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
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
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
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)
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
Taking on more credit card debt has not been the pandemic plan for many Canadians, data from TransUnion Canada suggested on Tuesday. Credit cards are displayed in Montreal, Wednesday, December 12, 2012. THE CANADIAN PRESS/Ryan Remiorz

Canadians taking steps to avoid credit card debt, despite economic pressure

People are opting to dip into savings or retirement funds rather than relying on credit cards

Taking on more credit card debt has not been the pandemic plan for many Canadians, data from TransUnion Canada suggested on Tuesday. Credit cards are displayed in Montreal, Wednesday, December 12, 2012. THE CANADIAN PRESS/Ryan Remiorz
Finance Minister Bill Morneau speaks to the Canadian Club of Canada in Toronto, Friday, March 6, 2020. (Cole Burston / THE CANADIAN PRESS)

Feds have fiscal room to react to impacts of COVID-19, says Bill Morneau

Message came on a day that saw oil prices decline sharply and stock markets take a hit

Finance Minister Bill Morneau speaks to the Canadian Club of Canada in Toronto, Friday, March 6, 2020. (Cole Burston / THE CANADIAN PRESS)
Helping others prosper financially

Helping others prosper financially

Dale Collins plans for your future

  • Feb 10, 2020
Helping others prosper financially
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