Finance

The Bank of Canada building is seen on Wellington Street in Ottawa, on Tuesday, May 31, 2022. The Bank of Canada will outline what it sees as the key vulnerabilities and risks to Canada’s financial system later this morning. THE CANADIAN PRESS/Justin Tang

Bank of Canada says household debt and home prices key risks for financial system

Households have seen net worth increase of about $230,000 over the first two years of the pandemic

 

A woman uses her computer keyboard in North Vancouver, B.C., on December 19, 2012. Canada’s financial intelligence agency is warning that unregistered cash-transfer services are ripe for abuse by criminals trying to launder money and fund terrorist activities.THE CANADIAN PRESS/Jonathan Hayward

Financial intelligence agency highlights criminal risks of underground banking

Many Canadians use money services operating outside conventional banking system to send cash abroad

 

Governor of the Bank of Canada, Tiff Macklem, and Senior Deputy Governor Carolyn Rogers appear before the House of Commons Standing Committee on Finance, in Ottawa on Monday, April 25, 2022. THE CANADIAN PRESS/Sean Kilpatrick

Key interest rate could soon go up another half point, central bank says

‘The economy needs higher rates and can handle them’

 

Liberal Leader Justin Trudeau and NDP Leader Jagmeet Singh take part in the federal election English-language Leaders debate in Gatineau, Que., on Thursday, Sept. 9, 2021. THE CANADIAN PRESS/Adrian Wyld

Federal budget the first important moment for NDP-Liberal pact, says finance critic

NDP looking to see how far Liberals are moving forward on pledges made in the deal

Liberal Leader Justin Trudeau and NDP Leader Jagmeet Singh take part in the federal election English-language Leaders debate in Gatineau, Que., on Thursday, Sept. 9, 2021. THE CANADIAN PRESS/Adrian Wyld
The District of Tofino is celebrating the successful hiring of three new staffers for its Community Children’s Centre. (file photo)

Staff-strapped B.C. town scores childcare workers with free tuition, housing

District of Tofino takes unique approach to address childcare resource crunch

The District of Tofino is celebrating the successful hiring of three new staffers for its Community Children’s Centre. (file photo)
Perch aims to empower Canadians to make informed real estate decisions and help them unlock their wealth-building potential, says Alex Leduc, Perch Founder.

Toronto proptech Perch releases innovative Pathfinder tool that makes finding a mortgage as easy as 1-2-3

Shopping for a mortgage can be a daunting task for many, but…

  • Feb 28, 2022
Perch aims to empower Canadians to make informed real estate decisions and help them unlock their wealth-building potential, says Alex Leduc, Perch Founder.
View Royal council has approved a bylaw amendment formalizing changes to the 2021 financial plan, including additional grants-in-aid, sewage treatment costs and site prep work for an upcoming new park. (Courtesy Town of View Royal)

View Royal adds additional grants, expenditures to financial plan

Extra expenditures being funded out of the town’s surplus accounts

View Royal council has approved a bylaw amendment formalizing changes to the 2021 financial plan, including additional grants-in-aid, sewage treatment costs and site prep work for an upcoming new park. (Courtesy Town of View Royal)
Credit cards are displayed in Montreal, Wednesday, Dec. 12, 2012. If you haven’t shopped for a credit card in a while, you may see some unfamiliar names in the offerings. THE CANADIAN PRESS/Ryan Remiorz

Fintechs looking to break into credit card market dominated by big banks

Startups have to be creative with rewards because they can’t offer the big sign-up bonuses of the big banks

Credit cards are displayed in Montreal, Wednesday, Dec. 12, 2012. If you haven’t shopped for a credit card in a while, you may see some unfamiliar names in the offerings. THE CANADIAN PRESS/Ryan Remiorz
Oak Bay’s survey for its five-year financial plan, aimed at residents and business and property owners, opens Oct. 24 online, with paper copies available at municipal hall. (Black Press Media file photo)

Oak Bay seeks public’s voice in five-year budget planning

Survey opens Oct. 24 online, with paper copies available at municipal hall

Oak Bay’s survey for its five-year financial plan, aimed at residents and business and property owners, opens Oct. 24 online, with paper copies available at municipal hall. (Black Press Media file photo)
If you want to save money, don’t enter your credit card info as you’re wading through an emotional flood. (pixabay photo)

Millennial Money: Do you want that sweater, or are you sad?

Expert offers tips on how to stop emotional spending

If you want to save money, don’t enter your credit card info as you’re wading through an emotional flood. (pixabay photo)
Chantel Chapman, a financial trauma researcher and educator, poses for a handout photo in Vancouver in August. THE CANADIAN PRESS

Financial stress is taking a physical toll on young Canadians, survey finds

FP Canada: 39 per cent of Canadians polled under 35 say financial stress has led to health issues

Chantel Chapman, a financial trauma researcher and educator, poses for a handout photo in Vancouver in August. THE CANADIAN PRESS
The UBC sign is pictured at the University of British Columbia in Vancouver, Tuesday, Apr. 23, 2019. THE CANADIAN PRESS/Jonathan Hayward

UBC Investment Management Trust invests $120M in reduced carbon investment fund

Assets represent about five per cent of UBC’s endowment

The UBC sign is pictured at the University of British Columbia in Vancouver, Tuesday, Apr. 23, 2019. THE CANADIAN PRESS/Jonathan Hayward
B.C. Investment Management Corporation CEO Gordon Fyfe has led the corporation to achieve positive returns for the province’s civil service pension plan. (Kiernan Green/News Staff)

Victoria-based company nets record return for B.C. pension investment in pandemic year

B.C. Investment Management Corporation gained 16.5 per cent in 2020 for civil service pension plan

B.C. Investment Management Corporation CEO Gordon Fyfe has led the corporation to achieve positive returns for the province’s civil service pension plan. (Kiernan Green/News Staff)
The District of Saanich has pinpointed funding requests to Oak Bay and Victoria to help offset the purchase price of the Kings Park greenspace and keep the property intact. (Courtesy District of Saanich)

Saanich requests funding help from neighbours to preserve Kings Road green space

District hopes Victoria and Oak Bay will join them in protecting urban green space

The District of Saanich has pinpointed funding requests to Oak Bay and Victoria to help offset the purchase price of the Kings Park greenspace and keep the property intact. (Courtesy District of Saanich)
Credit cards are displayed in Montreal, Wednesday, Dec. 12, 2012. Equifax says the debt profile of Canadians has changed throughout the pandemic, with mortgages accounting for a larger portion of people’s debt. THE CANADIAN PRESS/Ryan Remiorz

Consumer debt driven by new mortgages, but credit card debt at six-year low

Potential exists that first-time homebuyers are starting to get priced out of the market

Credit cards are displayed in Montreal, Wednesday, Dec. 12, 2012. Equifax says the debt profile of Canadians has changed throughout the pandemic, with mortgages accounting for a larger portion of people’s debt. THE CANADIAN PRESS/Ryan Remiorz
File - In this Wednesday, Nov. 11, 2020 file photo, people walk by an electronic stock board of a securities firm in Tokyo. The global economic rebound from the pandemic has picked up speed but remains uneven across countries and faces multiple headwinds including the lack of vaccines in poorer nations. That could lead to new virus variants and more stop-and-go lockdowns, the Organization for Economic Cooperation and Development, OECD said in its latest forecast. (AP Photo/Koji Sasahara, File)

Forecast: Rebounding global economy faces multiple threats

Lack of vaccines for poorer nations among the larger issues casting a shadow over recovery

File - In this Wednesday, Nov. 11, 2020 file photo, people walk by an electronic stock board of a securities firm in Tokyo. The global economic rebound from the pandemic has picked up speed but remains uneven across countries and faces multiple headwinds including the lack of vaccines in poorer nations. That could lead to new virus variants and more stop-and-go lockdowns, the Organization for Economic Cooperation and Development, OECD said in its latest forecast. (AP Photo/Koji Sasahara, File)
Tax freedom day for Canadians happened May 24, a week later than last year, calculated the Fraser Institute. (Pixabay Image)

‘Tax Freedom Day’ in Canada is coming a week later this year

Fraser Institute calculates May 24 as day average household income matches tax payable for 2021

Tax freedom day for Canadians happened May 24, a week later than last year, calculated the Fraser Institute. (Pixabay Image)
A model shows the proposed liquefied natural gas liquification plant and marine terminal in Kitimat, B.C., June 26, 2014. A British Columbia First Nations group says it’s disappointed by the news that a second major investor is looking to sell its shares in the Kitimat Liquefied Natural Gas development. THE CANADIAN PRESS/Robin Rowland

First Nations group criticizes Woodside Petroleum’s move to sell Kitimat LNG stake

First Nations Limited Partnership says decision to sell is a threat to its commercial interests

A model shows the proposed liquefied natural gas liquification plant and marine terminal in Kitimat, B.C., June 26, 2014. A British Columbia First Nations group says it’s disappointed by the news that a second major investor is looking to sell its shares in the Kitimat Liquefied Natural Gas development. THE CANADIAN PRESS/Robin Rowland
Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada warns of rising risks from household debt, and a hot housing market

Many households have taken on large mortgages compared with their income

Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick
A Wealthsimple Trade app icon is shown on a smartphone on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Jesse Johnston

Drake, Ryan Reynolds among latest Wealthsimple backers in $750 million funding round

Wealthsimple began as an online investment manager in 2014

A Wealthsimple Trade app icon is shown on a smartphone on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Jesse Johnston
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