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Intact Insurance turns a profit despite Fort McMurray fire losses

The largest casualty and property insurer in Canada, Intact Insurance Corporation, has declared a profit in spite of the Fort McMurray fire losses. The second–quarter profit was greater than anticipated even as the corporation faced the effects of the devastating wildfire. The fire in Northern…

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Twitter invest is SoundCloud

After two years of negotiations, SoundCloud and Twitter have finally become one. In 2014, Twitter began weighing the pros and cons of buying SoundCloud, but because of its financial situation and lack of licensing deals with record companies, Twitter quickly backed out. Since then, SoundCloud has…

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Magic Leap buys NorthBit Security

Magic Leap Inc. is a company that has produced a “head mounted virtual retinal reality” devise that projects 3D images on a wearer’s own retina. Companies across the globe, such as retail merchants with online stores are anxious to see Magic Leap’s new product. In 2015, Magic…

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Snowbirds hurting businesses in southern states

It’s been four years that the loonie has been decreasing in value before the US dollar. Things do not really seem to be getting any better and may stay that way for some time. In fact, there is a trend that points towards a greater loss. Snowbirds who have been staying for 3 to 6 months in the…

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Will India approve Apple stores?

Apple iPhones are very popular but Apple does not have a store, as incredible as this might sound. India is a fast-growing market where Apple wants to be represented by authentic retail stores. Up until now, customers in India could only buy Apple products from third-party resellers. In the last few…

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Monsanto Restricts GMO Cotton Seed to India

Monsanto Restricts GMO Cotton Seed to India

Monsanto Co. recently withdrew an application that was seeking regulatory approval for cotton seeds to be sold in India. This took place in the middle of a debate with the government on the subject of royalty fees. According to the spokesperson of Monsanto Co., Christi Dixon, the application was…

Brexit vote: Finance ministers meet to discuss impact

Brexit vote: Finance ministers meet to discuss impact

An urgent meeting with Chancellor George Osborne has been called by UK finance ministers from the three devolved governments. This came after Finance Secretaries Derek Mackay from Scotland, Mairtin O Muilleoir from Northern Ireland, and Mark Drakeford from Wales met in Cardiff. The finance ministers…

Wells Fargo fined for $70 million for mortgage malpractice

Wells Fargo fined for $70 million for mortgage malpractice

The U.S. Comptroller of the Currency fined Wells Fargo on Wednesday due to some malpractice in mortgage services. Between March 2013 and October 2014, according to the regulator, Wells Fargo made some escrow calculation errors. These errors, in some cases, led to incorrect denial modifications. The…

What you need to do before you quit your job

What you need to do before you quit your job

Quitting your job is a dream for many, especially if you’ve been unhappy there! In other cases, it may be as simple as moving on to greener pastures: a higher salary, a better position, or a company that is more compatible with your career and personality. Regardless of the scenario, ending…

How do you determine if you can buy a house?

How do you determine if you can buy a house?

Owning a home is a gigantic milestone in our lives. It’s not a decision that should be taken lightly as it is a huge financial commitment, and locks you into a specific neighborhood (renting always keeps your options open). If you think you’re ready to buy, there are a few things to keep…

What is a Mutual Fund?

What is a Mutual Fund?

There is no strict legal definition of the term “mutual fund”. Usually, the term “mutual fund” means an investment fund that is open to the public. A mutual fund is a way of investing money collectively with other investors. The main advantage of investing capital through a…

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Federal Court orders 2 Canadian banks to release Cayman bank info to CRA

Offshore tax cheating is one issue that the Trudeau government seems to have won. Two Canadian banks have been ordered to release to the federal revenue minister information on a Cayman bank in order to crack down on Canadian tax evaders. The Royal Bank of Canada and Citibank, N.A. were summoned by…

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Walmart Canada Will Stop Accepting Visa

“To ensure we are taking care of our customers’ best interests and delivering on our promise of saving customers money, we constantly work to reduce our operating costs, including credit card fees,” the Ontario based Wal-Mart Canada stated in a release. While Walmart is under…

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Panama papers are wake-up call for US treasury

Maintaining the treasury of the any country is the most important responsibility of the Government of that country. The Government of the United States of America has a wake-up call to strengthen the laws and close the loop-holes to offshore banking. The exposure of the Panama Papers has revealed…

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How are bank interest rates governed?

This might be a tough question to address since policies surrounding the governing of bank interest rates are usually controlled by the Central Bank in each country. They usually have regulations based on the country’s economic strength. In the United States, the interest rates have both…

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Advantages of transferring credit card balances

You may have just returned from a long vacation and now have an even bigger credit card debt. Transferring credit card balances has many advantages, but it is not without negative implications as well. Here are a few ways that transferring credit card balances is a good idea. When you transfer the…

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The White House is taking initiative to offer solar energy to Low income people

Good News for the middle and low income people of the United States. The Obama administration has declared a great surprise for the low income people that they will gain access to the solar energy. As per the administrative officials the POTUS has taken the initiative to tackle the climatic changes.…

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