14. 02. 2016

China Needs Transparency in its Markets

On the first day of trading after the week-long Chinese New Year holiday, Chinese central bank governor Zhou Xiaochan blamed speculators for the fall of the Chinese currency, the yuan. He said there...

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18. 10. 2013

Be Wary of Investment Scams

I have been hearing a lot of people being duped by confidence tricksters when it comes to getting people to invest their money in certain schemes. The first tip off that you are...

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09. 09. 2013

Rule Change Opens U.S. Housing Market to Previous Short-sale Losers

U.S. credit bureaus historically have identified a person who short-sold their home as the same type of transaction as if the home had been foreclosed upon. A short-sale is when a home has...

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06. 09. 2013

Where are Interest Rates Headed?

On Wednesday, the Bank of Canada released its target statement for the benchmark overnight interest rate. While it said they would continue to maintain it at 1%, the tone of the statement seemed to...

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11. 08. 2013

Other Costs Encountered When Buying Your Home

When preparing for the purchase of your new home, apart from the actual purchase price, there are other things you will have to pay to finalize the deal.  The bank, when they speak with...

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07. 08. 2013

CMHC Caps Mortgage Guarantees

I will hand it to the government of Canada, they know how to time the release of bad news. Last year at this time while the real estate market was hot and prices...

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06. 08. 2013

Internet Changes Nature of Business

The wide usage of the internet has affected many industries adversely, but the newspaper industry is one of the most negatively effected industries. The internet, combined with revenue drop from the effects of...

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05. 08. 2013

Bringing Down the House With Depreciation

The accounting world has given us the wonderful term known as ‘Depreciation’. It occurs when an asset loses value.  For electronics, it happens rapidly, new technology renders older model slower than their current...

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07. 06. 2013

Bank of Canada Wants to Rebuild Canadian Businesses

Bank of Canada Governor Stephen S. Poloz gave his first address to the House of Commons Finance Committee  yesterday morning.  The media still doesn’t appear to be treating the new Governor with the same...

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05. 06. 2013

Canadian Real Estate Market

Canada has so far managed to sidestep the housing troubles that has ravaged many nations since the United States first started to show signs of its economic problems in 2007.   However, now with...

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