The federal privacy commissioner’s report on unsecure mortgage broker practices for protecting client information has further exposed the industry to potential fraud crimes. “If I was a professional criminal, a mortgage broker would be my main target,” said Greg Viger, accredited mortgage professional with Dominion Lending Centres Financial Ltd. in Burnaby, B.C. “Bad press like […]

Wal-Mart Stores Inc. changed the face of retail in North America by making life easier for the little guy through its simple formula of cutting prices and cranking up volumes. Is banking next? This week the retailing giant won final approval to open a bank in Canada, providing entry to an industry that has been […]

Fraser Valley Real Estate Board NEWS RELEASE For immediate release: June 2, 2010 FRASER VALLEY BUYERS ENJOY ABUNDANT SELECTION (Surrey, BC) – Property buyers continued to see an increase in selection while sellers faced more competition as listings grew and sales decreased on Fraser Valley’s Multiple Listing Service® (MLS®) in May. The Fraser Valley Real […]

Pension shortfall hits middle class   About 20 to 25 per cent of Canadians are not saving enough to provide an adequate retirement income, says the chief economist of TD Bank Financial Group.   One of the ironies of that statistic is that these pension laggards fall into the middle class group of those who […]

Outrunning the bear market by By Alexandra Twin, senior writerWednesday, June 2, 2010provided by After the Dow’s worst May in 70 years, the threat of the stock correction becoming a full-blown bear market has intensified. But this isn’t new territory for long-term investors. They’ve faced this precipice 29 times since World War II, according to […]

Carney plots cautious rate path Jeremy Torobin Globe and Mail   Mark Carney is taking a cautious approach to raising interest rates, weighing Canada’s powerful economic rebound against the uncertainty of an “increasingly uneven” recovery across the globe. The Bank of Canada Governor became the first central banker in the Group of Seven to raise […]

by Gail Vaz-Oxlade, for Yahoo! Canada FinanceThursday, May 27, 2010 Ever wonder how that magical number – The Credit Score – is computed?  Whether you’re obsessing over your FICO score or your Beacon score, you’re likely shopping for credit. The FICO score was developed by Fair Isaac & Co., which began credit scoring in the […]

Tuesday, 1 June 2010 After more than a year at a record low level, Bank of Canada Governor Mark Carney raised the benchmark interest rate for the first time since 2007 by one-quarter percentage point to 0.5 per cent.  This is the first time since 2007 that that rate has increased and the Bank of […]

Realtors to Canadians: Chill out Steve Ladurantaye Real Estate Reporter Globe and Mail Update There will be no drastic drop in Canadian housing prices, the Canadian Real Estate Association said Thursday, because house prices will stabilize and climbing household income will make owning a home more affordable. Responding to reports from some of the country’s […]

By Julian Beltrame, The Canadian Press OTTAWA – The Canadian dollar plunged to its lowest level in eight months before recovering Tuesday, sending a clear signal that Europe’s debt crisis has the potential to reach across the Atlantic and impact Canada’s mending economy. The loonie has lost about eight per cent of its value over […]