News: Money

Central bank to make its latest rate decision

Wednesday  16:22,   24 may 2017

<p>The Bank of Canada is expected to stick with its benchmark interest rate today even though the economy is off to a stronger-than-expected start in[...]

This 30-something started with $1,000 in savings and now owns 90 rental properties — here's his No. 1 tip for building wealth when you're young

Wednesday  15:45,   24 may 2017
Business Insider

<p>Chad Carson has been in real estate for the past 13 years, but he didn't find success as an investor overnight.</p>Chad Carson has been in real estate for the past 13 years, but he didn't find success as an investor[...]

Iran tried basic income, and people didn't give up their jobs

Wednesday  13:10,   24 may 2017
Business Insider

<p>One of the biggest criticisms of basic income, a system of giving people modest salaries just for being alive, is that it discourages people from working.</p>One of the biggest criticisms of basic income, a system of giving people modest[...]

Reporter's notebook: Be warned: US$25 Oil is coming, and along with it, a new world order

Wednesday  12:43,   24 may 2017

Get ready for cheap oil and self-driving cars sooner than you may think, CNBC's Oriel Morrison[...]

New Alberta bill enables consumer price cap on power bills

Wednesday  11:25,   24 may 2017

The Alberta government introduced a bill Tuesday that will allow it to place a cap on regulated electricity rates for the next four years. define("homepageFinanceIndices", ["c.deferred"], function () { var quotesInArticleFormCode =[...]

Somebody Once Paid 10,000 Bitcoins for 2 Pizzas. Today, That Would Be Worth $21.7 Million

Wednesday  09:55,   24 may 2017

Monday marked the 7th anniversary of what is widely believed to be the first real-world transaction involving Bitcoin , when one web user swapped 10,000 units of the virtual currency (then worth $0.003 apiece) for two pizzas."I’ll pay 10,000[...]

Carrier Plant Where Trump 'Saved' Jobs Plans Layoffs

Wednesday  09:55,   24 may 2017

Trump had said in December that he had persuaded the company not to outsource jobs to Mexico. But there will now be at least 600 layoffs at the plant.Carrier had opted in December 2016 not to move a number of jobs to Mexico from its Indianapolis[...]

Toronto stock index up on banks, industrials

Wednesday  07:39,   24 may 2017

TORONTO - Canada's main stock index chalked up a moderate gain today as financial stocks got a boost ahead of Canadian bank earnings this week. The Toronto Stock Exchange's S&P/TSX composite index climbed 18.48 points to 15,476.94, also[...]

Moody’s downgrades China rating to A1 from Aa3, citing concerns over a slowing economy, growing debt

Wednesday  07:39,   24 may 2017

Moody's Investors Service on Wednesday downgraded China's credit rating to A1 from Aa3, changing its outlook to stable from negative.Marie Diron, senior vice president for Moody's soverign rating group, told CNBC's "Street Signs" on[...]

Unpaid emergency leave recommended in Ontario

Wednesday  07:11,   24 may 2017

TORONTO - All Ontario workers should get a week of unpaid personal emergency leave a year, government-appointed experts recommended Tuesday, though they stopped short of urging paid sick leave for every employee. Two labour law experts consulted[...]

Analysis | Trump to poor Americans: Get to work or lose your benefits

Wednesday  07:11,   24 may 2017
The Washington Post

Budget proposes strict new work requirements to limit eligibility for food stamps and a host of other benefits as part of sweeping cuts to anti-poverty programs.The White House budget proposal, due to be unveiled on Tuesday, would reduce spending[...]

Survey confirms the painful truth about our household debt: Wells

Wednesday  05:30,   24 may 2017
Toronto Star

Has Manulife Bank uncovered the truth?Or is the bank merely reminding us of what we already know? “Debt truth revealed,” is the promotional line for the bank’s national survey of household debt, conducted across homeowners aged 20 to 69 with incomes [...]

Justice Department sues Fiat Chrysler over emissions

Wednesday  00:00,   24 may 2017

<p>The U.S. government has filed a civil lawsuit accusing Fiat Chrysler Automobiles NV of using software to bypass emission controls in diesel vehicles.</p>The U.S. government has filed a civil lawsuit accusing Fiat Chrysler Automobiles NV of[...]

Study details children's income outcomes

Tuesday  23:56,   23 may 2017

OTTAWA - A new study from Statistics Canada says that Canadian children have, on average, fared better financially than their parents. The research published today finds that of Canadians who turned 30 between 2000 and 2014, between 59 and 67 per[...]

How the stock market would fare if Trump was impeached

Tuesday  23:41,   23 may 2017

The past week of political upheaval in Washington has brought volatility to stock markets, raising questions of how markets would respond if the crisis[...]