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Loan

Facing a severe physician shortage, feds to offer loan forgiveness for some doctors, nurses

by Akin Smith
Facing a severe physician shortage, feds to offer loan forgiveness for some doctors, nurses

In a bid to increase the number of doctors and nurses practising in rural and remote areas, the federal government said Tuesday it would increase forgivable loans for some students. Canada …

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Hong Kong luxury property owners turn to high-interest private loans for relief from liquidity pain

by Anas Siddiqui
Hong Kong luxury property owners turn to high-interest private loans for relief from liquidity pain

That amount matches what she paid for the Repulse Bay land plot in 2011 at what was then the second-highest price per square foot ever paid in the city, HK$38,500 …

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Business bankruptcies shot up by more than 41% last year, as pandemic debts mount

by Anas Siddiqui
Business bankruptcies shot up by more than 41% last year, as pandemic debts mount

Business insolvencies jumped by more than 41 per cent in 2023, according to data released Friday by Canada’s top financial regulator. The report from the Office of the Superintendent of Bankruptcy …

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Chinese police crack down on ‘Apple ID loan’ rackets, some of which were advertised under Tim Cook’s name

by Anas Siddiqui
Chinese police crack down on ‘Apple ID loan’ rackets, some of which were advertised under Tim Cook’s name

Police in China have arrested more than 40 people in relation to fraudulent schemes that target iPhone users in the country, whereby people give up their personal Apple IDs to …

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A wave of defaults has real estate lawyers urging presale buyers to be cautious

by Anas Siddiqui
A wave of defaults has real estate lawyers urging presale buyers to be cautious

In 2021, Sudip Sehgall put down an $81,990 deposit on a yet-to-be-built townhouse in Surrey, B.C. While it was under construction, he occasionally visited the site to watch it grow. …

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She received the CEBA loan more than 3 years ago — her bank now says she wasn’t eligible

by Anas Siddiqui
She received the CEBA loan more than 3 years ago — her bank now says she wasn’t eligible

With a major deadline to repay a pandemic era loan just over a month away, one small business owner says she’s only now being told she was never eligible for …

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Doctor will repay $100K loan provided as incentive to work in northern Manitoba town

by Akin Smith
Doctor will repay 0K loan provided as incentive to work in northern Manitoba town

A family doctor who committed to work for a decade in a northern Manitoba community — and then left within two years — says she has agreed to repay a …

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BMO raises dividend, even as profits slump and loan loss provisions increase

by Anas Siddiqui
BMO raises dividend, even as profits slump and loan loss provisions increase

BMO Financial Group raised its dividend as it reported its fourth-quarter profit fell compared with a year ago. The bank said Friday it will now pay a quarterly dividend of …

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Doctor took $100K loan to work in northern Manitoba town, left before contract was up: court documents

by Akin Smith
Doctor will repay 0K loan provided as incentive to work in northern Manitoba town

A family doctor recruited to work for a decade in a northern Manitoba community left after just 16 months and is now refusing and/or neglecting to repay a $100,000 interest-free loan, …

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Exclusive: Japan banking giant MUFG bullish on China, Asia-Pacific growth as it bets on trade flows, ESG financing: Asia-Pacific CEO

by Anas Siddiqui
Exclusive: Japan banking giant MUFG bullish on China, Asia-Pacific growth as it bets on trade flows, ESG financing: Asia-Pacific CEO

Banking giant MUFG Bank’s corporate clients are bullish about China in the long run despite the country’s economic slowdown, according to a top executive at the Japanese lender. “I have …

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