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The Benefits of Having a Line of Credit

Could you imagine winning the Powerball when the jackpot was over $1.5 billion? That would certainly take care of your bills. In fact, you could probably pay for all of our family’s bills and still have more than enough left over to never have a single worry ever again. Unfortunately, you didn’t win that jackpot, nor are the chances of ... Read More »

Australia sends relief ship to Fiji in wake of Cyclone Winston

Australia is sending a relief ship to Fiji to assist in the recovery effort after Cyclone Winston, the worst ever recorded in the southern hemisphere, tore through the island nation last Saturday, as the sheer scale of the disaster becomes clearer. The death toll from the category five storm remains at 42, according to a statement from Fiji’s National Disaster ... Read More »

Bank of England’s Carney warns of zero-sum game from negative rates

Bank of England Governor Mark Carney warned on Friday that moves by central banks to cut interest rates below zero risked creating a “beggar-thy-neighbour” environment which could leave the global economy trapped in low growth. In a speech to be delivered at a meeting of Group of 20 finance ministers and central bank chiefs in Shanghai, Carney also blamed the ... Read More »

After G20 stalemate, focus turns to signs of growth momentum

Investors worried about the risk of a new global recession are hoping that data over the coming week will show that some momentum remains in the world economy, eight years into its slow recovery from the financial crisis. The Group of 20 economies were unable to agree on a joint push for new stimulus measures at a meeting which ended ... Read More »

Mervyn King: new financial crisis is ‘certain’ without reform of banks

The former Bank of England governor says in his new book that imbalances in the global economy makes a crash inevitable Mervyn King: ‘Failure to tackle the disequilibrium in the world economy makes it likely that a crisis will come sooner rather than later.’ Photograph: Philip Toscano/PA Another financial crisis is “certain” and will come sooner rather than later, the ... Read More »

After G20 stalemate, focus turns to signs of growth

The Group of 20 economies were unable to agree on a joint push for new stimulus measures at a meeting which ended on Saturday. Investors worried about the risk of a new global recession are hoping that data over the coming week will show that some momentum remains in the world economy, eight years into its slow recovery from the ... Read More »

The Benefits Of Document Shredding

Despite growing awareness of mass marketing fraud, it’s still one of the largest threats to Canadian citizens and businesses. In 2014 alone, there were over 14,000 victims of this crime, reporting over $74 billion in damages to the Canadian Anti-Fraud Centre. Ontario is home to the majority of these cases, and it saw the highest amount of dollars lost. When ... Read More »

Rising risk of earnings recession as expectations slide

With the fourth-quarter earnings season all but over, expectations for the ongoing quarter have continued to deteriorate, fueling concerns that the U.S. is heading for an earnings recession. Almost 94% of S&P 500 companies have reported earnings, according to FactSet data, and expectations for the current quarter have tumbled to a decline of 7.5% as of Thursday, far wider than ... Read More »

Historical pattern says the risk of a 2016 bear market is zer

In physics, escape velocity is the minimum speed needed for an object to break free from the gravitational attraction of a massive body. What is the “escape velocity” needed for stocks to break their down trend? Unlike in physics, there is no fail-proof formula for stocks. However, based on history, the S&P 500 just rallied strongly enough to end its ... Read More »

NHAI’s public issue of tax-free bonds oversubscribed

National Highways Authority of India’s (NHAI) public issue of tax-free bonds saw considerable response on Wednesday even as investors bid 2.76 times the notified amount of Rs 3,300 crore, according to information provided by bond arrangers by evening. The highest subscription came from the corporates category at 6.6 times the allotted size of Rs 660 crore. This was followed by ... Read More »