March 15, 2025

breaking news

Finance

How Mark Carney’s choice of finance minister shows he wants to shake things up

Open this photo in gallery: Mark Carney was sworn in as Canada’s prime minister on March 14, taking charge of a country rattled by a breakdown in U.S. relations since President Donald Trump’s return to power.DAVE CHAN/AFP/Getty Images Mark Carney wants to move fast and build things. There was nothing subtle about the new Prime

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Investment

Vietnam’s Every Half Coffee Roasters receives new investment

The Ho Chi Minh City-based specialty coffee roaster and café chain will use new funding from Openspace Ventures and DSG Consumer Partners to improve its supply chain, work with farmers to develop climate-resilient coffee varieties and open new retail outlets Every Half’s Pasteur outlet in Ho Chi Minh City (pictured) opened on 12 August 2024 | Photo credit:

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Mortgage

2 B.C. landlords can raise rents by 23.5% after mortgage rate increases

Split over 2 years – 12% the 1st and 11.5% the 2nd – it’s in addition to B.C.’s rent limit increase B.C.’s Residential Tenancy Branch has ruled two landlords can increase rents for their tenants by 23.5 per cent over two years after they successfully argued that they incurred a financial loss as mortgage rates

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Crypto

Leawood police recover $19K in cryptocurrency scam

Leawood police recover $19K in cryptocurrency scam after victim deceived by ‘Bitcoin ATM’ Updated: 3:31 PM CDT Aug 15, 2024 Leawood police have recovered over $19,000 for a victim of a cryptocurrency scam after successfully tracing and seizing the funds.Police say the victim was deceived into purchasing cryptocurrency at a “Bitcoin ATM” as part of

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Loans

Beacon Capital to Default on $370M Loan for Chicago’s AMA Plaza

Fred Seigel’s firm looks like it’s fed up with its floating interest rate on a massive Chicago office tower loan. His Boston-based Beacon Capital Partners’ $370 million commercial mortgage-backed securities loan moved to special servicing in recent weeks, a sign the borrower is likely to default on the debt tied to the 1.2 million-square-foot skyscraper

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Finance

U.K.’s new finance chief pitches Bay Street on plan to boost investment in Britain

Open this photo in gallery: Rachel Reeves, Chancellor of the Exchequer for Britain, speaks during an interview at the British Consulate in Toronto on Aug 7.Fred Lum/The Globe and Mail Britain’s Labour Party romped to victory last month over the incumbent Conservatives with a focus on economic growth and a promise of fiscal restraint aimed

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Finance

Gail Vaz-Oxlade on how her first job taught her tenacity: ‘Once I passed that spot, I could smell the money’

Open this photo in gallery: Author Gail Vaz-Oxlade in Toronto on Jan. 6, 2010.JENNIFER ROBERTS/The Globe and Mail Finance guru and Til Debt Do Us Part host Gail Vaz-Oxlade didn’t always know about money … because she didn’t have any. In 1977, the new immigrant faced big changes and challenges. In Canada, if she wanted

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Mortgage

Opinion: A mortgage crisis still looms for Canada, for the worst is yet to come

Open this photo in gallery: Rising rates also make houses less affordable. Andrew Auerbach and Jean Blacklock are contributing columnists for The Globe and Mail. They are co-founders of Delisle Advisory Group, an independent wealth management firm serving high-net-worth families. In 2020, in the face of soaring house prices and increasing household debt, Canada’s largest

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Mortgage

Mortgage Applications Decline For 3rd Week Despite Modest Rise In Purchase Activity

Mortgage applications in the U.S. fell for a third week in a row even as purchasing activity increased, the weekly survey results from the Mortgage Bankers Association showed Wednesday. For the week ending July, mortgage applications decreased 0.2 percent from one week earlier, when they fell 2.6 percent. The latest week results included an adjustment

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Loans

New loans contract sharply amid BOT’s responsible lending policy

Tightening of loan criteria in response to the Bank of Thailand (BOT)’s responsible lending policy has resulted in large contractions in new loans in the first four months of this year, says the National Credit Bureau (NCB). Introduced in January to combat soaring household debt, the responsible lending policy aims to curb non-performing loans (NPLs)

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