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Bank of Canada holds crucial rate of interest nevertheless cuts development projections

Just as the global outlook brightens, Canadian households have gone wobbly, forcing the Bank of Canada to reassess its outlook, though not enough to change its benchmark interest rate.Consumer spending slowed during the second half of 2019 and the trade wars haven’t calmed enough to offset the loss of Canada’s primary economic engine. The result…

BMO buying algorithmic buying and selling firm Clearpool

BMO Financial Group on Wednesday announced the acquisition of fintech electronic trading company Clearpool Group Inc. for an undisclosed amount.Clearpool Group Inc. is an independent, agency-only broker-dealer and provides its clients with holistic electronic trading solutions. The New York-based company started out in 2014 and uses an algorithmic management system (AMS) with customizable strategies, visual…

3 Canadian cities rank among world’s 10 most family-friendly cities– however Toronto and Vancouver didn’t make it

Three Canadian cities were ranked among the 10 most family-friendly places in the world out of 150 metropolises, according to a recent study Best Cities for Families 2020 conducted by Movinga, a German relocation service.Quebec City emerged as the world’s second most family-friendly city after the Finnish capital of Helsinki. Calgary was ranked eighth and…

Scotiabank CEO sees ‘substantial’ potential customers for scaled-back bank to grow once again

Highlighting a “considerably more focused” bank pared back by exits from more than 20 countries, Bank of Nova Scotia Chief Executive Officer Brian Porter said he has positioned the bank to expand once more.“We are operating from a position of strength and we have significant opportunities for growth,” Porter said during his opening remarks at…

AER lays off great deals of senior workers as board and Alberta federal government examination embattled regulator

CALGARY – The Alberta Energy Regulator is laying off dozens of senior staff this week and there are more changes on the way, according to the provincial government.The regulator, which oversees oil, gas and power projects in Alberta, is undergoing two separate top-to-bottom reviews by both its interim board and the provincial government.The AER has…

‘They’re not disappearing over night’: RBC CEO states nonrenewable fuel sources are needed in shift to green economy

Royal Bank of Canada Chief Executive Officer David McKay said any shift to a more climate-friendly economy still depends on fossil fuels.“We have a longer-term transition as we change the energy source, we move to a greener economy, but it is a transition,” McKay said Thursday during a Bloomberg Television interview at the World Economic…

Greta Thunberg must get an economics degree prior to she lectures leaders on environment modification, Steven Mnuchin states

DAVOS — Just as the spat between U.S. President Donald Trump and Greta Thunberg seemed to be subsiding, U.S. Treasury Secretary Steven Mnuchin took a new dig at the climate activist on Thursday.Asked about Thunberg’s call to divest from fossil fuels, Mnuchin told a news briefing: “Is she the chief economist? I’m confused … After…

These unreasonable tax policies are putting a problem on seniors and women and require to be changed now

Here’s a scenario I’ve seen several times in my career as a wealth manager. A retired couple that receives two full CPP payments and two full Old Age Security (OAS) payments is able to fully split their income for tax purposes. Then one spouse dies. The survivor only receives one CPP payment, no OAS, and…

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Shaquille O’Neal’s Son Shareef Reveals That Kobe Bryant Sent Him A Message Hours Before His Tragic Death

Just a couple of hours prior to Kobe Bryant died this Sunday, the NBA legend sent out...

What we comprehend up previously about coronavirus

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How Kobe Bryant ended up being an all-time fantastic

Kobe Bryant, who passed away in a helicopter crash Sunday in California at age 41, will be...

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Saudi Arabia, UAE knocked ‘Houthi’ missile attack in Yemen’s Marib

A soldier walks at the site of an alleged Houthi missile attack on a military camp's mosque in Marib, Yemen [Ali Owidha/Reuters] Saudi Arabia and the United Arab Emirates, key players in a military coalition battling the Houthi rebels in war-torn Yemen, have condemned a missile attack that killed more than 100 Yemeni soldiers. Saturday's…

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Put the spring back in the Arab Spring

Another year, another decade, another round of bad news in the Middle East. Last week's headlines featured: death in Egyptian prisons, clashes in Sudan, worsening humanitarian crises in Yemen and Syria, illegal Israeli settlement expansion in Palestine, political paralysis in Tunisia, failure of Libyan ceasefire talks, all in addition to the American-Iranian showdown in Iraq…