Finance

Alberta Finance Minister still eyeing the pension plan and tax collection

Finance Minister Nate Horner told Postmedia his objectives are about keeping a “steady hand on the wheel”

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Alberta’s premier is directing her finance minister to keep plugging away at

Finance

‘The Bear’ Season 2: Six Pressing Financial Questions

The Bears is not a show about crime, per se—it’s just one in which there happens to be a lot of it. A partial list of malfeasance in 2022’s debut season includes aggravated assault, a stabbing, drugging an entire birthday party’s worth of children with Xanax, selling cocaine, Explicitly directing an employee to keep selling cocaine, driving with a suspended license, failing to pay spousal support, and something loosely described as “gangster shit” perpetrated by characters named Crooked John and Mr. Carl. Also, a variety of shenanigans involving a handgun.

Then there are the financial misdeeds. As in its first

Finance

Layer-2 DeFi Project Rodeo Finance Hacked for 472 Ethereum

Arbitrum-based Rodeo Finance has lost $888,000 in a recent attack.

A “Force Investment” hack was deployed, allowing the attacker to steal 472 Ethereum ($888,000). The wallet later sent 150 ETH into the Tornado Cash mixer, leaving 371 ETH remaining in the wallet.

The exploiter originally funded 50 ETH from Tornado Cash to execute the hack.

Arbitrum is a popular layer-2 scaling solution for the Ethereum network that uses optimistic roll-up technology.

Blockchain security firm PeckShield first highlighted the attack on Twitter with a link to the attack transaction commenting, “Hi, @Rodeo_Finance you may want to take a look.”

The attacker

Finance

Financial gifts: Everything you need to know before helping your loved ones financially

4 min read

Financial gifts: Everything you need to know before helping your loved ones financially

From taxes to family tension around the inheritance, does your plan cover everything?


Approaching retirement is undoubtedly an exciting time for many, as their decades-long journey of diligent savings and hard work is rewarded with new and exciting pursuits. However, over the past few years, the feeling of excitement has been dampened by economic uncertainty around interest rates, inflation and housing markets. This is especially true for those who are balancing the desire to help their children get ahead financially, while also ensuring they have their

Finance

As housing costs soar, some financial analysts advise scrapping the 30% rule

If you have ever applied for social housing or a mortgage, or even tried to figure out your budget, you probably have come across this figure: 30 per cent.

That’s the often-touted maximum percentage of your income that you should spend on a home. But in an age where the average one-bedroom apartment in Vancouver rents for $2,787 a month (new window)is that number still realistic?

It depends on who you’re asking. But generally, the answer is: sort of.

The benchmark doesn’t apply anymore, said Credit Canada CEO Bruce Sellery by email.

Housing costs have increased dramatically, everywhere. And

Finance

Western Canada: Alberta’s new finance minister will need all the help he can get

Good morning, Mark Iype in Edmonton today.

It has been a busy week in Alberta politics as we head toward Canada Day. There was talk of political interference in the murky hiring and un-hiring of former provincial chief medical officer of health Deena Hinshaw at the start of the week and rustling from the right flank of the United Conservative Party by Take Back Alberta and its leader Dave Parker at mid-week. By Thursday, all eyes turned to the province’s newest Finance Minister, Nate Horner.

Exactly one month after the UCP led by Premier Danielle Smith won a second consecutive

Finance

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

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

Finance

The unique financial habits of self-made millionaires

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