March 15, 2025

Canada

Finance

CI Financial Corp. Announces Final Results of Substantial Issuer Bid

TORONTO, July 10, 2024–(BUSINESS WIRE)–CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation“) today announced the final results of its substantial issuer bid (the “Offer“) under which it has purchased for cancellation 5,000,000 of its common shares (the “Shares“) at the purchase price of $15.50 per Share, for an aggregate purchase price of approximately

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Finance

Alpine Credits finances $5 Billion for homeowners, unlocking access to home equity in Canada

Alpine Credits Over 25k Canadian homeowners–just like you–have been helped to tap into their home equity SURREY, British Columbia, June 28, 2024 (GLOBE NEWSWIRE) — Alpine Credits Ltd. has just announced that it has facilitated over $5 billion in home equity financing since its inception in 1969, further cementing the company’s position as Canada’s leading

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Finance

LISD receives prestigious financial reporting award from GFOA

The Certificate of Achievement for Excellence Award in Financial Reporting was presented to the Laredo Independent School District by the Government Finance Officers Association of the United States and Canada for the district’s award-winning annual comprehensive financial report for the fiscal year ended June 30, 2023. The Certificate of Achievement is the highest form of

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Finance

Finance Canada’s Kirsten Fraser takes to the stage at OBExpo Canada 2024

Kirsten Fraser, director, financial services innovation at Finance Canada, told delegates at Open Banking Expo Canada that the Department of Finance team is working towards the Government’s 2025 target for consumer-driven banking to go live. In a Fireside Chat with Eyal Sivan, general manager North America at Ozone API and chair of the Main Stage

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Loans

Italy PM Says EU States Won’t Be Directly Involved in G7 Ukraine Loan

BORGO EGNAZIA, Italy (Reuters) – European Union states won’t be directly involved for now in a $50 billion loan that Group of Seven nations plan to raise for Ukraine based on income from frozen Russian assets, Italian Prime Minister Giorgia Meloni said on Saturday. The Group of Seven rich democracies agreed during their annual summit

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Finance

Bank CEOs to testify at parliamentary committee on climate impacts of finance

OTTAWA — The CEOs of Canada’s five biggest banks are set to testify before a parliamentary committee Thursday afternoon about the impacts of the financial sector on climate and the environment. The chief executives of Royal Bank of Canada, TD Bank Group, BMO Financial Group, Scotiabank and CIBC are all scheduled to appear by video

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Property

Golden Gate Fields is closed. What’s next for this bayside property?

The last horse race took place at Golden Gate Fields this past Sunday. Now comes the speculation on what will happen to the waterfront property in the East Bay. Carlos Avila Gonzalez/The Chronicle The final race has crossed the finish line at Golden Gate Fields, setting the stage for the next contest: development of the 140-acre

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Loans

goeasy Ltd. Achieves $4 Billion Consumer Loan Portfolio

MISSISSAUGA, ON, June 3, 2024 /CNW/ – goeasy Ltd. (TSX: GSY), (“goeasy” or the “Company“), one of Canada’s leading consumer lenders focused on delivering a full suite of financial services to Canadians with non-prime credit, announced today that its consumer loan portfolio has surpassed $4 billion in gross loan balances. goeasy Ltd. Logo (CNW Group/goeasy

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Investment

Letter | Hong Kong is well-poised to boost China’s trade and investment

Thanks to investments from leading Chinese companies, including Contemporary Amperex Technology Limited (CATL) and BYD, Hungary is becoming a manufacturing hub for electric vehicles (EVs) and lithium batteries in central and eastern Europe. China has become the number one source of foreign investments there. Businesspeople and government officials I spoke to believe EV manufacturing’s contribution

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Mortgage

How Canada could have avoided the mortgage payment shock now ripping through the economy

housing-market-0514-ph Canada ranks among the countries hardest hit by higher interest rates in the developed world, but a new report says it didn’t have to be that way. Since the Bank of Canada began hiking rates in 2022, the debt-servicing ratio of Canadian households has soared to one of the highest among the advanced economies.

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