Paulson Calls for U.S. Emergency Treasury Debt Plan
Former Treasury Secretary Henry Paulson warns of potential collapse in Treasury demand due to federal debt, urging creation of a targeted emergency plan to prevent vicious economic effects.
Category : Banking Finance
Call for 10-Year Mortgages to Boost Canadian Homeowner Security
Experts urge Ottawa to implement affordable 10-year mortgages, citing the risks of short-term renewals and the need for stable payment options in Canada's housing market.
Financial News: Housing, AI Banking, Tax Tips in Canada
A comprehensive look at today's top financial stories in Canada, covering cautious first-time homebuyers despite incentives, AI-driven productivity gains in banking, and practical tax filing advice.
CRA Pays Out $5M Fraudulent Tax Refund: Report
Canada Revenue Agency mistakenly issued a $5 million tax refund based on a falsified return, according to court records. The incident highlights potential vulnerabilities in tax processing systems.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Half of Canadian Borrowers Choose Variable Mortgage Rates
A significant 47.1% of prime borrowers in Canada are selecting variable mortgage rates, despite rising oil prices and inflation risks, as experts highlight flexibility and lower prepayment penalties.
CRA Pays $5 Million Fraudulent Tax Refund in B.C.
Canada Revenue Agency mistakenly issued a $5 million tax refund to a B.C. woman who claimed non-existent foreign income from 'The United Nations,' highlighting systemic issues with automated refund systems.
Quants Find Edge in Polymarket Earnings Predictions
New research reveals prediction markets like Polymarket may outperform traditional Wall Street analysts in forecasting corporate earnings, with bettors showing remarkable accuracy.
Mark Mobius, Emerging Markets Pioneer, Dies at 89
Mark Mobius, the legendary investor who pioneered emerging markets investing through hands-on research and decades of global travel, has passed away at 89 in Singapore.
Canadian Banks Use AI to Save Time and Increase Efficiency
Major Canadian banks report significant productivity gains through AI implementation, with CIBC saving 1.2 million hours and TD reducing mortgage approvals to minutes.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
BusinessWISE Pension Plan Earns 8.1% Return in 2025
The BusinessWISE Trust Pension Plan achieved a net annual return of 8.1% in 2025, showcasing robust performance in a challenging economic climate. This result highlights effective investment strategies and financial management.
Finance Ministers Call for Iran War Ceasefire to Shield Economies
Finance ministers from multiple nations are urging a complete ceasefire in the Iran war, citing severe economic damage. The call highlights growing international pressure to end the conflict.
SEC Approves Plan Removing Day-Trading Limit for Investors
The U.S. Securities and Exchange Commission has approved a plan to eliminate the $25,000 minimum equity requirement for pattern day traders, marking a significant shift in retail investing regulations.
Canadian Held at 'Alligator Alcatraz' for Tax Debt
A 61-year-old Canadian man is being held at a US detention facility known as 'Alligator Alcatraz' for owing $12,000 in back taxes, one of only two Canadians detained there since it opened.
CPA Canada CEO Pamela Steer Named GAA Chair
Pamela Steer, CEO of Chartered Professional Accountants of Canada, has been elected as the new Chair of the Global Accounting Alliance, highlighting Canadian leadership in shaping global accounting standards and practices.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Trump Threatens to Fire Fed Chair Powell Over Term Extension
Former President Donald Trump has threatened to dismiss Federal Reserve Chairman Jerome Powell if he remains in office after his term expires next month, escalating tensions over central bank independence.
Bank of America Beats Profit Estimates on Trading, Banking Gains
Bank of America reported higher-than-expected quarterly profits, driven by robust performance in trading and investment banking divisions, signaling resilience amid economic fluctuations.
Why Investors Should Consider Private Assets: Benefits and Risks
Private assets offer diversification, higher returns, and unique opportunities, but investors must consider liquidity and fees. Learn why pension plans invest heavily while retail investors often avoid them.
61% of Canadians Experience Financial Whiplash in Uncertain Economy
A new MNP report reveals 61% of Canadians feel financial whiplash due to persistent economic uncertainty, with many struggling to meet obligations and delaying major decisions.
Austrian Arrested in Italy for €63M Tax Fraud
An Austrian citizen has been apprehended by Italian authorities on charges of orchestrating a sophisticated tax evasion scheme totaling over €63 million, highlighting cross-border financial crime enforcement.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
OSFI Flags Non-Bank Lending and Cyber Risks to Financial System
Canada's federal banking regulator highlights exposure to non-bank lenders and hedge funds as top risks, alongside real estate lending and liquidity concerns, in its annual outlook.
TD, BMO to Act as Market Makers for New Credit Futures
TD Securities and BMO Capital Markets will serve as liquidity providers for the new FTSE Canada Bank Credit Index Futures, designed to bring credit hedging back to Canadian markets from the U.S.
TSX Up 100+ Points, U.S. Markets Higher
The S&P/TSX composite index surged more than 100 points, with U.S. stock markets also posting gains. This uptick reflects positive investor sentiment amid economic developments.
River Challenges Banks with Bitcoin Banking Services
River launches banking services that offer 3.3% interest paid in bitcoin, challenging traditional banks that keep most interest for themselves. The company aims to help Americans combat inflation and build lasting wealth.
Citi Profits Jump 42% as Trading Revenue Soars
Citigroup reports a significant 42% increase in first-quarter profits, driven by heightened market volatility that boosted trading revenue, outperforming analyst expectations.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
JPMorgan Profits Surge on Record Trading and Dealmaking
JPMorgan Chase exceeded Wall Street expectations with robust first-quarter earnings, driven by unprecedented trading revenue and a resurgence in investment banking activities.
Wells Fargo Shares Fall on Interest Income Miss
Wells Fargo's quarterly interest income failed to meet analyst forecasts, leading to a decline in its stock price amid broader financial market scrutiny.
Moral Tax for Leaving Canada Won't Stop Brain Drain, Experts Warn
A proposal to impose a moral tax on Canadians leaving the country faces criticism as experts argue it fails to address the root causes of brain drain and capital flight.
CIBC Restores Banking Services After Technical Issues
The Canadian Imperial Bank of Commerce has successfully restored full functionality to its mobile app and online banking platforms following a reported service disruption that affected customers across the nation.
Lotto Max Changes: Impact on Jackpot Odds Explained
Recent adjustments to Lotto Max rules could significantly alter your chances of winning the jackpot. Learn how these changes affect probability and what it means for players.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Woman Loses $3,500 in E-Transfer Error, Calls for Banking Safeguards
A New Brunswick woman accidentally sent over $3,500 to the wrong recipient via e-transfer and is urging banks to implement stronger verification measures to prevent such costly mistakes.
Page 7 of 34
