Category: Finance

The Bank of Canada raises interest rates as it tries to get ahead of the hot economy

OTTAWA — After watching to see whether its aggressive rate hike path were enough to quash inflation, the central bank has opted to raise interest rates again — fueling speculation that another rate hike is in the cards for July.

The central bank announced a quarter of a percentage point rate hike on Wednesday. The rate increase brings its key interest rate to 4.75 per cent, the highest it’s been since 2001.

The decision to raise interest rates came after speculation among economists and forecasters that ongoing strength in the Canadian economy would push the central bank to hike rates

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The Future Of Personal Finance: Fintech 50 2023

From lenders targeting lower-income customers to a hotel reservation app that has branched into credit cards, eight personal finance companies made this year’s Fintech 50.

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consumer-facing startups have been among the hardest hits as the fintech industry has gone through the upheavals of shrinking market values ​​and desperate moves, including deep layoffs, designed to preserve capital. Still, some have proven resilient and have continued to innovate–and to fulfill fintech’s promise of bringing financial services to

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France plans to close AirBnB’s tax loophole benefiting

PARIS (Reuters) – France’s finance ministry is working on plans to close a tax loophole benefiting short-term furnished rentals such as AirBnB, Finance Minister Bruno Le Maire said on Friday.

Many big French cities are facing housing shortages and renting flats to tourists on platforms such as AirBnB which is often blamed for reducing the supply of housing.

A trio of cross-party lawmakers last month called for regulatory rules such as rentals to be tightened and for an end to the more favorable tax treatment such as rentals receive vis a vis normal long-term rentals.

“I have a hard time

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How to uncover and address your teen’s money fears

Rumor has it that teenagers only worry about their phones and their friends. But what if they worry about money, too?

Research from the 2022 Junior Achievement Teens & Personal Finance Survey found that over 54% of teens feel unprepared for their financial futures. One way parents could help their kids feel more prepared is by addressing their money fears.

UNCOVER YOUR TEEN’S MONEY FEARS

There are several ways to learn about your teen’s money fears, but a good place to start is by looking at yours.

“(Parents) have to look at their own issues because what you bring to

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Financials Lead US Stock Gains; Bonds Slide: Markets Wrap

(Bloomberg) — US stocks gained Tuesday as a rotation into financial shares bolstered hopes the breadth of the S&P 500’s recent rally might extend beyond technology soon.

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The benchmark index rose 0.2% as a decline in Apple Inc.’s stock took the air out of a tech rally, but shares of beaten-down regional banks were higher. The KBW Regional Bank index added 5.4% while the Russell 2000 gained 2.7%.

“It’s too early to say if this is bottom-fishing or a real bet that the most economically sensitive stocks — many of which are unprofitable — are the

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Do You Absolutely Hate Broccoli?

June 7, 2023 · 8:50 AM

If so, it may well be because of your genes according to an article at SBS.com. Particular genes determine whether you can detect a bitter chemical (called PTC) in broccoli and other brassicas like cauliflower and brussels sprouts.

“Free broccoli and carrots in frying”/ CC0 1.0

“On average, about 70% of us can taste something bitter in broccoli or PTC, but those with two copies of the bitter sensitivity gene are closer to 20%, and they are much more likely to hate it.”

US President George HW Bush said in March 1990, “I do

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Bonside launches with $4.35M to provide growth capital to brick-and-mortar businesses

Online shopping is typically where much of the commerce financing has focused on over the past three years. However, during this time, some retailers that started in e-commerce are diversifying and going the brick-and-mortar route. That’s probably because 54% of consumers still prefer to go into a physical store.

Like other businesses, they need money for a shop, but finding financing isn’t easy. Banks have been slow to offer better growth capital options, while some startups — such as Onramp Funds — focus on e-commerce. And venture capital isn’t for every business.

Enter Bonside, a financing platform designed for brick-and-mortar

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Helium Health gets $30M, backed by AXA IM Alts and 23andMe’s Anne Wojcicki

Helium Health, the African startup that provides software-as-a-service tools, financing, and insights for healthcare providers and public health organizations, has raised $30 million in Series B funding.

The news is coming three years after the Lagos-headquartered healthtech secured a $10 million Series A and 18 months following a rare Africa-GCC deal involving UAE-based healthcare provider-patient interaction platform Meddy.

Co-founder and CEO Adegoke Olubusi, in an interview with TechCrunch, provided an update on the acquisition. HeliumDoc, the product merging Meddy’s telemedicine capabilities and Helium Health’s revenue cycle management service, is being used in Nigeria with East African expansion in sight. Meanwhile,

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