What Is Savings Account - Latest News
WestJet adds 11 new international destinations (National Post)
July 8, 2009Calgary-based WestJet Airlines announced Wednesday what it described as the largest single-season expansion in the company’s history with the addition of eight new international destinations and three new U.S. destinations for the winter of 2009-2010.
Quebec will fight Ottawa’s sole regulator plan (National Post)
July 8, 2009The Quebec government announced Wednesday it will fight Ottawa’s move to create a national securities regulator in court.
Toronto wealth manager pays $1.97M for lunch with Buffett (National Post)
July 8, 2009A Canadian wealth management firm has won last month’s charity auction of a steak lunch with Warren Buffett, in which it agreed to pay $1.97-million to dine with the world’s second-richest person.
WestJet adds 11 new international and U.S. destinations (National Post)
July 8, 2009Calgary-based WestJet Airlines announced Wednesday what it described as the largest single-season expansion in the company’s history with the addition of eight new international destinations and three new U.S. destinations for the winter of 2009-2010.
Manulife to keep building capital: CEO (National Post)
July 8, 2009Donald Guloien, the chief executive of Manulife Financial Corp, said on Wednesday that Canada’s top life insurer will continue to focus on building capital, staying ahead of the curve of anticipated regulators’ demands
Whole lotta love seen for Canadian economy (National Post)
July 8, 2009The IMF raised its forecast for Canadian economic growth in 2010 to 1.6% from the 1.2% it had predicted in April. It also said Canada's economy will contract less than previously expected in 2009
Obama not discussing 2nd stimulus plan: White House official (National Post)
July 8, 2009President Barack Obama’s administration is not discussing a second stimulus plan, a White House budget official told the U.S. Congress Wednesday.
G8 leaders to limit temperature rise: report (National Post)
July 8, 2009The Group of Eight major economies have agreed that a rise in global temperatures should not exceed 2 degrees Celsius (3.6 Fahrenheit), a European source said on Wednesday following G8 climate talks
Down and up session continues for TSX (National Post)
July 8, 2009Toronto’s main stock index was down 1% on Wednesday morning as lower commodity prices shook the resource heavy index and offset an International Monetary Fund report that said the global economy was starting to pull out of recession.
IMF paints a better picture of Canada's economy (National Post)
July 8, 2009The IMF raised its forecast for Canadian economic growth in 2010 to 1.6% from the 1.2% it had predicted in April. It also said Canada's economy will contract less than previously expected in 2009
Fame & Fortune: Astrologer Russell Grant (Daily Telegraph)
July 8, 2009TV astrologer Russell Grant is remembered for the multicolour sweaters he wore in the 1980s.
Harper says too soon to talk about new stimulus (National Post)
July 8, 2009Prime Minister Stephen Harper said it’s too soon to talk about new economic stimulus plans at a summit of the G8 in Italy, and leaders should focus on making sure that banks are functioning properly.
IMF predicts stronger rebound in 2010 (National Post)
July 8, 2009The International Monetary Fund said the global economic rebound next year will be stronger than it forecast in April as the financial system stabilizes and the pace of contraction slows.
Toronto stocks limp on weak commodities (National Post)
July 8, 2009Toronto's main stock index continued its losing streak Wednesday morning as economic fears continued to weigh on the price of commodities.
China holds Rio exec as spy; iron ore deal doubt (National Post)
July 8, 2009Chinese authorities are detaining Rio Tinto Ltd’s top iron ore negotiator on suspicion of espionage and stealing state secrets, Australia said on Wednesday, threatening to strain already fraying ties
The health care overhauls Congress is considering (The Mercury)
July 8, 2009A look at health care legislation taking shape in the Democratic-controlled House and Senate as President Barack Obama pushes to overhaul the system, cover nearly 50 million uninsured Americans and reduce costs. Many of the details are still being negotiated and any final health care bill would have to meld proposals from the House and Senate.
Two Rivers agrees to sign agreement with DNR (Manitowoc Herald Times Reporter)
July 8, 2009TWO RIVERS The city will sign a compliance agreement with the Wisconsin Department of Natural Resources regarding lead in the citys water.
Danske Bank: economy ‘improving’ (The Copenhagen Post)
July 8, 2009If you hadn’t noticed it yet, the economy is doing better. The latest financial forecast from Danske Bank, the country’s largest financial institution, said the recession ended sometime in the second quarter and that we can expect the economy to grow by 0.8 percent this year.
Monsoon rains upon Steam Pump (Explorer News)
July 8, 2009The monsoon has arrived, that remarkable season of shifted winds, wetter air and powerful thunderstorms that bring precious moisture to the desert. For another season, the decades piling one on another, hard rain is pounding Steam Pump Ranch.
Businesses concoct strategy against a Consumer Financial Protection Agency (Los Angeles Times)
July 8, 2009Groups including bankers and car dealers combine lobbying firepower to defeat the proposal, fearing the Obama administration could intervene in their activities in overbearing and unproductive ways. Business and trade-group lobbyists are beating a path to Capitol Hill this week for the first major battle over the Obama administration's efforts to overhaul the financial regulatory system.
North American consumer finances feel the strain (National Post)
July 7, 2009U.S. consumer loan and credit-card delinquencies -- accounts that have fallen more than 30 days behind on repayments -- hit a fresh record in the first quarter of this year, while stressed finances in Canada caused consumer bankruptcies to continue to trend higher in May
Canada's biotech firms burning through their remaining cash (National Post)
July 7, 2009Canada’s biotechnology companies are burning through their remaining investment capital, firing highly skilled workers and suspending promising research due to the lack of funding, industry experts say.
Make Money Without Breaking a Sweat (The Motley Fool)
July 7, 2009A surprising spot for your hard-earned dollars.
Is Your Cash Really Safe? (The Motley Fool)
July 7, 2009Don't take your eye off your money market mutual fund.
Auto parts maker Lear files for Chapter 11 (National Post)
July 7, 2009U.S. auto parts maker Lear Corp filed for Chapter 11 bankruptcy protection on Tuesday, a day after setting out plans to restructure its US$3.6-billion debt burden under a proposed deal with creditors.
Dollar rises as risk appetite improves (National Post)
July 7, 2009The Canadian dollar was a touch higher versus the U.S. currency on Tuesday morning, helped by a better appetite for risk as global equities rebounded after a meaty selloff in the prior session.
'Consumer-Directed' Plans Rise In Popularity As Businesses Scramble To Cut Health Costs (Medical News Today)
July 7, 2009High-deductible health insurance plans coupled with health savings accounts (tax-advantaged funds for covering medical costs), are becoming the plan of choice for Connecticut's small businesses newly offering insurance to employees, Hartford Business reports. The plans, called "consumer-directed health plans," make up 60 percent of the insurance company Aetna's new small business sales.
Personal bankruptcies soar in May (National Post)
July 7, 2009Consumer bankruptcies jumped more than 34% in May from a year earlier as household finances continued to take the brunt of the economic downturn.
Credit Expansion, Crisis, and the Myth of the Saving Glut (Ludwig von Mises Institute)
July 7, 2009Credit expansion was the source of the funds that fueled both the stock market and the real estate bubbles.Credit expansion provided funds for the purchase of stocks. The sellers of the stocks then used the far greater part of their proceeds to purchase other stocks, whose sellers did likewise. In this way, the new and additional money created by credit expansion traveled from one set of stocks ...
Budget Nightmare: 10 Most Broke States (ABC News)
July 7, 2009From road paving to services for the poor, states cut back to balance budgets.
Cashing Out Retirement the Less Painful Way (ABC News)
July 7, 2009Moving 401(k) savings to an IRA before cashing out could soften the blow.
Oil rallies above US$64 after four-day fall (National Post)
July 7, 2009Oil rose above US$64 a barrel on Tuesday, after falling for four consecutive sessions on doubts over global economic recovery and potential improvement in demand for fuel.
Jean Coutu returns to first quarter profit (National Post)
July 7, 2009Canadian pharmacy company Jean Coutu Group Inc. reported a profit of $10.3-million in the first quarter on Tuesday.
Deposit war opens opportunity for banks (BigPond News)
July 7, 2009Regional banks have a chance to take on the big four banks as a price war over term deposits erupts
World stocks tick lower on recovery doubts (National Post)
July 7, 2009World stocks ticked lower for a fourth consecutive day toward a two-week low on Tuesday while the low-yielding yen rose as doubts persisted over how sustainable a global economic recovery would be.
Budget Nightmare: The 10 Most Broke States (ABC News)
July 7, 2009From road paving to services for the poor, states cut back to balance budgets.
Cashing Out Your Retirement the Less Painful Way (ABC News)
July 7, 2009Moving 401(k) savings to an IRA before cashing out could soften the blow.
'Consumer-directed' plans rise in popularity as businesses scramble to cut health costs (News-Medical-Net)
July 7, 2009High-deductible health insurance plans coupled with health savings accounts (tax-advantaged funds for covering medical costs), are becoming the plan of choice for Connecticut's small businesses newly offering insurance to employees, Hartford Business reports.
Deposit war opens opportunity for banks (Business Day)
July 7, 2009Regional and foreign banks have a chance to take on the big four banks, a research company says.
Best deals: interest rates on savings accounts rise (Daily Telegraph)
July 7, 2009Competition in the easy access savings market is hotting up.
Governor's net worth held steady for 2008 (Miami Herald)
July 7, 2009Gov. Charlie Crist's personal bottom line barely budged in 2008, a year in which he remarried and maintained his status as the least-affluent statewide officeholder in Florida.
Deposit war opens opportunity for banks (Sydney Morning Herald)
July 7, 2009Regional and foreign banks have a chance to take on the big four banks as a price war over term deposits erupts, a research company says.
MasterCard Extends Contract With OptumHealth (Banking Business Review)
July 7, 2009Agnitio is a privately owned company with venture ... Cryptomathic is one of the world's leading provide ...
$65 Billion Stolen by Madoff? Hardly (WebCPA)
July 7, 2009Well-meaning victims, courts, the media and the public actually believe that Bernard Madoff, sentenced recently to a record 150 years in prison, stole $65 billion. Chances are that s not even close.
Lobbying Battle Begins Over Creating Consumer Financial Protection Agency (Washington Post)
July 7, 2009Business and trade-group lobbyists are beating a path to Capitol Hill this week for the first major battle over the Obama administration's efforts to overhaul the financial regulatory system.
No Madoff justice for Drabinsky (National Post)
July 6, 2009Barely a week after a U.S. judge slapped a 150-year prison sentence on fraudster Bernard Madoff, Garth Drabinsky's lawyer asks an Ontario justice for a sentence of house arrest.
Privacy a concern as CRTC hears Web control debate (National Post)
July 6, 2009Consumer groups and technology firms squared off in front of federal regulators Monday on the issue of how Canada’s largest cable and telecommunications companies manage the flow of Web traffic on their networks, offering competing views on online privacy and how congested the Canadian Internet really is.
Americans need certainty more than stimulus, economists say (National Post)
July 6, 2009With job losses mounting across the United States, talk is heating up about the need for another multi-billion dollar stimulus package, but some analysts say any extra pennies may be socked away amid uncertainty over the barrage of new policy initiatives being issued by the Obama administration.
Oil correction takes toll on Canadian markets (National Post)
July 6, 2009Crude oil fell US$2.68 a barrel Monday, bringing its drop over the past week into official 10% correction territory, and dragging Toronto stocks sharply lower on concern the economic recovery is struggling.
Great Lakes buys Brookfield power assets (National Post)
July 6, 2009Great Lakes Hydro Income Fund will pay $945-million for its biggest shareholder’s Canadian power operations in a deal aimed at positioning itself for a conversion into a corporation by 2011, it said on Monday.
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