Author: Boban

Long-term mortgage rates slip in U.S.

Long-term mortgage rates slip in U.S. Long-term U.S. rates slipped this week, reversing two straight weekly increases. Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages fell to 3.88% from 3.91% last week. A year ago, the benchmark rate stood at 3.52%. The rate on 15-year, fixed-rate mortgages, popular with homeowners who

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Author: Boban

My assets have been put in a blind trust: Morneau

My assets have been put in a blind trust: Morneau Embattled Finance Minister Bill Morneau says he has put his substantial personal assets in a blind trust, an effort to tamp down an escalating controversy over conflict of interest allegations that have threatened to undermine the federal Liberal government. Morneau also says he plans to

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Author: Boban

Tax-News.com: A Steady Income Taxed Less In Canada

Tax-News.com: A Steady Income Taxed Less In Canada by Mike Godfrey, Tax-News.com, Washington 18 October 2017 A new report has claimed that Canadians whose incomes are irregular or fluctuate year-by-year face a greater tax burden than those with steady incomes. According to the C D Howe Institute, there is an unfair “tax penalty” on swings

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Author: Boban

Tax-News.com: Round Four Of NAFTA Talks End

Tax-News.com: Round Four Of NAFTA Talks End by Mike Godfrey, Tax-News.com, Washington 18 October 2017 Negotiators from Canada, Mexico, and the US have concluded the fourth round of talks on the renegotiation of NAFTA. The round took place in Virginia, from October 11-17. According to a trilateral statement, the round covered seven full days of

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Author: Boban

81% of financial institutions to partner with fintech: survey

81% of financial institutions to partner with fintech: survey Partnering, particularly with startups, is driving fintech activity, finds a KPMG survey of global financial institutions. Overall, 61% of respondents say their institutions have taken a partnering approach to fintech in the past, and 81% say their institutions are currently partnering with startups or plan to in

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Author: Boban

CMHC passes stress-test scenarios

CMHC passes stress-test scenarios Canada Mortgage and Housing Corp. says stress testing has confirmed its mortgage loan insurance and securitization businesses are able to withstand a severe shock. The housing agency tested the strength of its businesses against several extreme scenarios. It looked at the impact of an earthquake in a major urban centre, a

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Author: Boban

Quebec firm gets serious about climate change

Quebec firm gets serious about climate change La Caisse de dépôt et placement du Québec (CDPQ) now has an investment strategy to address climate change. The strategy covers the entire portfolio and sets out targets and actions for investment opportunities. Read: Unsure how to use ESG analysis? Start with G, says RI expert CDPQ has committed

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Author: Boban

30 years after Black Monday, what could slow the S&P’s bull run?

30 years after Black Monday, what could slow the S&P’s bull run? How long can this nirvana last for investors? The stock market keeps methodically ticking into record territory, and the Dow Jones industrial average is trading above 23,000 for the first time. It’s been nearly 16 months since S&P 500 index funds had a

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Author: Boban

Who recognizes the CFP credential

Who recognizes the CFP credential Amid confusion about advisors’ titles and a move toward greater title transparency, there’s one that might prove more familiar to Canadians: certified financial planner. Read: Ontario ‘working closely’ with SROs on titles reform That’s because 85% of Canadians with financial planners say they know “for a fact” that their advisors

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Author: Boban

Tax-News.com: Canadian Gov't Commits To SME Tax Cut

Tax-News.com: Canadian Gov't Commits To SME Tax Cut by Mike Godfrey, Tax-News.com, Washington 17 October 2017 The Canadian Government has announced plans to lower the small business tax rate and has signalled its intention to amend its controversial reforms to tax planning rules. The Government said that it will lower the small business tax rate

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