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Blocked Activision Deal Hits VMware Stock - TipRanks + MORE Apr 26th
Blocked Activision Deal Hits VMware Stock TipRanksBritish regulators nix Microsoft's $69B takeover of video game maker Activision CBC NewsMicrosoft-Activision Deal Blocked By UK Is No Disaster for the Gaming Giant BloombergUK regulator blocks Microsoft’s acquisitio.... More »
B.C. Green Leader Andrew Weaver calls NDP government's LNG legislation a "generational sellout" - Straight.com Mar 26th
B.C. Green Leader Andrew Weaver calls NDP government's LNG legislation a "generational sellout" Straight.comB.C. government hoping to pass LNG legislation without support of the B.C. Greens Global NewsB.C. government announces new tax credit for LNG projects CBC.caB..... More »
Kristy Shen on living the FIRE life and using money to “buy back time” + MORE Apr 4th
In their early 30s, Kristy Shen and Bryce Leung quit their high-paying jobs in software engineering to travel the world. The Toronto couple had $1 million in savings, but instead of taking the conventional route of home ownership, they packed their suitcases. Shen and Leung started sharing their adv.... More »
2022’s year in Review: The financial highs, lows and what’s in store for 2023 Dec 22nd
Investors started 2022 celebrating the record highs of 2021. The S&P 500, Dow Jones and NASDAQ were all up double digits. The S&P 500 achieved the greatest gains in 2021, ending the year up nearly 27%. The feeling was “onward and upward”—then macro issues took over and that changed eve.... More »
Spotify opens at nearly $166 a share in unconventional U.S. listing, then slips Apr 3rd
The highly anticipated shares of music streaming app Spotify opened for trading on the New York Stock Exchange on Tuesday at $165.90 US — nearly 26 per cent above the price set just a day before..... More »
47% decrease in mortgage loan insurance business ‘new normal’: CMHC
– canadianbusiness.com
TORONTO _ Canada’s national housing agency says the 47 per cent decline in the country’s insured mortgage market year-over-year in the third quarter is the “new normal level.”
The Canada Mortgage and Housing Corp. says in its latest financial report that it provided mortgage loan insurance to 67,915 units for the three-month period ended Sept. 30 compared to 127,991 units during the same period a year ago.
Steve Mennill, CMHC’s senior vice-president of insurance, says decreased volumes have been steady throughout the year as a result of the new regulations announced by the federal government in the fourth quarter of 2016.
The mortgage rules require all home buyers with less than a 20 per cent down payment to undergo a stress test to ensure the borrower can still service their loan should interest rates rise, or their personal finances fall. This cut into the purchasing power of some first-time homebuyers.
Mennill says CMHC is confident that the volume of insured mortgages the country is seeing now is the new normal level…
The Canada Mortgage and Housing Corp. says in its latest financial report that it provided mortgage loan insurance to 67,915 units for the three-month period ended Sept. 30 compared to 127,991 units during the same period a year ago.
Steve Mennill, CMHC’s senior vice-president of insurance, says decreased volumes have been steady throughout the year as a result of the new regulations announced by the federal government in the fourth quarter of 2016.
The mortgage rules require all home buyers with less than a 20 per cent down payment to undergo a stress test to ensure the borrower can still service their loan should interest rates rise, or their personal finances fall. This cut into the purchasing power of some first-time homebuyers.
Mennill says CMHC is confident that the volume of insured mortgages the country is seeing now is the new normal level…
The close: TSX ends lower with mining, technology stock falls
– theglobeandmail.com
Nasdaq falls with tech stocks; S&P ends flat
Conservatives call for embattled Finance Minister Bill Morneau to resign
– canadianbusiness.com
OTTAWA _ Conservative Leader Andrew Scheer called for Bill Morneau’s resignation Wednesday as political rivals stepped up their attacks on a finance minister mired in controversy for weeks.
Scheer demanded that Morneau step aside, and if he won’t, then Prime Minister Justin Trudeau should just fire him.
“After careful consideration, in my capacity of leader of the Opposition, I am officially calling on Bill Morneau to resign as finance minister,” Scheer told reporters before question period, where the issue dominated debate and saw Trudeau come to Morneau’s defence.
Scheer’s call for Morneau’s departure is the latest fuel thrown on the political fire that’s swirled around the finance minister since the summer, when he proposed tax-system changes that enraged small business owners.
Since then, Morneau has faced intense political pressure for not fully disclosing his personal financial arrangements.
Then came conflict-of-interest allegations over proposed pension reform, spearheaded by Morneau, that opponents have alleged would bring him personal financial benefit…
Scheer demanded that Morneau step aside, and if he won’t, then Prime Minister Justin Trudeau should just fire him.
“After careful consideration, in my capacity of leader of the Opposition, I am officially calling on Bill Morneau to resign as finance minister,” Scheer told reporters before question period, where the issue dominated debate and saw Trudeau come to Morneau’s defence.
Scheer’s call for Morneau’s departure is the latest fuel thrown on the political fire that’s swirled around the finance minister since the summer, when he proposed tax-system changes that enraged small business owners.
Since then, Morneau has faced intense political pressure for not fully disclosing his personal financial arrangements.
Then came conflict-of-interest allegations over proposed pension reform, spearheaded by Morneau, that opponents have alleged would bring him personal financial benefit…
Canadian waste management firm GFL plans $1-billion IPO: sources
– theglobeandmail.com
$1-billion IPO would be the biggest Canadian listing since Kinder Morgan Canada raised $1.7-billion early this year
FANG’s $60-billion wipeout is most in one day since Facebook IPO
– theglobeandmail.com
Fears of missing out on U.S. tax bounty spark tech rout
