Canada’s Financial Watchdog Releases Campaign to Advise People Who Can’t Afford Their Homes
As many Canadians continue to face financial strain, the federal government has launched a new campaign offering guidance on mortgage relief measures and dealing with potential defaults. Yes, it’s that bad. On the campaign’s website, the Financial Consumer Agency of Canada’s guidelines instruct banks to work with struggling homeowners, extending amortization periods, waiving penalties, and […]
Canada Cuts Alcohol Excise Duties For Two Year Term
Canada’s Liberal government has declared that it is now going to support Canadian small businesses by providing alcohol excise duty relief. The relief is primarily aimed at local craft breweries, with revenues below $10 million. The relief is to come in the form of capping the inflation adjustment at two percent for beer, spirits, and […]
TikTok Shareholder Agreement Calls For Asset Seizure For Disparaging Statements
TikTok continues to display its Chinese roots, with the latest scandal being that employees, past and present, are at risk of seeing their entire holdings seized should they talk badly of the company. The potential seizure comes from a non-disparagement clause embedded in the firm’s shareholder agreements. The shareholder agreement, as per Fortune, is said […]
Costco Begins Selling Silver Following Success With Gold
Costco (NASDAQ: COST) has expanded its precious metals offerings. Known for its successful venture into 24-karat gold bars that drove significant e-commerce growth, the retail giant has now ventured into the silver market. The company has introduced 2024 Canada Maple Leaf silver coins, available exclusively on its website. The silver coins are available in a […]
Worst Jeopardy Call Ever! Was Winnipeg Contestant a Victim of Anti-Canadian Bias?
Things were going pretty well for Winnipeg librarian Emma Hill-Kepron early on in her February 9th appearance on the Jeopardy Champions Wildcard Tournament. Less than half way through the Jeopardy round, she buzzed in on an $800 clue in the category: ENDS IN “X”, where all responses must end in the letter “X.” Let’s roll […]
X Calls Apparently Automatically Reveal Users’ IP Addresses: Here’s How To Unable It
Earlier this week, X, formerly known as Twitter, unveiled a significant update: audio and video calls are now accessible to all users on the platform. This feature, which is automatically enabled for everyone, allows individuals and brands you follow to initiate audio or video calls with you directly. While some users may embrace this new […]
Canada’s Economy Lags Behind in GDP Per Capita Growth
While Canada’s economy has been hailed as a leader among G7 nations in terms of overall growth, a closer look at GDP per capita paints a different picture. GDP per capita, which measures economic output per person, has barely budged in Canada compared to other advanced economies. The stark contrast is evident when examining GDP […]
BlackRock Acquires $4.8 Billion Asset Management Firm SpiderRock
BlackRock Inc has announced its acquisition of SpiderRock Advisors, an asset-management and technology firm, in a bid to bolster its range of investment services for affluent clients. The investment firm expressed its intention to leverage SpiderRock’s expertise to enhance its ability to cater to the unique needs of high-net-worth individuals. SpiderRock, which currently manages approximately […]
FDIC Flags Mounting Credit Card, Commercial Real Estate Risks for Banks
The latest quarterly report from the Federal Deposit Insurance Corporation (FDIC) revealed escalating credit card and commercial real estate debt posing risks to the US banking industry. Although overall bank profits exceeded $1 trillion for the first time, significant headwinds remain. One troubling metric was the net charge-off rate, which measures debt banks do not […]
Just For Laughs Had Assets Seized A Week Before Insolvency Announcement
Just a week before announcing it was seeking creditor protection, Groupe Juste pour rire Inc. (JPR), the company that runs the iconic Just for Laughs comedy festival in Montreal, had over $800,000 seized from its assets by a bailiff. The seizure stems from a court-ordered payment that JPR failed to make to a former employee, […]