Home Capital Group Drops by 60%

Home Capital Group is down by over 60% as of 11:17am this morning.

Home Capital Announces Non-Binding Agreement in Principle with Major Institutional Investor for Credit Line of $2 Billion to mitigate the impact of a decline in Home Trust’s HISA deposit balances that has occurred over the past four weeks and that has accelerated since April 20.

HISA balances have fallen by $591 million in the period from March 28 to April 24. The total HISA balance stood at approximately $1.4 billion as at April 24. The Company anticipates that further declines will occur, and that the credit line would also mitigate the impact of those.

Home Trust’s Guaranteed Investment Certificate (GIC) deposits remained essentially unchanged over that time. Total GICs, including both Oaken and broker GICs, stood at $13.01 billion as at April 24, compared to $13.06 billion as at March 28.

 

Electricity Prices Dropping for Households and Small Businesses Effective May 1

The Ontario Energy Board (OEB) today announced that households and small businesses that buy their electricity from their local utility will see their electricity prices go down starting May 1.  This will benefit more than 90% of the electricity customers in Ontario.

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GTA new housing supply crisis continues to shatter market records

In March, the GTA’s housing supply challenges resulted in record smashing prices, continued unprecedented inventory scarcity, and a never seen before level of new condo apartments sales, the Building Industry and Land Development Association (BILD) announced today.

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407 International Reports First Quarter Results

407 International Inc. (the “Company”) announced today revenues of $260.7 million for the first quarter of 2017, compared to $225.3 million for the same period of 2016.  Earnings before interest, taxes, depreciation and amortization (“EBITDA”1) totalled $220.5 million for the first quarter of 2017 as compared with $187.6 million for same period of 2016.  The Company reported net income of $87.4 million for the first quarter of 2017 as compared with $64.6 million for same period of 2016.

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Lotto Max: The $55 million jackpot and 1 Maxmillions was won


The $55 million up for grabs in last night’s Lotto Max draw was won with a selection sold in Quebec.

In addition, 1 $1 million prize (Maxmillions) was won thanks to a selection sold in The Prairies.

The next Lotto Max draw, to be held on Friday, April 28, will therefore offer a jackpot worth $13 million approximately.

Here are the numbers:

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Ebates: A great website that actually pays you Cash Back every time you shop

Ebates.caEvery time you shop online at your favourite retailers, you earn back a percentage of every purchase. From niceties to necessities, Continue reading Ebates: A great website that actually pays you Cash Back every time you shop

Free Gift Cards for Being Online – $5 Sign Up Bonus! Start Earning!


Be rewarded the Web's Premiere Rewards Site

Swagbucks is the largest online rewards site that gives free gift cards to its members for their online activities. Members receive free gift cards for Taking Surveys, Shopping, Searching the Web, Watching Videos, and Playing Games.

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