Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Search results

1-10 results from 1000 for query «banking»

June 3, 2018 9:33 PM Should you join your money with your honey?

When the dust settles after the ceremony, reception and second helpings of tiered wedding cakes, newly married couples in Canada must decide whether to join their banking. Technically speaking, so long as the couple works together to achieve their goals as a team, they can do joint or separate banking. But, in my experience, the benefits of combining 16

May 23, 2018 4:05 PM New-home sales in GTA hit 20-year low in April

New construction home sales hit the lowest number for April in over 20 years, says the association that represents home builders. Newly built single-family home prices dropped 5 per cent year over year to $1.15 million, down from about $1.2 million in March. But the benchmark price for condos continued to rise — 29.8 per cent year over year to $739,965, but down month 17

May 9, 2018 5:18 PM Toyota reports improved quarterly profit

In a surprise move, the carmaker released results before the Tokyo markets closed Toyota will pursue growth with a strategy of seeing itself as a “mobility company,” not just an automaker, spending aggressively on research, according to the company. It is banking on artificial intelligence and networking technology, as in connected and self-driving vehicles 15

March 12, 2018 4:24 PM Canada’s household debt rises to $1.8 trillion, increasing risk to banking system

Canadians’ collective household debt has climbed to $1.8 trillion as an international financial group sounds an early warning that Canada’s domestic banking system is at risk from rising debt levels. Canadian consumers now owe $1.821 trillion including mortgages as of the fourth-quarter of 2017, marking a six per cent increase from a year earlier, says Equifax 33

February 28, 2018 7:49 PM Search for Phoenix replacement to be led by Treasury Board

Federal budget earmarks $16 million over two years to fund efforts to find a new pay system Treasury Board has been tasked with leading the search to find a replacement for the troubled Phoenix public service pay system — a move meant to separate the efforts to stabilize the troubled system from the job of replacing it. Treasury Board President Scott 31

February 28, 2018 7:26 PM Credit unions get OK from feds to offer 'banking' services

Rule would have forced credit unions to purge 'generic banking terms' from websites, marketing materials Credit unions across the country will once again be able to use the words "bank," "banker" and "banking" to describe what they do, thanks to a one-line entry buried on page 356 of the federal budget. Last June, the Office of the Superintendent of Financial 33

February 26, 2018 4:43 PM More evidence of fraud in Canadian mortgages, warns ratings agency S&P

S&P raised its economic risk rating for the Canadian banking sector by 1 point S&P Global Ratings says it expects more evidence of Canadian residential mortgage fraud could emerge amid high household debt and home prices. The ratings agency raised its economic risk rating for the Canadian banking sector to three from two on a 10-point scale. S&P said it believes 49

February 15, 2018 2:57 PM Home sales fall 14.5% from December to January, the lowest level in 3 years: CREA

The drop means home sales have reached their lowest level in three years despite being on par with the 10-year monthly average. Canadian home sales fell 14.5 per cent between December and January, marking the lowest sales level in three years as the housing market was hit last month by a double whammy of tighter mortgage rules and lending rate hikes 18

January 18, 2018 7:11 PM BMO financing deal with Canopy Growth marks policy shift for Canadian banks

Canopy Growth, Canada's largest licensed pot producer, announced the $175-million deal with BMO and GMP Securities on Wednesday. The Bank of Montreal’s participation in a major financing deal for licensed cannabis producer Canopy Growth marks a big policy shift for Canada’s biggest banks, which may be warming up to the cannabis sector. Canopy, Canada’s 35

January 17, 2018 6:49 PM Loblaw, CRA face off in court in $404-million dispute over tax avoidance allegations

The Canadian Revenue Agency alleges the grocery giant is using its Barbadian banking subsidiary in order to circumvent tax rules. Loblaw Companies Ltd. and the Canada Revenue Agency faced off in a Toronto court today, the latest in an ongoing battle involving allegations that the grocery giant’s Barbadian banking subsidiary was misused for tax avoidance 29