A cross-party group of federal lawmakers is backing a call for climate-focused rules on how Canada’s banks, insurers and pension funds invest their money. “We have to do more,” said Ryan Turnbull, the Liberal MP leading a new push to bring the financial system in line with the commitment Canada has made to reduce its…
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Lument Finance Trust Announces Quarter-End Earnings Release and Investor Call Dates
Published: may. 9, 2023 at 5:00 PM EDT|Updated: 29 minutes ago NEW YORK, May 9, 2023 /PRNewswire/ — Lument Finance Trust, Inc. (NYSE: LFT) (“we”, “LFT” or “the Company”) announced today that it expects to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 with the Securities and Exchange Commission…
Have your say: Are you jumping into the housing market?
This copy is for your personal non-commercial use only. To order presentation-ready copies of Toronto Star content for distribution to colleagues, clients or customers, or inquire about permissions/licensing, please go to: www.TorontoStarReprints.com Read the full story here: What’s the maximum number of years I can lock into a fixed-rate mortgage in Canada? For more Star…
What to avoid in a divorce to prevent financial harm
The tone of divorce proceedings runs the gamut from cordial to downright cruel. But while feelings of anger are common, attempts to inflict financial harm on a spouse will backfire – and can prove very costly for those who try, lawyers say. “People will sometimes fail to disclose assets, they’ll try to hide them and…
Climate Finance Groups Are Misunderstood, BMO Says
(Bloomberg) — Climate finance groups that press companies to decarbonize are wrongly confused as being regulators that set rules for businesses to reach net zero emissions, according to Dan Barclay, chief executive officer of BMO Capital Markets. Most Read from Bloomberg Entities such as the Glasgow Financial Alliance for Net Zero don’t set rules and…
Mortgage fees are changing for homebuyers next month. Here’s what you should know.
If you’re looking to buy a home, be aware that mortgages will change next month. Starting May 1, upfront fees for loans backed by Fannie Mae and Freddie Mac will be adjusted because of changes in the Loan Level Price Adjustments (LLPAs), the fees that vary from borrower to borrower based on their credit scores,…
Colorado school finance bill boosts K-12 spending to $9 billion
Colorado’s school finance act would boost K-12 funding next year to more than $9 billion — $150 million more than described in the recently finalized 2023-24 budget and a 7.5% increase from this year. “The change to school finance is historic,” said Joint Budget Committee Chair Rachel Zenzinger. Average per-pupil spending is proposed to reach…
IMF calls risks from bank crisis ‘contained,’ urges central banks to focus on inflation
The IMF says banking issues appear contained for now and that inflation is the bigger risk and top concern for central bankers and attendees of the IMF/World Bank spring meeting this week in Washington. “Financial stability risks have been contained so far and hopefully that will remain the case,” Tobias Adrian, director of the monetary…