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Finance

Bank of Canada pulls the trigger on rate increase

Bank of Canada pulls the trigger on rate increase

As widely expected, key lending rate inches up to 0.50 per cent with the first increase since 2018. It won’t be the last this year, analysts say
Local brokerage partners with developers to offer flexible financing solutions

Local brokerage partners with developers to offer flexible financing solutions

Taking the stress out of financing and helping clients realize their goals and vision
First National’s team on the ground surveys B.C. storm damage and long-run implications

First National’s team on the ground surveys B.C. storm damage and long-run implications

Michael Yeung. regional vice president, commercial financing, Western Canada at First National Financial assesses the damage and potential long-term implications
Prepare for surprises when buying or selling a business

Prepare for surprises when buying or selling a business

Panel of experts say suddenly cold-foot sellers, valuation variations – and spouses – among potential obstacles on route to a deal
Mortgage defaults remain very low, lenders say

Mortgage defaults remain very low, lenders say

Canadian Bankers Association says only 0.18 per cent of Canadian homeowners are underwater, despite record-high home high prices and mortgage debt
Bill C-208 is now law: Freeland

Bill C-208 is now law: Freeland

Finance Minister overrules officials to rule new legislation to level playing field when transferring a business within a family is now in effect
Buying a business: beyond the down payment

Buying a business: beyond the down payment

While cash equal to 20 to 30 per cent of the price is common, lenders can be flexible and there are options to access any extra funding needed
THE NUMBERS

THE NUMBERS

The number of Canadians who were unemployed increased by 413,000 (36.4 per cent) from February to March, the largest monthly change since comparable data became available in 1976.
Ottawa eases 75% wage subsidy eligibility rules, offers help to job-seeking students

Ottawa eases 75% wage subsidy eligibility rules, offers help to job-seeking students

Companies suffering 15 per cent revenue reductions can now apply, and those hiring students can get up to 100 per cent of wages covered
Canada Emergency Response Benefit applications now open

Canada Emergency Response Benefit applications now open

The CERB will provide residents who have lost their jobs or income with a temporary benefit of $500 a week for up to 16 weeks