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The best student credit cards in Canada for 2024 + MORE Oct 7th
When you’re at a new restaurant, do you have to see the menu before you order? Or do you eat what your foodie friend says is good, knowing it’ll be amazing? The answer can help you decide how to pick a new credit card. Some people want the ability to compare their options side-by-side; others wa.... More »
Morgan Stanley to buy Calgary-based Solium Capital for $1.1 billion + MORE Feb 11th
Under the agreement, Morgan Stanley will pay $19.15 per share for Solium, a firm that helps companies manage employee stock plans..... More »
Home Capital suspends dividend after burning through most of its $2B lifeline + MORE May 8th
Home Capital has withdrawn $1.4 billion of the $2 billion loan it was recently given as savers continue to pull funds out of the bank..... More »
Wynne says jobs, economy top priorities as Ontario legislature resumes Tuesday + MORE Feb 15th
TORONTO – Premier Kathleen Wynne says jobs and the economy are her top priorities when the Ontario legislature resumes sitting Tuesday, but the opposition parties say the Liberals are on the wrong track for both.
Wynne says Ontario’s diversified economy is now leading Canada in foreign d.... More »
Brexit turmoil worrying British business leaders - The Globe and Mail Nov 15th
The Globe and MailBrexit turmoil worrying British business leadersThe Globe and MailBusiness leaders expressed alarm on Thursday as a draft Brexit agreement seen as the only chance of preserving some stability in UK-EU trading relations threatened to unravel, sending stock prices and the pound plung.... More »
CBC.caThe Latest: EU Official: 'Regrettable' No New Bailout GreekNew York TimesATHENS, Greece — The latest news on Greece's financial woes (all times local): ___. 9.35 p.m.. As a midnight deadline closes in, the head of the agency responsible for preserving financial security in the European Union says "it is regrettable" that …Report: Germany rebuffs Greek bid for crisis funds before default deadlineWashington PostEurogroup to discuss Greece at 0930 GMT on WednesdayReutersGreek Voters to Decide on Convoluted Bailout Question July 5Wall Street JournalSydney Morning Herald -Fox News -Los Angeles Timesall 12,284 news articles »
Stung by sanctions and recession, Iranian investors have one eye on the country’s stock exchange, and the other on the international talks about the country’s nuclear program.
The financial crisis in Greece is “unprecedented,” said Phil Triadafilopoulos, an associate professor of political science at the University of Toronto. He far from being the only one with that view.
How ‘findependence’ differs from retirement
– moneysense.ca
(Getty Images)Having planted a stake firmly in the camp of financial independence, I’m often asked exactly how the phrase “findependence” is different from retirement.
There are a lot of distinctions between the terms, many of them subtle ones. I often say that financial independence means working because you want to, rather than because you have to financially speaking. In the latter case, the situation is akin to the bumper sticker that says “I owe, I owe so off to work I go.”
I may also say that findependence (I’ll use the contraction of financial independence here now) often occurs years if not decades before traditional retirement. There are several early retirement practitioners running websites about how they achieved financial independence in their 30s or 40s, although they usually add that they continue to “work” in the sense of doing some work for money. That “work” will typically be as an independent supplier rather than an employee and may consist of writing books, running web sites and perhaps publicly speaking…
Banks, insurers shy away from former grow ops
– moneysense.ca
TORONTO – At first glance, the mid-century, three-level Winnipeg home was everything that Sarah Fehr and her fiancee had been looking for.It was located in the right neighbourhood, had a double garage and the backyard was spacious enough for the couple’s two pugs to frolic in.
Perhaps most importantly, it was reasonably priced.
However, a quick Google search revealed the home’s shadowy past: it had been busted several years earlier for housing a marijuana grow operation.
While former grow ops may seem like a good deal to some buyers, experts caution that banks and insurers are increasingly shying away from these properties — even after all of the necessary remediation has been done.
“It’s always been strict, but it was a lot looser four or five years ago,” says Jeff Mark, co-founder of broker Spin Mortgage, adding that only credit unions and subprime lenders are willing to finance these homes, often at higher rates than those offered by the banks.
Running a grow-op in a residential home can cause extensive damage that may be pricey to remedy…
