Author: Boban

Bubble speculation as bitcoin’s rise continues

Bubble speculation as bitcoin’s rise continues Is bitcoin in a bubble? The price of bitcoin has been soaring this year, and last week alone it jumped from $11,000 to well over $17,000, according to Coindesk. It started the year below $1,000. (All prices are in U.S. dollars.) That rocketing level of appreciation smells a lot

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Author: Boban

U.S. tax bill could distort trade, EU leaders warn

U.S. tax bill could distort trade, EU leaders warn The European Union’s top five economies are warning the U.S. that its massive tax overhaul could contravene some of its international obligations and risks “having a major distortive impact on international trade.” In a letter to U.S. Secretary of the Treasury Steven Mnuchin, the finance ministers of Germany,

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Author: Boban

Global economy has ‘room to run’ in 2018: BlackRock

Global economy has ‘room to run’ in 2018: BlackRock Synchronized global growth, a modest comeback for inflation, and geopolitical risks are on the horizon, according to BlackRock’s 2018 investment outlook. However, the global economy still has “room to run” in 2018 and beyond, the investment firm says in a report released Monday. Also, it says there will

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Author: Boban

Seniors financially supporting younger generations: survey

Seniors financially supporting younger generations: survey It’s not uncommon for seniors to help their children and grandchildren with paying down debt, making down payments, and covering the cost of education and childcare, a survey from HomEquity Bank says. The survey was conducted in late October at the Toronto Zoomer Show. Roughly one-fifth of the 682 respondents said

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Author: Boban

Provinces to get 75% marijuana tax share

Provinces to get 75% marijuana tax share The federal government has agreed to give the provinces and territories a 75% share of the tax revenues from the sale of legalized marijuana. Finance Minister Bill Morneau announced the agreement Monday after a day-long meeting with his provincial and territorial counterparts. Morneau says Ottawa will retain the remaining

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Author: Boban

Why housing starts picked up in November

Why housing starts picked up in November The Canada Mortgage and Housing Corp. says the pace of housing starts picked up in November, pushing the six-month trend to the highest level in nearly a decade. The Ottawa-based Crown corporation says construction of multiple-unit projects in Toronto has been a driving force behind the trend. In

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Author: Boban

Global week ahead: What to expect

Global week ahead: What to expect If you’re wondering which economic headlines to watch over the coming week, Moody’s Analytics’ latest weekly market outlook has you covered. Here’s a rundown of what to expect. In the U.S. Fiscal and monetary policy will be the focus south of the border, says Moody’s. Talks of “a potential

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Author: Boban

CRA reverts to previous DTC criteria for diabetics

CRA reverts to previous DTC criteria for diabetics Canada Revenue Agency is taking steps to quell a furor over what critics were calling its heartless treatment of diabetics. Disability advocates and opposition parties have been criticizing the agency for weeks over the fact that many Canadians with Type 1 diabetes have suddenly found themselves ineligible to claim the

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Author: Boban

Former MFDA rep banned, fined $75k over ‘gold strategy’

Former MFDA rep banned, fined $75k over ‘gold strategy’ A former MFDA rep has been banned and fined for, among other actions, recommending investments to hundreds of clients without adequate due diligence in assessing their suitability. The MFDA released its reasons for decision Friday following a hearing in Saskatoon on Sept. 7 into the allegations against Boyd Yahn, a former branch manager

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Author: Boban

Will Bitcoin ‘mania’ keep growing?

Will Bitcoin ‘mania’ keep growing? After hitting a record high of more than $19,00o per coin on Thursday, bitcoin tumbled by more than $2,000 on Friday.  Read: Bitcoin tops US$15K amid security breach This is only the latest development in what has been a tumultuous year for investors in the currency, says Nigel Green, founder and chief executive

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