Finance

Freeland meets provincial and territorial finance ministers in Toronto

September 15, 2024

Deputy Prime Minister and Finance Minister Chrystia Freeland is hosting an in-person meeting Friday with the provincial and territorial finance ministers in Toronto to discuss issues including the current economic environment and the transition to a clean economy.

The meeting will focus on the economic situation both domestically and globally, according to a federal source with knowledge of the gathering, including discussions on how to provide incentives and supports to be competitive with the US’s Inflation Reduction Act.

US President Joe Biden’s Inflation Reduction Act includes electric-vehicle incentives that favor manufacturers in Canada and Mexico, as well as the US

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Finance

5 Types of People You Should Never Take Financial Advice From

August 11, 2024

All types of people love to give advice.

Some advisors may be professionals who watch the market on a regular basis. They may have a background in business and finance or be certified or licensed as financial planners. But there are also people who may want to give you advice with no financial background and/or who don’t understand your particular financial position.

Here are some people you shouldn’t be getting financial advice from – and how to choose a good financial advisor instead.

11 legit ways to make extra money

1. Family members

Your family may be well-intentioned when they

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Jerry
Finance

Alberta Finance Minister still eyeing the pension plan and tax collection

July 20, 2023

Finance Minister Nate Horner told Postmedia his objectives are about keeping a “steady hand on the wheel”

Published July 13, 2023 • Last updated 6 days ago • 3 minute read

Nate Horner
Nate Horner, president of the treasury board and minister of finance, spoke during an announcement that the Alberta government will extend the fuel tax pause program through to Dec. 31. The announcement was made at New West Truck Centers in Calgary on June 19, 2023. Photo by Gavin Young /Postmedia

Alberta’s premier is directing her finance minister to keep plugging away at

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Finance

Benefits of Eating Meat | Diabetic Mediterranean Diet

July 6, 2023

July 1, 2023 · 2:15 PM

Mucho protein, amigo

I found a review article at Animal Frontiers that makes the argument in favor of meat consumption. The authors admit little focus on the downsides of eating meat. I’ve been cutting back on my meat consumption out of sympathy for the animals. Here are some of the key points verbatim:

  • Aspects of human anatomy, digestion, and metabolism diverged from other primates, indicating evolutionary reliability on, and compatibility with, substantial meat intake. Implications of a disconnect from evolutionary dietary patterns may contribute to today’s burden of disease, increasing the risk for both
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Finance

Opinion: In this economy, traditional personal finance advice can no longer help you

May 18, 2023
Open this photo in gallery:

Elena Delgado picks up food during a visit to the Daily Bread Food Bank on April 18. Delgado has been using the food bank once a week since the pandemic began.Fred Lum/the Globe and Mail

Saijal Patel is the founder and chief executive officer of Saij Wealth Consulting, a consultancy and education platform dedicated to empowering women’s financial independence and security.

As a financial educator and a business TV host, I’m witnessing first hand the profound impact that recent economic changes have had on the psyche. There’s a notable shift in conversations – from

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Finance

Ontario woman, 39, moved 3,400 kilometers to northern BC for a government job and bought two houses: ‘It was a huge move’

May 8, 2023
Open this photo in gallery:

photo illustration by the globe and mail/iStockPhoto / Getty Images

Name, age: Sarah, 39

annual income: $48,000 salary plus $28,800 from rental income

Debt: $164,199 in mortgages; $5,600 on credit card

Savings: $1,500 in savings accounts; $37,690 in TFSAs; $40,400 in RRSP

What she says: civil servants

Where she lives: Northern BC

Top financial concerns: “I’d like to retire well before 68. I’d like to have $1.3-million in savings when I retire.”

In 2011, Sarah was facing a life-changing decision. She had a graduate degree but no job prospects in the northern Ontario city

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Finance

rhfl: Authum completes Rs 3,351 cr takeover of Reliance Home Finance Ltd

April 10, 2023
Authum Investments and Infrastructure has completed a Rs 3351 crore takeover of former Anil Ambani company Reliance Home Finance Ltd (RHFL), in what is the biggest resolution of a debt laden non banking finance company (NBFC) outside the bankruptcy courts.

“Authum has transferred the requisite amounts to secure creditors and the business transaction agreement has been signed by lenders to hand over the assets to them. This brings an end to a process which began almost three years ago,” said a person familiar with the deal .

RHFL owed creditors led by Bank of Baroda a total of Rs 11,540

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Finance

Stocks soar after First Republic gets $30 billion injection

March 16, 2023

US stocks rallied on Thursday after a consortium of 11 of the biggest US banks banded together to inject $30 billion in capital into troubled bank First Republic (FRC) as the sector works to stave off a broader financial crisis in the wake of multiple bank failures since last Wednesday.

At the closing bell, the S&P 500 (^GSPC) was up 1.7% and the Dow Jones Industrial Average (^DJI) higher by 1.2%, while the tech-heavy Nasdaq Composite (^IXIC) led gains for the session, rising 2.5 %.

Late Thursday afternoon, 11 banking giants led by JPMorgan (JPM) and Bank of America (BAC)

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