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Toronto to explore municipal sales tax as part of plan to tackle 'unprecedented financial crisis' - CBC.ca Aug 17th
Toronto to explore municipal sales tax as part of plan to tackle 'unprecedented financial crisis' CBC.caChow to endorse new revenue tools as Toronto sends signal to Ottawa and Queen’s Park Toronto StarOlivia Chow to endorse new revenue tools as Toronto sends signal to Ottawa .... More »
Generational shift brings competition to Canada’s banks Dec 21st
Canadians who watched the World Series this year might have caught a second high-stakes clash going on between plays. RBC, the country’s most valuable bank, ran ads that had actor Will Arnett touting trust and real people over fads, while scrappy EQ Bank and crypto giant Coinbase Inc. had spo.... More »
Making sense of the markets this week: January 21, 2024 Jan 19th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Bitcoin goes mainstream—the exact stream that was supposed to run dry
I remember a few short years ago, bitcoin truthe.... More »
Making sense of the markets this week: October 6, 2024 + MORE Oct 4th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Nike and Carnival’s Shareholders Cruise to Profitable Destination
According to this week’s earnings, we would rather.... More »
Meet the Advisors Who Are Expanding Wealth and Enhancing Legacy Planning Jun 13th
Established families and business leaders trust the boutique wealth advisory firm to multiply wealth and maximize estate value. Leveraging innovative and sophisticated financial strategies, they’re creating monumental financial impact.
Movsessian and Kachani speak about establishing the f.... More »
Higher interest rates could help global economy: ex-Bank of Canada boss
– canadianbusiness.com
OTTAWA – Former Bank of Canada governor David Dodge says the world economy might be better off if policy-makers bumped interest rates a little bit higher.
In prepared remarks for a speech today, Dodge says boosting borrowing costs would help promote price and financial stability under current global conditions, which include historically low interest rates and stagnant growth.
He says rate increases shouldn’t hurt employment and growth if combined with more government spending.
He acknowledges, however, that extra spending would be a “big if” with many leaders reluctant to expand public investments.
The speech to members of the C.D. Howe Institute think tank in Toronto comes less than a week before a scheduled rate announcement by Bank of Canada governor Stephen Poloz.
The Bank of Canada’s trend-setting rate sits at a paltry 0.5 per cent. Experts widely expect Poloz to leave the rate untouched, for now.
“At the present time, both price and financial stability would be better served by somewhat higher policy interest rates,” Dodge says in his speech…
In prepared remarks for a speech today, Dodge says boosting borrowing costs would help promote price and financial stability under current global conditions, which include historically low interest rates and stagnant growth.
He says rate increases shouldn’t hurt employment and growth if combined with more government spending.
He acknowledges, however, that extra spending would be a “big if” with many leaders reluctant to expand public investments.
The speech to members of the C.D. Howe Institute think tank in Toronto comes less than a week before a scheduled rate announcement by Bank of Canada governor Stephen Poloz.
The Bank of Canada’s trend-setting rate sits at a paltry 0.5 per cent. Experts widely expect Poloz to leave the rate untouched, for now.
“At the present time, both price and financial stability would be better served by somewhat higher policy interest rates,” Dodge says in his speech…
Steven Mnuchin: The deal maker Trump wants as his Treasury secretary
– theglobeandmail.com
Nomination for Goldman Sachs veteran Mnuchin, who profited during the financial crisis, is greeted with celebration and dismay
Russia warns of planned cyber attacks on its banks
– canadianbusiness.com
MOSCOW – Russia’s main domestic security agency says unspecified foreign special services are plotting a series of cyber attacks aimed at destabilizing the nation’s financial system.
The Federal Security Service, known under its Russian acronym FSB, said the computer servers involved in the planned attacks are located in the Netherlands and belong to Ukrainian company BlazingFast.
The FSB said Friday that the attacks would be accompanied by a stream of text messages and posts on social networks containing claims of an imminent collapse of Russia’s major banks and the financial system’s breakdown. It said the action would target several dozen Russian cities.
President Barack Obama’s administration has accused Russia of conducting a series of hacks to interfere with the U.S. election, accusations Moscow has denied.
The post Russia warns of planned cyber attacks on its banks appeared first on Canadian Business – Your Source For Business News.
The Federal Security Service, known under its Russian acronym FSB, said the computer servers involved in the planned attacks are located in the Netherlands and belong to Ukrainian company BlazingFast.
The FSB said Friday that the attacks would be accompanied by a stream of text messages and posts on social networks containing claims of an imminent collapse of Russia’s major banks and the financial system’s breakdown. It said the action would target several dozen Russian cities.
President Barack Obama’s administration has accused Russia of conducting a series of hacks to interfere with the U.S. election, accusations Moscow has denied.
The post Russia warns of planned cyber attacks on its banks appeared first on Canadian Business – Your Source For Business News.
How tighter rules are pushing homebuyers toward riskier mortgages
– canadianbusiness.com
(Illustration by Brian Stauffer)The breezy animated ad begins with a chipper man in a business suit asking rhetorically how Alpine Credits, a B.C. mortgage lender, has managed to approve over $1 billion in home loans. He throws open an office door to reveal rows and rows of clerks cheerfully rubber-stamping applications. Suddenly, one of the clerks pauses: His client wants to put up a four-storey waterslide. “Well,” our chipper guide asks, “is he a homeowner?” The clerk responds that he is. “Then…he’s approved!” Everyone cheers, confetti drops from the ceiling, and someone pops a bottle of champagne.
There is perhaps no better encapsulation of the frothy Canadian real estate market than Alpine’s 30-second spot. The company’s parent, Amur Financial Group, loves to advertise aggressively: Its radio spots plugging fast and easy loans have been in heavy rotation in Toronto in recent months. Amur has had a heady run since 2008. What started as a mortgage brokerage in 1969 has since ballooned into a complicated mass of direct-to-consumer mortgage brokers in B…
