Level of Credit Protection Unclear in Wake of Major Loss
In the wake of a class action lawsuit, the federal government now says it will provide a “credit flag” service for nearly 600,000 Canadians whose data was lost in November. But it is not the same level...
View ArticleCellphone Contract Crackdown Sought by Watchdog
Canada’s competition watchdog told the broadcast regulator how it would overhaul cellphone contracts, including doing away with hidden fees and misleading claims designed to make it harder to switch...
View ArticleCanadian Housing Market Shows Signs of Stabilization
There were signs of stabilization in the housing market as prices continued to climb in January, while total sales fell from a year before, according to the Canadian Real Estate Association.The average...
View ArticleWine Industry Growing as Investment Option
If you love Niagara ice wine or Okanagon merlot you may be sipping in a good investment idea. A recent BMO report shows Canadian vineyards are poised for five solid years of growth.Why?Canadians are...
View ArticleBank of Cyprus Big Savers to Lose up to 60%
Large depositors at Cyprus’ largest bank may be forced to accept losses of up to 60 per cent, far more than initially feared under the European rescue package to save the country from bankruptcy,...
View ArticleGold and Bits – Two Sides of the Same Coin
It was as if gold was taking a lesson from Bitcoin the day before, and for once you couldn’t blame North Korea.On Thursday, the electronic currency plummeted to about $50 after hitting a Wednesday high...
View ArticleCheap American Flights threaten Canadian Airport Business
The promise of cheaper flights is driving many Canadians across the border to U.S. airports — costing millions of dollars in lost revenue in Canada — but the federal government says it won’t subsidize...
View ArticleWhy are so many of Canada Young People out of work?
Some may call them whiny and self-important, but when it comes to jobs, Generation Y’s sense of entitlement is partly the result of being pointed down career paths that have led them back to the same...
View ArticleCanadian Dollar Under Pressure Over Rates and Economy
The Canadian dollar has had a sharp slide since the beginning of 2014 and most predictions are that it will go lower.RBC economists say 87 cents by this fall, perhaps 85 cents next year, while TD Bank...
View ArticleCashless Buying Poses Financial Risk For Those Without Self-Control
Financial planner Victor Godinho said goodbye to his wallet four years ago and hasn’t looked back.The 23-year-old adviser at the VTAG Financial Group Inc. in Toronto was one of the early adopters of...
View ArticleFed-up Clients Ditch Banks for ‘Transfer Day’
The social media-organized protest against big banks crescendoed Saturday, with hundreds of thousands of fed-up customers yanking their money from large corporate institutions to dump it into credit...
View ArticleDebt Worries May Put Damper on Holiday Buying
Feelings of financial insecurity could overwhelm the Christmas giving spirit, making Canadians less likely to splurge on holiday shopping this season, according to a survey released Tuesday by Deloitte...
View ArticleCross-Border Shopping to Rise
More Canadians plan cross-border shopping over the holiday season, according to a survey released Friday by the Bank of Montreal. The Bank’s survey found 18 per cent of those polled plan to shop in the...
View ArticleCanadian Firms to Spend More on R&D in 2011
Research and development spending by industry is expected to increase in 2011 — the first time in four years that has happened in Canada. “The 2011 industrial R&D spending intentions suggest that...
View ArticleMarkets Finish Higher
The Toronto Stock Exchange finished Friday with a 50-point gain, leaving it up about 290 points on the week. In the U.S., however, markets surged, pushing the gain for the Dow Jones to about 425 points...
View ArticleCanadian Businesses Sit on Cash Despite More Tax Cuts
Profitable Canadian businesses are set to reap $2.85 billion in additional income tax savings in 2012, even as Prime Minister Stephen Harper complains about all the private “money sitting on the...
View ArticlePlunging Gas Prices Lower Inflation
A combination of Christmas sales and falling gasoline and food prices contributed to one of the biggest one-month drop in consumer prices in years in December, Statistics Canada said Friday. The 0.6...
View ArticleOil Crosses $109 US on rising Concerns about Iran
Oil prices closed above $109 US a barrel Friday on fresh concerns about Iran’s nuclear program and despite evidence that demand remains weak. Retail gasoline prices in Canada and the U.S. also rose....
View ArticleCanadian Economic Growth Slows to Crawl
The growth rate of the Canadian economy slowed to a crawl in the fourth quarter of 2011, Statistics Canada reported Friday. At an annual rate, real gross domestic product (GDP) grew 1.8 per cent in the...
View ArticleAre you PHSP-ing?
Fiona Law looked at a raft of traditional group insurance plans while looking to provide health and dental benefits for her staff at Calgary-based CompuTouch. Her business, which uses technology to...
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