Inflation is coming down. But it’s been three crazy years since COVID arrived in 2020 and set the economy on a series of wild swings that still haven’t completely abated. So what’s back to normal? And what isn’t? The annual inflation rate is now 4.9%, down from a peak of 9% last June. Before COVID,…
Category: Finance
Getting the best bang for your buck with your tax refund
As Canadians receive their tax refunds, they’ll have to choose where to allocate it to make the most of the cash. It’s tempting to go out for a nice dinner or even plan a weekend getaway after receiving your tax refund, depending on how big it is. Unfortunately, getting the best bang for your buck…
Canadian banks hit with downgrades as economic storm clouds gather
Breadcrumb Trail Links Finance Banking Looming recession leads some analysts to hand out downgrades and slash outlooks Get the latest from Stephanie Hughes straight to your inbox Signup Published May 10, 2023 • Last updated 6 hours ago • 3 minute read Bank towers in Toronto’s financial district. Photo by Peter J. Thompson/Financial Post Article…
Lument Finance Trust Announces Quarter-End Earnings Release and Investor Call Dates
Published: may. 9, 2023 at 5:00 PM EDT|Updated: 29 minutes ago NEW YORK, May 9, 2023 /PRNewswire/ — Lument Finance Trust, Inc. (NYSE: LFT) (“we”, “LFT” or “the Company”) announced today that it expects to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 with the Securities and Exchange Commission…
Have your say: Are you jumping into the housing market?
This copy is for your personal non-commercial use only. To order presentation-ready copies of Toronto Star content for distribution to colleagues, clients or customers, or inquire about permissions/licensing, please go to: www.TorontoStarReprints.com Read the full story here: What’s the maximum number of years I can lock into a fixed-rate mortgage in Canada? For more Star…
DEUS Finance lost $6M following stablecoin hack
Decentralized finance (DeFi) protocol Deus Finance has lost over $6 million due to a security breach on its stablecoin DEI (DEI). The hacker exploited a vulnerability in the BNB Smart Chain (BSC) on May 5, according to blockchain security firm PeckShield. A bot initiated the hack on the BSC, which led to a loss of…
NexGen Energy Receives Strong Support for Rook I Project Financing in Excess of US$1 Billion
VANCOUVER, BC, May 1, 2023 /CNW/ – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce that it has received significant initial interest from prospective financial institutions, including commercial lenders and export credit agencies, for providing project financing for the Rook I Project (the “Project” or “Rook…
Are banks the new meme stocks?
Amateur trader Matt Kohrs said he lost nearly $30,000 betting on the recovery of First Republic, a bank seized by regulators last Monday. Burnt by the trade, the 28-year-old decided it made more sense to bet that regional lenders would decline. He took short positions in PacWest (PACW), Western Alliance (WAL), Zions (ZION) and SPDR…