages $300 billion in loans. Navient disputes the allegations.
Here’s a look at student loan servicers and what they do.
___
Q: What function do these loan servicers provide?
A: Think of them as a liaison between a borrower and the bank or institution that extended a student loan, such as the U.S. Education Department…
Yet student loan servicers _ with names like AES-PHEAA and Nelnet _ play a key role in the lives of the 44 million Americans who, combined, have amassed a $1.4 trillion mountain of student debt.
And this week, regulators accused the largest of them, Navient, of making it harder for borrowers to repay loans by giving them flawed information, processing payments incorrectly and failing to act on complaints.
In its lawsuit, the government’s Consumer Financial Protection Bureau demands restitution for affected borrowers and financial penalties from Navient, which manages $300 billion in loans. Navient disputes the allegations.
Here’s a look at student loan servicers and what they do.
___
Q: What function do these loan servicers provide?
A: Think of them as a liaison between a borrower and the bank or institution that extended a student loan, such as the U.S. Education Department…
Many of Canada’s junior hockey league teams barely break even, records show
– canadianbusiness.com
This article originally appeared at Sportsnet.
By order of a judge in a civil action in an Alberta court, the CHL and teams from the OHL and WHL submitted financial statements that show many franchises, as many as half the field, struggling to make ends meet.
Lawyers representing more than 300 former and current players are seeking to have a class-action suit certified in courts in Calgary next month and in Toronto in March. On behalf of the players, the Charney Lawyers, a Toronto-based firm specializing in class-action law, is seeking compensation for time logged by the plaintiffs in the major junior league.
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According to the Charney website, the plaintiffs are seeking “outstanding wages, overtime pay, holiday pay and vacation pay.”
The plaintiffs’ lawyers commission engaged Kevin Mongeon, an assistant professor of sports management at Brock University, to do a work-up on the finances of CHL teams…
