Tag: finance car

Canadian home sales continue to pick up steam in May

OTTAWA, ON, June 15, 2023 /CNW/ – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up again on a month-over-month basis in May 2023.

Monthly home sales (CNW Group/Canadian Real Estate Association)

Monthly home sales (CNW Group/Canadian Real Estate Association)

Highlights:

  • National home sales rose 5.1% month-over-month in May.

  • Actual (not seasonally adjusted) monthly activity came in 1.4% above May 2022.

  • The number of newly listed properties rose 6.8% month-over-month but is still historically low.

  • The MLS® Home Price Index (HPI) rose 2.1% month-over-month but was still down 8.6% year-over-year.

  • The actual (not seasonally adjusted) national average sale

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Coho Collective Kitchens Inc. Announces Offering of Units for Gross Proceeds of up to $6,000,000

Vancouver, British Columbia–(Newsfile Corp. – June 15, 2023) – Coho Collective Kitchens Inc. (TSXV: COHO) (“Coho“or the”Company“), a commercial real estate and food technology company that provides private and shared kitchen and food production space to a variety of businesses, is excited to announce a brokered private placement of up to 27,272,727 units of the Company (the “Units“) at a price of $0.22 per Unit (the “Issue Price“), for aggregate gross proceeds of up to $6,000,000 (the “Offers“).

Each Unit will be composed of one (1) common share in the

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Saudi Arabia Embedded Finance Business and Investment Opportunities Databook 2023: A Detailed Data Centric Analysis of Market Opportunities Across 50+ Segments

DUBLIN, June 16, 2023 /PRNewswire/ — The “Saudi Arabia Embedded Finance Business and Investment Opportunities Databook – 50+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments – Q1 2023 Update” report has been added to ResearchAndMarkets.com’s offers.

Embedded Finance industry in the Saudi Arabia is expected to grow by 38.7% on an annual basis to reach US$4,053.1 million in 2023.

The embedded finance industry is expected to grow steadily over the forecast period, recording a CAGR of 27.2% during 2023-2029. The embedded finance revenues in the country will increase from US$4,053.1 million in 2023 to achieve US$12,372.5 million

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Is there a financial ‘advice gap’ for non-wealthy Canadians?

Industry players and lobbyists in the financial services sector are warning of an impending “advice gap” that would be created if a ban on certain embedded commissions for mutual funds was extended to segregated funds.

These particular commissions are more commonly known as deferred sales charges, or DSCs, and they allow for financial salespeople to earn upfront payments that are not directly deducted from investors’ contributions. Rather, they are funded by higher continuing fund management expenses that many investors are not aware of.

Such extra expenses reduce investment returns, all other things being equal, and have been shown to incentivize

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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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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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SVB’s biggest debtor in Canada is Michele Romanow’s tech finance firm

The bankruptcy liquidator in charge of Silicon Valley Bank’s Canadian unit is set to receive offers for its loan book on May 29, and the biggest asset is a loan to e-commerce lender Clear Finance Technology Corp., according to people with knowledge of the matter .

Toronto-based Clear Finance, which operates under the name Clearco, is an alternative lender that offers cash advances to e-commerce and software startups. It’s struggling amid the tech sector downturn after its cost of capital soared. The company has done extensive staff cuts and excited markets outside North America.

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5 ways to simplify and reduce your money clutter

Professional organizers might define household clutter as a pile of unmade decisions. Money clutter is much the same.

Those credit cards you no longer use but haven’t closed? That’s money clutter. So is the retirement account you left behind three jobs ago and the financial paperwork you keep but no longer need. Money clutter can also include broken systems that should be broken, such as a bill payment routine that leads to overdrafts or late fees.

You can simplify your financial life by dealing with those long-delayed decisions now and streamlining how you manage your money going forward. Here are

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