Category: Finance

Toronto’s next major will inherit a difficult financial situation

Elections are typically a time when candidates make big promises about how they intend to fix the city.

These promises range from big to small, but usually have one thing in common: there’s a cost to them.

Figuring out inventive ways to pay for election promises is not a new art, but the costing of promises has taken on new significance in this election given that Toronto is facing unprecedented financial difficulties.

Looming over the race to pick the city’s next mayor is a problem lying in wait for whoever wins: Toronto has a deficit to the tune of $1.5

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MUFG, partners launch $1.5 billion climate finance platform

  • GAIA to help scale up finance to developing countries
  • FinDev Canada among public, private, philanthropic backers
  • Expects to impact nearly 20 mln people across 25 countries

PARIS, June 22 (Reuters) – Mitsubishi UFJ Financial Group (8306.T) and partners including Canada’s development finance body have launched a $1.5 billion platform to help drive climate-focused investment into developing and emerging countries.

The new venture, dubbed GAIA and announced at the Summit for a New Global Financial Pact in Paris on Thursday, aims to blend private sector investment with concessional capital from public and philanthropic groups.

Alongside FinDev Canada, the platform is backed

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Amazon may be the largest US retailer in 2024, according to JP Morgan analysts

Amazon (AMZN) is set to hit a major milestone in 2024: Becoming the largest retailer in the US, according to JP Morgan analysts Doug Anmuth and Bryan M. Smilek.

If this comes to pass, Amazon will be unseating Walmart (WMT) as the country’s largest retailer. It would be a seismic shift, one driven by increased e-commerce penetration, faster delivery times, and the stickiness of Amazon Prime. JP Morgan estimates show that, in 2023, Amazon’s gross merchandise volume, or GMV, will grow 11.6% year-over-over to $477 billion.

This kind of growth shows the sort of resilience that Wall Street has been

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Can Evelyn, 62, and Ezra, 70, afford to both travel and financially assist their son?

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Evelyn and Ezra want to ensure they have enough money to cover their living expenses plus a travel fund for the next 15 years.JENNIFER GAUTHIER/The Globe and Mail

Ezra and Evelyn are well-set financially, with a substantial portfolio, a big travel budget and a son they’d like to help financially now rather than after they’ve gone. How much can they give him without jeopardizing their retirement plans?

They’ve both retired from their full-time jobs and are doing some part-time contract work, Evelyn earning about $15,000 a year and Ezra $22,000. Evelyn is the age

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How can you tell if a lab diamond is real? 

Lab made diamonds uk are real diamonds, they are just created in a laboratory rather than being mined from the earth. So if you have a lab-grown diamond, it is real, but if you are trying to determine whether a diamond is lab-grown or mined, there are a few things you can look for: 

  1. Certification: A reputable lab-grown diamond supplier will provide certification from an independent diamond grading organisation, such as the Gemological Institute of America (GIA) or the International Gemological Institute (IGI). The certification will indicate whether the diamond is natural or lab-grown. 
  2. Price: Lab-grown diamonds are typically less
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Supreme Court Student Loan Ruling May Raise US Recession Risk

The upcoming Supreme Court ruling on the constitutionality of President Biden’s student loan forgiveness may be an unprecedented in its near-immediate impact on consumer finance. If the conservative court strikes down the $400-billion giveaway, the US economy could face a close brush with recession.




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The stakes for the ruling in Biden v. Nebraska, which could come as early as Friday, is heightened by the fast-approaching end to the moratorium on federal student loan payments that’s been in place since April 2020.

Student Loan Payments To Cut Consumer Spending

Deutsche Bank estimates that a resumption of student loan payments will

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European clubs need firm foundations to stay ahead of rivals: football finance expert

London (AFP) – Europe’s top football leagues have emerged strongly from the coronavirus pandemic but must get their financial house in order to stay ahead of rivals, an expert has warned.

Issued on:

Deloitte’s annual review of football finance showed revenues in the “big five” European leagues grew by 10 percent to 17.2 billion euros ($18.6 billion) in the 2021/22 season, outperforming the pre-pandemic benchmark of 17 billion euros in 2018/19.

Wage costs across those leagues — the Premier League, Bundesliga, La Liga, Serie A and Ligue 1 — rose by 15 percent from 2018/19 to 12.3

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Finance minister Chrystia Freeland: Stellantis deal ‘is coming’

The federal government, which has been renegotiating its support for the NextStar Stellantis-LGES electric vehicle battery plant in Windsor, is confident that the investment is good for the country and that a deal is coming, according to Finance Minister Chrystia Freeland.

“We’re very confident in the value of the Stellantis investment, which is coming,” Freeland told reporters in Ottawa on Wednesday, without elaborating further.

Stellantis last month stopped construction at the $5 billion plant, which is being built in partnership with South Korea’s LG Energy Solution (LGES), saying Canada had not fulfilled promises.

The battery plant investment, which included contributions

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