Category Archives: Finance

Benjamin Tal Economic Buzz – Financial News Update

Everything is falling into place with one exception So far so good. Overall activity in the global economy continues to move in the right direction and global stock markets continue to react positively. US Financial and Mortgage Outlook In the US, growth-related data continue to be relatively strong. Housing activity continues to surge, led by […]

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How Property Taxes Work on New Condos in Toronto

Toronto has one of the hottest condominium markets in the world, with a seemingly endless number of condo developments being built in this city of over 2.6 million people. Condos are an appealing option for many people, from young professionals to those in retirement who choose to downsize. This maintenance free lifestyle is a great […]

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Personal Finance for the Newcomer to Canada – The Entire Walkthrough

Are you new to Canada? Is all the new personal finance differences in Canada hard to wrap your head around? Well I’ve been there before and have spent a lot of time digging through different resources and experiencing up front how easy (or hard) it can be to set up a personal finance plan here […]

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What the Stock Market Is Telling Us – Market Indicators

By Michael Lombardi Profit Confidential Writer All eyes are following the world central bank activity as the investors speculate on where to put their money in the stock market. The month of August 2012 stared at a dismal jobs report; with the Labor Department reporting an addition of only 96,000 jobs, as against the predicted […]

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ING to sell ING Direct Canada to Scotiabank

Amsterdam, 29 August 2012 Total consideration of CAD 3.1 billion (EUR 2.5 billion) in cash Expected transaction gain of approximately EUR 1.1 billion after tax at closing Transaction expected to result in capital release of EUR 1.4 billion at closing Positive impact on ING Bank’s core Tier 1 ratio of approximately 47 bps ING announced […]

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