Category: Finance

G20 finance chiefs set to discuss reforms to development banks, crypto, debt

NEW DELHI (Reuters) – Finance ministers and central bank governors of the G20 member nations are set to meet and discuss reforms to multilateral development banks, a framework for crypto assets and debt treatment of some countries, an Indian government official said Wednesday.

India, which holds this year’s G20 presidency, will host global finance chiefs and deputies in the western state of Gujarat between July 14-18.

The first volume of a report on strengthening multilateral development banks by an expert group set up under the G20 and a “guidance note” to develop a globally coordinated framework for regulation and supervision

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Apollo to Launch Private Fund in Asset-Based Financing Buildout

(Bloomberg) — Apollo Global Management Inc. is launching its first-ever fund dedicated to asset-based financing, laying the groundwork for what the firm is telling investors could be the largest vehicle of its kind in the market.

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The new fund marks a move by one of the world’s largest alternative asset managers to expand its more-than-$100 billion platform for asset-based financing by tapping external investors directly, according to a person familiar with the matter who asked not to be named because the matter is private. The vehicle stands to climb to more than $5 billion in size,

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How to split RRIF income with a spouse to get the $2,000 tax credit

For most people, it makes sense to convert enough of your RRSP to a RRIF and claim the pension tax credit

Published July 14, 2023 • Last updated 6 days ago • 4 minute read

The pension tax credit is non-refundable, meaning you can't reduce your income below zero and expect to get a tax refund — it is non-refundable.
The pension tax credit is non-refundable, meaning you can’t reduce your income below zero and expect to get a tax refund — it is non-refundable. Photo by JIM WELLS/CALGARY SUN/QMI AGENCY files
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The Bank of Canada’s latest rate hike is bad news for renters and some landlords

The latest rate hike by the Bank of Canada is expected to have widespread ripple effects for renters and real estate investors, beyond its implications for homeowners with mortgages.

The increase of a quarter of a percentage point and another hike of the same size that could come in September will boost demand for rentals, force some landlords to sell and put a further damper on the construction of new rental and condo units, experts say.

The central bank raised its trend-setting interest rate to 5 per cent on Wednesday, which was widely expected by financial markets. But it also

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G7 finance chiefs to meet July 16, will discuss Ukraine, global taxation

By Tetsushi Kajimoto

TOKYO (Reuters) -Financial leaders from the Group of Seven (G7) advanced countries will hold talks on July 16 on the sidelines of the broader G20 meeting in India, Japanese Finance Minister Shunichi Suzuki said on Friday.

The G7 groups Britain, Canada, France, Germany, Italy, Japan and the United States.

“Support for Ukraine, MDBs (multilateral development banks) reform and international taxation will be discussed at this meeting,” Suzuki added. “We have no plan to issue a statement but we will lead debates to resolve problems of the world’s faces.”

Separately, the G20 under the chair of India will

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Find Out How Long It Takes To Refinance a Car Loan

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How Long It Takes To Refinance a Car Loan?Owaki/Kulla – Getty Images

Refinancing a car loan can take anywhere from a few hours to a couple of weeks. This means that if you took a loan from the dealership because it was convenient, but it turned out to be a mistake, you can apply for a new loan as soon as you drive off the lot. The average car payment for a loan in the US is $716 for a new car and $526 for a used model.

With over 80% of buyers choosing to finance their purchases, many

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Alberta finance minister instructed to address rising auto, home insurance costs

Alberta’s finance minister must recommend ways the provincial government can make cars and home insurance more affordable, says his mandate letter from Premier Danielle Smith.

With a Dec. 31 expiry date looming on a temporary auto-insurance rate pause in Alberta, Finance Minister Nate Horner is tasked with developing short-term and long-term solutions to ever-climbing insurance costs.

Horner said he was resisting pressure to adopt a no-fault auto insurance system, adding that such a major change would need a mandate from Albertans.

“You’re basically giving up your ability to sue,” he said in a Thursday interview. “If you’re hurt in a

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Alberta Finance Minister still eyeing the pension plan and tax collection

Finance Minister Nate Horner told Postmedia his objectives are about keeping a “steady hand on the wheel”

Published July 13, 2023 • Last updated 2 days ago • 3 minute read

Nate Horner
Nate Horner, president of the treasury board and minister of finance, spoke during an announcement that the Alberta government will extend the fuel tax pause program through to Dec. 31. The announcement was made at New West Truck Centers in Calgary on June 19, 2023. Photo by Gavin Young /Postmedia

Alberta’s premier is directing her finance minister to keep plugging away at

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