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Tag Archives: money

Federal probe angers one of Canada’s largest mortgage broker networks 

The company that operates one of Canada’s largest networks of residential mortgage brokerage firms is under federal investigation amid allegations it has adopted anti-competitive business practices to thwart an emerging rival. The Competition Bureau is investigating Dominion Lending Centres Inc. (DLC), a company whose franchise network includes 7,981 brokers working in 10 provinces through 544 franchises. Collectively, DLC brokers helped Canadians get $140 billion in home loans in 2021 and 2022. In an interview, Dominion Lending …

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No new money for asylum seekers after Toronto mayor meets refugees minister

The fight over jurisdictional responsibility, funding commitments and care for thousands of refugees in city shelters and church buildings saw the federal minister in charge of the file meeting with Toronto’s mayor, where he said he hadn’t come with the intention of writing a cheque. Minister of Immigration, Refugees and …

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Winnipegger pushes for affordability as election highlights cost of living – Winnipeg

For one Winnipeg mom, the need to maintain everyday expenses has become as important as ever. Taking care of her three children, Patricia Marquez is seeing an increase in her household costs. It’s why she keeps a close eye on the numbers and has been doing so since 2017 – …

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Young Canadians want to save for retirement despite high cost of living: survey

Despite the high cost of living making it harder to set aside money after expenses, a recent survey indicates Gen Z and millennial Canadians still want to start saving for retirement. And even with the Bank of Canada’s most recent announcement on Sept. 6 stating it was holding its key …

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Money talk expected to dominate Day 2 of Manitoba’s provincial election campaign – Winnipeg

By The Staff The Canadian Press Posted September 6, 2023 8:21 am Descrease article font size Increase article font size The cost of living and the cost of political promises are expected to be the dominant topics on the second day of the Manitoba provincial election campaign. The Progressive Conservatives are scheduled …

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2023 Housing Needs Assessment released by the city of Calgary – Calgary

In the midst of a housing crisis, the city of Calgary released the 2023 Housing Needs Assessment report to identify present and future affordable housing requirements in Calgary. According to the report released Wednesday, low vacancy rates, higher-than-normal rent increases, and escalating home prices are putting Calgary at risk of …

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As interest rate decision looms, here’s what to expect in the fall housing market – National

Canada’s housing market could face a chill this fall as prospective buyers and sellers wait to see where the Bank of Canada’s interest rate path will head, according to new polling released Tuesday. Re/Max Canada said in a report that home prices are expected to remain flat nationally from August …

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S&P/TSX composite down, U.S. stock markets after Powell speech

By Staff The Canadian Press Posted August 25, 2023 12:09 pm Descrease article font size Increase article font size Canada’s main stock index was down in late-morning trading, while U.S. stock markets were mixed following a speech by U.S. Federal Reserve chair Jerome Powell who said upcoming decisions on interest …

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‘Previously unidentified’ landfill woes boost Trans Mountain pipeline costs

A Trans Mountain company report reveals new details about what triggered massive cost overruns within its pipeline expansion project, including problems it says were caused by an abandoned landfill site. Submitted to the Canadian Energy Regulator, the 47-page report states that construction crews encountered an “extreme risk” in the form …

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Erickson man’s lotto windfall makes him Manitoba’s newest millionaire – Winnipeg

Descrease article font size Increase article font size A man from Erickson is Manitoba’s latest millionaire after an unexpected win on a Lotto 6/49 ticket earlier this month. Roy Robinson won a cool $1 million in the Aug. 5 Gold Ball draw, purchased from a Canadian Tire gas bar in …

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