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By: Justin Leung on September 21, 2012

The short answer to that question is yes and no; a short answer but a complicated one. The mentality of Canadians is one fueled by government spin that Canada is doing relatively well compared to the global economy; and with government insured mortgages through the Canadian Mortgage and Housing Corp., the mentality is Canada could never end up in a disastrous housing collapse that plagued our southern neighbours a few years ago.

By: Daniel Rattanamahattana on September 20, 2012

Technology keeps on changing and with it the laws surrounding older methods of doing business must adapt and change too. Only two years ago Ottawa announced the launch of a credit and debit code of conduct in the aftermath of the U.S. credit crisis to avoid a similar crash here in Canada. But they didn’t expect smartphones to become their own version of a credit card; now the law is being amended to include that.

By: Gary Parkinson on September 19, 2012

One of the biggest names in Canada these days is Rogers with the company’s name and reputation known across the country as Canada’s leading mobile phone service provider. They have also become one of the largest media companies in the industry and owners of some iconic Canadian landmarks such as the Rogers Centre in Toronto, home of the Toronto Blue Jays; or the Rogers Arena in Vancouver, home of the Vancouver Canucks. They seem to be moving all over the country and now they have plans to move into your wallet.

By: Justin Leung on September 18, 2012

It’s very hard to believe the government actually did something productive given all the noise that usually surrounds Ottawa.  But the Canadian Real Estate Association (CREA) credits Finance Minister Jim Flaherty’s adjustment of mortgage rules as a key reason why Canada’s housing market has finally showed signs of cooling off.

By: Justin Leung on September 16, 2012

So often in life we hear the phrase ‘why rent when you can buy’; and ‘renting is just throwing your money away’. With interest rates sitting at historic lows and the price for real estate only continuing to rise, it seems like the cliché ‘now is the perfect time to buy’ may in fact be true. But what many potential homebuyers neglect to remember is all the extra costs that go into owning and maintaining a home; from a strictly financial sense it may in fact be better to rent.

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By: Daniel Rattanamahattana on September 15, 2012

Earlier this summer saw heavy weather damage in southern Ontario and Quebec due to violent winds, torrential downpours, and damaging hail that left a trail of destruction across the provinces. The end result was an increasing amount of insurance claims from this damage that insurance companies were not expecting and have said may result in higher premiums.

By: Gary Parkinson on September 14, 2012

Anything to do with money means covering your tracks especially with the sad reality that there are always loopholes that big banks and credit card providers will use to force payments or get out of reimbursements. In one case where there was clear credit card fraud the charges should be made null and void, but CIBC Visa is insisting one woman pay the charges her sister fraudulently put on the stolen credit card.

By: Justin Leung on September 13, 2012

With the back to school session in full swing, many students, both first time and returning, are taking the first couple weeks to adjust to life at college or university. By adjusting for many this means living it up and partying like there’s no tomorrow; bring on the fun and put tomorrow’s worries on the backburner. But while the party can be a great way to meet new people and enjoy feeling liberated from back home; if the costs are not being kept track of, they can quickly get out of hand and start the new experience off chasing debts.