News: Money

Coming soon to a mall near you: condos and office space

Sunday  13:25,   25 june 2017
cbc.ca

Canadian mall owners and developers were already in the process of getting approval for major makeovers - now Sears gives them all the more reason to move fast.Anchor tenants — typically big department stores — have always been a critical component[...]

What weak inflation means for Canadian consumers

Sunday  12:25,   25 june 2017
Maclean's

Econ-o-metric: Inflation isn’t an issue for most of us, so the Bank of Canada won’t rush to raise interest ratesThe cost of living in Canada grew the least in six months in May, Statistics Canada reported on June 23. The Consumer Price Index (CPI)[...]

A Second, Even Bigger Foreclosure Reaches NYC Billionaires' Row

Sunday  12:25,   25 june 2017
Bloomberg

Another luxury condo at Manhattan’s One57 is scheduled for a foreclosure auction -- the second time in a month that a property seizure is being sought at the Billionaires’ Row tower following a mortgage default. And it might be the biggest in New[...]

I got a windfall. Here's how I avoided blowing it.

Sunday  10:55,   25 june 2017
USA TODAY

<p>What would you do if you came into a large sum of money? And what if that windfall was associated with the loss of a loved one?</p>Susan Rose had to answer both of those questions and the way she handled the newfound cash provides a lesson[...]

A Street Fight Among Grocers to Deliver Your Milk, Eggs, Bananas

Sunday  10:41,   25 june 2017
The New York Times

Bananas can’t get cold. Milk mustn’t tip. Online food delivery still trips up companies. A day on the truck shows why.“I’m fast,” said Mr. Browne, slicing his hands in the air, ninja style. “In and out, in and[...]

Buffett's Home Capital Deal Kicked Off by 82-Year-Old Banker

Sunday  08:10,   25 june 2017
Bloomberg

Warren Buffett’s surprise investment in Home Capital Group Inc. all started with a single email from a Canadian investment banker who first met the billionaire 23 years ago. define("homepageFinanceIndices", ["c.deferred"], function () { [...]

Applying Vancouver's empty home tax may cost $2.7 million more than expected

Sunday  06:41,   25 june 2017
Vancouver Sun

With the July 1 deadline approaching for Vancouver dwellings to be rented out or be hit with the country’s first vacancy tax, it appears the cost of implementing the tax will be $2.7 million more than anticipated. No one can argue against the[...]

5 mindsets to give up if you want to get rich

Saturday  13:26,   24 june 2017
CNBC

If you want to be a millionaire, start thinking like[...]

Facebook’s Latest Privacy Battle Moved to Canada

Saturday  13:25,   24 june 2017
Fortune

Canada’s top court cleared the way on Friday for a lawsuit against Facebook over privacy rights to be heard in the province of British Columbia instead of California where the social media site is based. define("homepageFinanceIndices",[...]

Ritz-Carlton launching cruise line in industry-first brand expansion

Saturday  13:25,   24 june 2017
Bloomberg

<p>Want to cash in your SPG and Marriott points for a yacht cruise? That may soon be possible, as Ritz-Carlton, Marriott International Inc.'s flagship luxury brand, announced a seafaring expansion Thursday.</p>Its industry-first brand[...]

Where the World’s Wealthiest Spend Their Weekends

Saturday  11:25,   24 june 2017
Bloomberg

Now that the Hamptons are synonymous with wealth, leisure, and stratospheric real estate prices, it’s no surprise that brokers around the world are eager to associate their own listings with the area.  “What the Hamptons is to New York, wine[...]

LCBO offers extended hours at ‘select’ locations ahead of Monday strike deadline

Saturday  04:56,   24 june 2017
National Post

Ontario's provincial liquor retailer is embroiled in tough negotiations with OPSEU, the union representing its employees and which could legally go on strike midnight[...]

Vancouver Home Lists for $63 Million in Buoyant Market

Saturday  01:41,   24 june 2017
Bloomberg

A waterfront mansion on a Vancouver street known as Billionaires’ Row is on the market for C$63 million ($48 million) -- a record listing in a market where rapid home-price gains are seemingly unstoppable.Perched above a popular beach, the manor[...]

GM agrees to settle lawsuits over ignition switches

Friday  22:42,   23 june 2017
Reuters

<p>General Motors has agreed to settle federal lawsuits by as many as 203 plaintiffs over defective ignition switches in its vehicles, a Friday court filing shows.</p>Settlement terms are confidential, but the accord could also resolve[...]

Iqaluit is one of the most expensive cities in Canada to rent, CMHC says

Friday  22:42,   23 june 2017
cbc.ca

Land availability in Iqaluit is limiting new construction and further straining its dire housing situation, according to the Canada Mortgage and Housing Corporation. In its 2017 northern housing report, the CMHC examined housing markets for the [...]