Business News

Renewing a mortgage this year? Here’s what the latest rate hike means for you

7 min read

Like many homeowners, Ian Marsden has been following what the Bank of Canada has been up to lately quite closely. He bought a house in Calgary in 2018 on a five-year, fixed rate loan, at about three per cent.

He went with a 25-year term, and because he chose an accelerated biweekly payment plan, each one of his $750 payments had him well on his way toward paying it down well ahead of schedule.

By the time his loan was up for renewal this year, he was on track to pay it off in as little as 15 more years,

Business News

Alberta filed 1st ever charges against a carbon offset firm. Here’s why they may not be the last

7 min read

For the first time ever, a Canadian province has charged a business for providing false information related to carbon offsets, a spokesperson for Alberta’s Environment Ministry said, underscoring the sometimes murky activities of companies in a complicated, rapidly growing industry worth hundreds of millions of dollars annually.

Carbon offsets are bought and sold under a trading system with governments putting a price on carbon dioxide emissions to compel companies to fight climate change.

Since 2007, Alberta has run a mandatory carbon offset system for large emitters, such as oil and gas companies, landfills and food processing firms. If they produce

Business News

Job creation numbers are deceptive

7 min read

MUNCIE, Ind. — Business news is filled with new job creation numbers. Every new business with more than a few employees will get coverage in local papers, and larger firms will make statewide news. Typically, reporters will write about the industry growth patterns, why the firm says it chose its new location and often a quote from a local elected leader or economic development official. If it is a really big announcement or an unusual industry, the thoughts of an economist might even make the news.

Michael Hicks

Michael Hicks

These are important and popular news stories. It is natural that we

Business News

Aretha Franklin’s Wills Dispute – Rickard & Associates

3 min read

If you have been following the news, you may have seen that there is a dispute regarding Aretha Franklin’s estate plan. Her sons are in court fighting over her estate and multiple wills.

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Aretha Franklin died in 2018, and because she did not have a trust, she wills went through probate court where they are being disputed by her sons.

A Will from 2014 and two Wills from 2010 were

Business News

Ace Global Business Acquisition Limited Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination

2 min read

Published: Jul. 14, 2023 at 9:00 AM EDT|Updated: 2 hours ago

NEW YORK, July 14, 2023 /PRNewswire/ — Ace Global Business Acquisition Limited (NASDAQ: ACBA), a special purpose acquisition company (the “Company”), announced today that Ace Global Investment Limited, the Company’s initial public offering sponsor (the “Sponsor”), has deposited into the Company’s trust account (the “Trust Account”) an aggregate of $116,777.35 represented, approximately $0.05 per ordinary share, in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from August 9, 2023 to

Business News

‘That happened on Donald Trump’s watch’

2 min read
AP403664127202

Chris ChristieAP/Matt Rourke

  • Former New Jersey governor and current GOP presidential candidate appeared on “Fox News Tonight” on Tuesday.

  • On it, he blamed former President Donald Trump for North Korea’s weaponry advancements.

  • “That happened on Donald Trump’s watch,” he said.

GOP presidential candidate Chris Christie blamed former President Donald Trump for North Korean weapon advancements in a televised interview.

Christie, the former governor of New Jersey, pushed back against “Fox News Tonight” guest host Piers Morgan, who suggested that adversarial leaders such as North Korea’s Kim Jong Un and Russia’s Vladimir Putin were dissuaded from improving their missile technology

Business News

Right-wing users join Mark Zuckerberg’s ‘friendly’ Threads within 24 hours of launch

2 min read
Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, US, October 23, 2019, wearing a suit and looking serious with facebook logo in background.

Mark Zuckerberg.Erin Scott/Reuters

  • Right-wing users are testing the boundaries of Mark Zuckerberg’s Threads.

  • Several right-wing users have signed up to the platform, with some posting antagonistic content.

  • Zuckerberg has tried to position Threads as a friendly alternative to Elon Musk’s Twitter.

Right-wing users are testing the boundaries of Mark Zuckerberg’s “friendly” Twitter alternative, Threads.

According to a news post from Media Matters, far-right figures including white nationalist Richard Spencer and white supremacist Nick Fuentes joined the app within the first 24 hours of its launch. Richard Spencer’s account has since gone.

Fuentes said in a livestream on July 6

Business News

Canadian economy steady in April as real GDP remains unchanged – Business News

1 min read

Economy holds steady

The Canadian Press – | Stories: 434570

Statistics Canada says the Canadian economy remained essentially unchanged in April, following a slight uptick in March.

The federal agency’s advance estimate suggests real gross domestic product grew 0.4 per cent in May, led by the manufacturing and wholesale trade sectors.

The April figure came in lower than expected by Statistics Canada as services-producing industries were unchanged while goods-producing industries edged up 0.1 per cent.

The Canadian economy is largely expected to stall in the latter half of this year