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Bad Credit Scores Can Also Be Granted a Loan Mar 2nd
Most of the time, you will get discouraged when you think that you have a bad credit score. There are times when you need to get a loan and is just too scared to discover that you have a bad credit score from the past years or months. However, there are still money lenders that can provide you with .... More »
Dating dilemma: When to talk about finances + MORE Mar 15th
When it comes to popular first-date conversation topics, credit scores and debt levels aren’t at the top of the list. Even committed couples may find it hard to broach financial topics like retirement planning or estate planning. But as the cost of living goes up and people try to plan for the fut.... More »
Do you really need $1.7 million to retire? We surveyed financial experts — and they all agreed you don’t Mar 6th
A recent BMO survey found Canadians expect they’ll need to save $1.7 million to retire comfortably. Such reports stoke unnecessary fear, financial experts say..... More »
Elon Musk claims new baby with Grimes is named ‘X Æ A-12’ - Global News May 5th
Elon Musk claims new baby with Grimes is named ‘X Æ A-12’ Global NewsTesla's Elon Musk Puts Two Homes on Market Bloomberg TechnologyElon Musk and Grimes welcome baby CTV NewsElon Musk Isn’t Sure About Tesla Stock BloombergI never thought I’d agree.... More »
What is CDIC insurance, how it works and what’s covered Oct 28th
Toilet paper isn’t the only thing Canadians were hoarding early in the pandemic. Headlines were buzzing that the Bank of Canada was running short of $50 bills too. Whether you were stuffing cash in your mattress or in the bottom of your sock drawer, the truth is your savings are safer at a financi.... More »
Financial fraud detector accused of cashing in on hundreds of phony credit cards – Toronto Sun
– news.google.ca
Toronto SunFinancial fraud detector accused of cashing in on hundreds of phony credit cardsToronto SunA woman whose job is detecting financial fraud has been busted along with her husband for allegedly cashing in on phony credit cards, fake ID, and bogus cheques. Toronto Police announced Friday last weekend's arrest of the Ajax couple when cops raided …and more »
Green power company buys half built oilsands power plant from Shell
– canadianbusiness.com
CALGARY — A small green power company says it has closed a deal to buy a half-built oilsands power plant in northern Alberta halted 16 months ago by international oil giant Royal Dutch Shell.
Kineticor Resource Corp. says it has partnered with Ontario pension fund OPTrust to buy the 690-megawatt plant, one of the remaining vestiges of an Alberta oilsands building boom stalled by crashing global oil prices and doubts about pipeline access to markets.
CEO Andrew Plaunt says Kineticor plans to finish and repurpose the facility, which will use natural gas, as a standalone power plant to help replace coal power that the province has vowed to phase out by 2030.
The Calgary-based company says OPTrust _ the pension plan for unionized Ontario public sector and Crown employees, with $18 billion in assets _ has agreed to invest $125 million in Kineticor.
Neither Shell nor Kineticor would provide a price or other details of the agreement. A spokesman for Kineticor wouldn’t say when construction to complete the facility is expected to begin…
Kineticor Resource Corp. says it has partnered with Ontario pension fund OPTrust to buy the 690-megawatt plant, one of the remaining vestiges of an Alberta oilsands building boom stalled by crashing global oil prices and doubts about pipeline access to markets.
CEO Andrew Plaunt says Kineticor plans to finish and repurpose the facility, which will use natural gas, as a standalone power plant to help replace coal power that the province has vowed to phase out by 2030.
The Calgary-based company says OPTrust _ the pension plan for unionized Ontario public sector and Crown employees, with $18 billion in assets _ has agreed to invest $125 million in Kineticor.
Neither Shell nor Kineticor would provide a price or other details of the agreement. A spokesman for Kineticor wouldn’t say when construction to complete the facility is expected to begin…
Unifor head says industry on the cusp of rebuilding, plays down Trump concerns
– canadianbusiness.com
TORONTO _ The head of Canada’s auto workers union says the country is on the cusp of building its industry again and shouldn’t be concerned with the protectionist policies of U.S. President Donald Trump.
Unifor president Jerry Dias said the automotive industry is in an opportunistic time because of a recent commitment by the so-called Detroit Big Three automakers to invest about $1.5 billion in their Canadian operations after weeks of collective bargaining.
All three automakers said Thursday their commitment to those investments has not wavered.
Ford will still inject $700 million into its Ontario facilities, said Mark Buzzell, head of the automaker’s Canadian operations.
General Motors is busily implementing projects across its Ontario operations in Oshawa, St. Catharines and Woodstock with its promised $554 million investment, said Stephen Carlisle, president and managing director of GM Canada.
Fiat Chrysler remains committed to its $325 million of funding in Brampton, Ont…
Unifor president Jerry Dias said the automotive industry is in an opportunistic time because of a recent commitment by the so-called Detroit Big Three automakers to invest about $1.5 billion in their Canadian operations after weeks of collective bargaining.
All three automakers said Thursday their commitment to those investments has not wavered.
Ford will still inject $700 million into its Ontario facilities, said Mark Buzzell, head of the automaker’s Canadian operations.
General Motors is busily implementing projects across its Ontario operations in Oshawa, St. Catharines and Woodstock with its promised $554 million investment, said Stephen Carlisle, president and managing director of GM Canada.
Fiat Chrysler remains committed to its $325 million of funding in Brampton, Ont…
Is Toronto real estate really in a bubble?
– moneysense.ca
If you live in Toronto you realize you’re in the center of the Canadian real estate universe these days. While the last few months have seen Vancouver housing sales decrease and prices stabilize, Toronto’s real estate market has been catching fire. And of course, economists and bond rating agencies have noticed, too.
Just this week Douglas Porter, chief economist at BMO Capital Markets wrote in a commentary, “The Toronto market—and the many cities around it—are in a bubble,” meaning prices are becoming dangerously detached from good financial and economic fundamentals, mainly because people in Toronto believe there is so much demand that it will cause prices to keep rising strongly, thus encouraging more people to buy—and adding fuel to the growing bubble.
The facts appear strong. Prices in Greater Toronto have risen 22.6% in January from a year ago. And while price increases across Canada are expected to slow this year because of tighter restrictions from new federal home financing rules that aim to make it harder to get a mortgage, BMO’s Porter believes that Toronto and any city that is within commuting distance is in a dangerously overheated housing market…
What is a TFSA? Only 1 in 5 knows the answer
– moneysense.ca
What is the best way to describe a Tax-Free Savings Account or TFSA? It sounds like such a simple question, but only one in five people taking our online quiz knows the answer.Our query about TFSAs was of 20 questions we put to readers in an online quiz aimed at beginners in January. More than 2,600 attempted this question, but only 21% got it right. To put that in context the average score on our beginner quiz was 76%. No other question scored lower than 55%. What’s most surprising—at least to us—is that it wasn’t meant to be a trick question.
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:.5em}@media (min-width:480px){.cbR{width:250px;margin:0 0 1em 1em;float:right}}The ultimate guide to the Canadian Couch Potato Portfolio
The result supports what the financial advisors have long said about the TFSA: that a large number of people still don’t fully understand what they are or how to use it.
What’s in a name?
MoneySense has long argued that TFSA is a lousy name…
