Tag: finance articles today

Finance

BC financial advisor accused of fraud, took $330K from seniors | iNFOnews

  • By Ida
  • 25/07/2023

Alvinder Singh Gill.

Image Credit: FACEBOOK: Alvinder Gill Sun Life Financial Advisor


July 22, 2023 – 6:00 PM






A BC financial advisor accused of fraud for taking $330,000 from a senior couple is still not facing criminal charges two and a half years after the regulator reported him to the police.

Former Abbotsford Sun Life financial planner Alvinder Singh Gill stands accused of setting up a company and then using fake documents as he took $329,625 from a retired couple over a nine-year period.

In 2020, when the couple

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Finance

The Bank of Canada’s latest rate hike is bad news for renters and some landlords

  • By Ida
  • 19/07/2023

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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Finance

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

  • By Ida
  • 18/07/2023

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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Finance

Comment: To unleash private sector climate finance for the Global South, we need a solid plan

  • By Ida
  • 05/07/2023

July 5 – Agreement on the need to massively increase private sector finance to developing and middle-income countries to allow them to transition to clean energy was a clear outcome of the recent Summit for a new Global Financial Pact in Paris. Turning this theory into practice is complicated, yet it is totally doable if all actors in the worlds of policy and finance accept this new reality and stop pretending business-as-usual is an option.

Despite French President Emmanuel Macron’s enthusiasm and energy throughout the event and the attendance of some big names from the Global North, notably US Treasury

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Finance

The unique financial habits of self-made millionaires

  • By Ida
  • 04/07/2023
4 min read

Self-made millionaires have unique financial habits that get them ahead, adopting them well before hitting that seven-figure milestone. Here are a handful of you can start applying to your life today, regardless of what’s in your bank account now.

Millionaires make lists

According to the Motley Fool, 85 per cent of millionaires are list-makers. Before hitting the grocery store (or any store, for that matter), they make lists, allowing them to avoid unnecessary spending. I love list-making, a key benefit of being a more strategic shop, which helps you save. Another bonus: lists are amazing for sticking to a healthy

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Finance

Why I Don’t Eat Mushrooms

  • By Ida
  • 29/06/2023

Mushrooms are commonly eaten among vegans and non-vegans alike, but many feel that mushrooms are not suitable for food. Below are a few of the reasons that I personally choose not to eat mushrooms.

(Note: Before anyone starts jumping on their keyboards to chastise me for posting this article, please note that these are my personal reasons for not eating mushrooms. I am not telling you that you cannot eat mushrooms. You are entitled to your personal preferences just as I am entitled to mine.

If you are offended by my personal decision concerning what I eat, then . .

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Finance

Toronto’s next major will inherit a difficult financial situation

  • By Ida
  • 27/06/2023

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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Finance

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

  • By Ida
  • 25/06/2023
Open this photo in gallery:

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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