Archive for September, 2007
That’s right… You can now walk into your nearest Bank of Montreal branch and request help with bereavement services. If a client’s relative or loved one passes away, he/she can now let BMO Trust Company handle everything from planning the funeral, to asking Canada Post to redirect mail, and even to settling outstanding debts.
The Bank […]
September 29th, 2007 | Posted in Personal Finance | No Comments
Canada has successfully lowered its debt, balanced its budget, kept its trade surplus up, kept interest rates up and looking to further raise them… Exactly what every other G-7 country has been unable to do. Meanwhile the Canadian economy is stably strolling along, and the Canadian loonie has been very strong.
The federal government today announced […]
September 27th, 2007 | Posted in Economy | No Comments
Vonage’s share dipped to 93-cents, its lowest value since the company went public in May 2006. Vonage has been charged with the violations of three Verizon Communications Corp. patents in building its Internet phone system. The lawsuit awarded Verizon with $58-million (U.S.) in damages, plus 5.5-percent royalties on future Vonage revenues.
Reminder this was just two […]
September 26th, 2007 | Posted in Technology | No Comments
Prices are sticky downwards - we all know it. Now Canada can witness it at its finest. Sure the Canadian and American dollars are near parity on the markets, but not at the retail cash registers. You will still find your self paying less for the same product in the United States or elsewhere. Canadians […]
September 24th, 2007 | Posted in Economy | No Comments
By Robin Trehan, B.A, MIB, MBA electronic business
Even a clock that does not work is right twice a day is a good statement and it is true that we do sometimes stumble on precious stone but the probability of it’s happening in business world is pretty dim. In this process business clock […]
September 21st, 2007 | Posted in Stocks | No Comments
Hilton Hotels Corp. [HLT-N] today reported that shareholders approved the company’s $20.1-billion (USD) sale to The Blackstone Group LP [BX-N].
Under the terms of the Hilton Hotels takeover/buyout, Blackstone will pay Hilton shareholders $47.50 per share in cash. Including assumed debt, the total deal is valued at $26-billion.
Shares of Hilton Hotels rose 14 cents to […]
September 18th, 2007 | Posted in Stocks | No Comments
Canadian-American dollar parity - more closer than we think? Well, the gap certainly seems to get smaller and smaller. Last week the Canadian dollar traded in Toronto at a new 30-year-high, at 97.04 cents USD. The last time the Canadian dollar traded so high against the US Dollar was mid-February 1977 - more than 30 […]
September 16th, 2007 | Posted in Economy | No Comments
Bad credit? Let’s face it… probably not the best time to refinance your home mortgage. Why? Probably because everybody’s labeling you a “risk”. Bad credit doesn’t necessarily need to stop you from refinancing your mortgage. There are still quite a few lenders out there who are more than willing to work with you to get […]
September 15th, 2007 | Posted in Personal Finance | 1 Comment
Canada has historically always been the number-1 seller of goods to the United States. China has now firmly eclipsed Canada for that position. This remarkable shift in trade reflects the Asian consumer goods juggernaut’s deeper penetration of the U.S. market. This also signals Canada’s special trading relationship with Washington is becoming… less “special”.
China sold $312.2-billion […]
September 14th, 2007 | Posted in Economy | No Comments
A short overview of different types of life insurance:
Although life insurance is purchased for yourself, your dependents are the ones who typically benefit from it. Life insurance provides your dependents with the security to protect the family home, should you die. The proceeds of a life insurance policy, known as the death benefit, provides the […]
September 13th, 2007 | Posted in Personal Finance | 1 Comment