Money

Thinking of taking on more debt? How to DIY your own financial stress test – National

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With interest rates at near-zero levels, the temptation to borrow is growing. The first wave of pandemic restrictions and job losses triggered a national savings spree. Canadians rushed to beef up their emergency funds, and many also found they had more cash on hand at the end of the …

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City of Vancouver pushes for funding in order to keep the PNE afloat in 2021

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There are renewed calls for the federal and provincial government to step in to help the Pacific National Exhibition stay afloat. On Wednesday, Vancouver city council voted in favour of a motion to seek COVID-19 funding from the senior governments. Lisa Dominato, Vancouver city councillor and chair of PNE …

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More than 200K small businesses could close permanently amid pandemic: CFIB

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More than 200,000 Canadian small businesses could shut their doors permanently due to the novel coronavirus pandemic, jeopardizing close to three million private-sector jobs in the worst-case scenario, according to a recent survey by the Canadian Federation of Independent Business (CFIB). The organization estimates 181,000 small entrepreneurs are seriously …

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Bank of Canada widely expected to keep rates on hold at 0.25% – National

Bank of Canada widely expected to keep rates on hold at 0.25% - National

By Staff The Canadian Press Posted January 20, 2021 9:10 am     Updated January 20, 2021 9:22 am Smaller font Descrease article font size –A Larger font Increase article font size A+ Canada’s central bank …

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Lethbridge post-secondary schools see spike in demand for financial aid during COVID-19 – Lethbridge

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Officials at Lethbridge post-secondary institutions say they had to react quickly to make emergency funding available to students heading into the fall semester due to an unprecedented demand for support caused by the COVID-19 pandemic. Donors have stepped up to help both post-secondary institutions in the city, with funding …

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Pandemic housing boom means affordability is no longer just a big-city problem

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Canada’s housing market closed 2020 with a bang — another record-setting month for both home sales and prices. The number of existing properties that changed hands in December was 47 per cent higher than in December of 2019, the largest year-over-year increase in 11 years, according to data released …

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Joe Biden set to unveil stimulus plan to jump-start U.S. economy – National

Joe Biden set to unveil stimulus plan to jump-start U.S. economy - National

President-elect Joe Biden will unveil a stimulus package proposal on Thursday designed to jump-start the economy during the coronavirus pandemic with an economic lifeline that could exceed US$1.5 trillion and help minority communities. Biden campaigned last year on a promise to take the pandemic more seriously than President Donald …

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December lockdown was ‘the last straw.’ Job numbers show impact of new COVID-19 restrictions – National

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Nick Cassinath says he hasn’t paid himself since the beginning of novel coronavirus pandemic. The owner of Northern Artists, a Toronto photo lab that’s been in business since 1979, says his shop has been hanging by a thread since COVID-19 first struck Canada back in March. “The CERB completely …

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Wall Street shrugs off U.S. Capitol lockdown as stocks keep rising – National

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Wall Street is rallying toward record highs again Thursday on expectations that the Democratic sweep of Washington means more stimulus is likely on the way for the economy. The S&P 500 was 1.5 per cent higher in the first trading after Congress confirmed Joe Biden as the winner of …

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2nd round of MPI rebate cheques in the mail – Winnipeg

2nd round of MPI rebate cheques in the mail - Winnipeg

The second round of Manitoba Public Insurance rebate cheques are in the mail. The public insurer said staff have worked around the clock during the holiday season to get them out for delivery. The rebates are expected to be about $100 for most policyholders. Rebates that are $10 or …

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