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Finance News

Canada will outpace most G-7 economies in 2017-18, IMF says, but Trump is a wild card

The International Monetary Fund says uncertainty surrounding the incoming Donald Trump administration in the United States is making it difficult to forecast how the global economy will perform this year. …

Financial Post - Jan 17 12:09 GMT - more ...

U.S. economy depends on Canada, Ontario finance minister warns

Ontario's finance minister is warning any Canada-U.S. trade war would hurt the American economy and risk America's export market. …

CTV News - Jan 17 12:07 GMT - more ...

Gary Anandasangaree
  • Sri Lanka's China Enclave: Set To Boom Or Bust?

    Hambantota isn’t just a place in Sri Lanka, it’s a symbol. What started out as a gargantuan project to transform an undeveloped swath of Sri Lankan jungle into the country’s number two city — an industrial and logistical epicenter in the heart of the Indian Ocean — turned into a metaphor for opaque government dealings, poor planning, the flippant use of…

    Forbes - Sep 07 10:05 GMT - more ...

  • We need to ensure Canada’s financial system remains enviable

    Kathy Bardswick is president and CEO of The Co-operators Group. She is a member of the advisory council of the United Nations Environment Program’s Inquiry into the Design of a Sustainable Financial System, a leader with Smart Prosperity and a founding member of the Council for Clean Capitalism. Does Canada’s financial system still deserve to be envied?

    Globe and Mail - Jul 16 10:07 GMT - more ...

  • Sri Lanka's debt-laden airline to sell four new Airbus planes

    Sri Lanka's debt-ridden national airline will sell four new Airbus A350s, a government minister said on Tuesday, two weeks after cancelling an order for four of the aircraft. …

    Reuters - May 11 08:55 GMT - more ...

  • Sri Lanka, IMF agree on $1.5B bailout to avert balance of payments crisis

    The International Monetary Fund (IMF) has reached agreement with the Sri Lankan government for a $1.5 billion bailout to help the island nation avert a balance of payments crisis. …

    Reuters - May 03 09:22 GMT - more ...

  • Canadian dollar hits 79 cents for 1st time since July 2015

    The Canadian dollar gained more than three-quarters of a cent on Tuesday, rising to its highest level since last summer in part because of higher oil prices. The loonie closed the trading day at 78.99 cents US according to the Bank of Canada, just below the 79 cent benchmark it seesawed above and below all day long.

    CBC News - Apr 19 23:40 GMT - more ...

  • Sri Lanka's airline unable to repay $1 bn debt: PM

    Sri Lanka's loss-making national carrier will not be able to repay its debt of nearly $1 billion, Prime Minister Ranil Wickremesinghe told parliament Wednesday. …

    AFP - Mar 24 06:24 GMT - more ...

  • Sri Lanka turns to mystery investor in bid to defend rupee

    An unidentified investor has promised to park $1 billion in dollar deposits in Sri Lanka to help the island nation defend its currency, the finance minister told Reuters, in an unusual move that highlights the country's precarious finances. …

    Reuters - Jan 11 11:44 GMT - more ...

  • Loonie below 70 cents U.S. ‘doesn’t seem that far away’

    The weak price of oil continues to drive the decline of the Canadian dollar, the chief economist at Bank of Montreal said, as the loonie closed down 0.46 of a U.S. cent at 71.02 cents U.S. after having fallen below 71 cents earlier in the day. It ended the day at its lowest point in more than 12 years. …

    Toronto Star - Jan 06 19:35 GMT - more ...

  • China’s market nosedive triggers shutdown, sparks fears for 2016

    With a darkening outlook for its manufacturing sector and a falling currency, China staged an ugly entrance into the new year, its markets tumbling so rapidly that trading had to be halted shortly after lunch. …

    Globe and Mail - Jan 04 09:43 GMT - more ...

  • Canadian economy unexpectedly stalls in October on factory drop

    Canada’s gross domestic product unexpectedly stalled in October, another sign the economy is struggling to recover from an oil-price shock. …

    Globe and Mail - Dec 23 12:44 GMT - more ...

  • Entrepreneurs turning to crowdfunding to finance businesses

    When long-time ad agency executive Jillian Bowman needed capital to start a small business, she didn't find an angel investor - she found a crowd. …

    CTV News - Nov 13 13:47 GMT - more ...

  • How mortgage fraud is thriving in Canada's hot housing market

    In early 2013, Kelly Vandenham and her boyfriend were preparing to put an offer on a charming Craftsman-style house in West Kelowna, B.C. They had been preapproved for a mortgage with Canadian Imperial Bank of Commerce, but the couple’s realtor suggested they could get a lower interest rate at Toronto-Dominion Bank, where their realtor’s boyfriend, Kulwinder…

    Globe and Mail - Oct 31 17:40 GMT - more ...

  • Canada’s inflation rate dips as gas prices drop; loonie falls

    Canada’s annual inflation rate dipped to 1.0 per cent in September on lower prices for gasoline, marking the 10th straight month it has been below the Bank of Canada’s 2.0 per cent target, Statistics Canada said on Friday. …

    Globe and Mail - Oct 23 10:17 GMT - more ...

  • Why interest rates will stay low, and what that means for your retirement security

    If you are saving for retirement in an RRSP or a company defined contribution pension plan, your retirement security might well depend on the future direction of interest rates. Gone are the days when long-term government bonds yielded four per cent more than inflation. Back then, any investment looked good, especially compared with today’s environment when interest…

    Financial Post - Oct 09 08:04 GMT - more ...

  • How to cut your U.S. dollar exchange costs: Mayers

    Sometimes when I do online banking, a message pops up reminding me that my bank has the largest network of ATMs in Canada that dispense U.S. dollars. …

    Toronto Star - Sep 24 21:33 GMT - more ...

  • Chevron guts budget as job cuts, project delays follow oil slump

    Chevron Corp. slashed its drilling budget by the most in 12 years, suspended share buybacks and laid off workers as energy producers around the world curtail ambitions to cope with free-falling oil prices. …

    Globe and Mail - Jan 30 17:35 GMT - more ...

  • Homelife Superstars realtor accused of duping homebuyer of $12K

    Ajit Bains says he was tricked into signing a representation contract with a Homelife Superstars realtor — leaving him with a lien on his home and $12,280 in debt. …

    CBC News - Jan 27 23:07 GMT - more ...

  • Builder quietly cancels condo complex

    Urbancorp has quietly cancelled its Kingsclub condo complex on King St. W. and plans to build three towers of rental apartments instead. …

    Toronto Star - Jan 27 22:26 GMT - more ...

  • Vancouver has 2nd most unaffordable housing market in the world after Hong Kong

    Vancouver has the second most unaffordable housing market in the world after Hong Kong, according to a new study of major property markets. The annual Demographia International Housing Affordability Survey ranks real estate markets in Canada, the United States, Australia, China, Ireland, Japan, New Zealand, Singapore and the United Kingdom.

    CBC News - Jan 20 15:27 GMT - more ...

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