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loans

As clock ticks down to CEBA deadline, business owners plead for understanding from government

by Anas Siddiqui
As clock ticks down to CEBA deadline, business owners plead for understanding from government

Some small business owners in Canada are asking for the federal government to reckon with the challenges they face as they confront a looming deadline to repay a portion of emergency government …

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New FAFSA finally arrives. There’s no time to spare to complete it.

by Sam Bailey
New FAFSA finally arrives. There’s no time to spare to complete it.

“`html These college majors are ranked the highest paying degrees in America A Bankrate study used three factors to determine the most desirable and well-paid degrees in America. The long-awaited simplified …

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After years of turbulence, small clothing designers struggle for a sustainable model

by Anas Siddiqui
After years of turbulence, small clothing designers struggle for a sustainable model

Amid high inflation, rising operating costs and shrinking Canadian demand, clothing designers in Nova Scotia say they’re struggling to find a sustainable business model. Designers say they’ve had to adjust to …

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U.S. Federal Reserve leaves key interest rate unchanged, expects 3 rate cuts in 2024

by Anas Siddiqui
U.S. Federal Reserve leaves key interest rate unchanged, expects 3 rate cuts in 2024

For a third straight time, the U.S. Federal Reserve kept its key interest rate unchanged Wednesday, as it signalled its expectations to make a series of quarter-point cuts to the benchmark interest …

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As expected, Bank of Canada holds interest rate steady at 5%

by Anas Siddiqui
As expected, Bank of Canada holds interest rate steady at 5%

The Bank of Canada decided to keep its benchmark interest rate steady at five per cent. The move was widely expected, as after raising its trendsetting rate 10 times since early …

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Bad loans piling up at big banks as TD, Royal and CIBC reveal quarterly numbers

by Anas Siddiqui
Bad loans piling up at big banks as TD, Royal and CIBC reveal quarterly numbers

Three of Canada’s biggest lenders posted quarterly earnings on Thursday, and as was the case at Scotiabank earlier in the week, they’re all putting a lot more money aside to …

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Scotiabank profit falls as bank sets aside almost $1.3B to cover bad loans

by Anas Siddiqui
Scotiabank profit falls as bank sets aside almost .3B to cover bad loans

The Bank of Nova Scotia said its profit slumped in the fourth quarter for a variety of reasons, but a major one was a more than doubling in the amount …

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TD Bank’s very bad year in the Maritime seafood business

by Anas Siddiqui
TD Bank’s very bad year in the Maritime seafood business

A bankruptcy and insolvency court in Halifax granted Chester Basin Seafoods more time to restructure late last week in order to save its business exporting silver hake, a relative of cod. The order approved a loan …

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Man alleged to be behind high-interest mortgage scam living large on social media

by Anas Siddiqui
Man alleged to be behind high-interest mortgage scam living large on social media

In his social media videos, Anas Ayyoub has painted a rags-to-riches story in which he says he went from having to “scavenge” for money to provide food for his family …

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The new Canadian Mortgage Charter explained

by Anas Siddiqui
The new Canadian Mortgage Charter explained

In the Fall Economic Statement (FES), the Liberal government unveiled an initiative it calls the Canadian Mortgage Charter. According to the statement, the charter builds on “existing guidance and expectations” regarding how …

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