Debt settlement agency businesses growing in Canada

It’s not just personal debt that has climbed to record levels. The companies offering to help you with massive debt are also proliferating. Call them debt-settlement agencies, debt-solution providers or whatever you want. Their names are plastered on bus shelters and newspapers and call out of over the airwaves and the Internet. Unregulated, it’s almost…


Boomers staying on the job longer

The recessions that started and ended the decade just concluding hit investments hard, and forced many Baby Boomers to postpone their retirement plans. I understand this might be a hard thing for those who hoped to bail from the work world some time soon. But, from a societal point of view, it may just be…


Canadians turn ‘gloomy’ on economy in December

Canadians’ sentiment towards the economy turned more negative in December out of concern about both current and future economic prospects, according to the latest TNS Consumer Confidence Index. The final index of the year was down 1.5 points, erasing November’s gain, to end the year at 96.1. The present situation index, which measures views on…


Generate money when loans aren’t enough

I recently have seen more and more sites out there claiming you can make hundreds a day doing online surveys.  Right! The REAL TRUTH is most are scams and give you bogus or outdated information.  I had actually signed up for one of these a few months back and was very disappointed to say the…


Government Grants available now

Did You Know That… 15,000,000 People Get Free Help & Training Yearly To Obtain Better Jobs? 2,000,000 Entrepreneurs Get Money Every Year To Start Or Expand a Business? 5,000,000 People Get Money Every Year To Invest In Real Estate? Over $1,000,000,000,000 (1 Trillion) Is Given away Every Year & The Amount Is Actually Rising? 35…


Possible new restrictions on merchants who accept credit cards

The Canadian Federation of Independent Business wants the federal minister of finance to step in to prevent what could become a “massive” legal challenge between MasterCard and the Competition Tribunal. The Competition Bureau has filed an application to strike down restrictive and anti-competitive rules it says Visa and MasterCard are imposing on merchants who accept…


Bankers & Economists sound the alarm on loans

Lots of interesting stories in the news these days. Here are a few recommended reads from Bankers & Economists. Blogs Strange Times – The Greater Fool “The challenges we face have only just begun” What’s the issue all about, Charlie Brown? Media Outlets Ontario home prices forecast to rise 4.2% next year: credit union New…


Future retirees to find it harder to replace 75% of working incomes

As 2010 ends, the pension reform debate in Canada is heating up. As today’s FP reports, Finance Minister Jim Flaherty is shying away from the labor movement’s call for an expanded Canada Pension Plan and is calling for a new private sector initiative called Pooled Registered Pension Plans or PRPPs. As described at a news…


Private Lender Saves Winnipeg Couple from Losing Their Home

The Hopewell’s (not their real names) were only weeks away from losing their home to bank foreclosure. The Hopewell’s efforts to re-finance their mortgage were futile as the majority of banks, credit unions and finance companies will not knowingly finance an individual that is in foreclosure. The Hopewell’s managed to secure private financing through a…


Ontario company provides loans for elective surgery and other medical services not covered by government health insurance

Kaplan, who won the Canadian Woman Entrepreneur start-up award in 2000, is currently working on a major transformation of her company, which will make it a major financial player in its own right. Instead of relying on financing from banks to cover loans to its customers, the company will be able to attract term deposits…