As an insurer of prime mortgages, Genworth Canada insures lenders against losses that are incurred as a result of borrower defaults with respect to their mortgage payments. Continue reading Genworth Canada Comments on Recent Market Developments Regarding Home Capital
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.
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.
C$22 for Movie Package for Two with Tickets, Medium Popcorns, and Sodas at Imagine Cinemas (C$39.50 Value)
Continue reading Imagine Cinemas Deal
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.
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.
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:
Even some of the biggest names in the world had a rocky road to success.
Continue reading 6 Bad*ss Entrepreneurs Who Didn’t Take ‘No’ For An Answer
Every 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
Uber isn’t required to report its finances publicly, but the privately held company has decided to forgo that luxury for the first time. Bloomberg’s Ramy Inocencio reports on “Bloomberg Daybreak: Asia.”
Continue reading Uber Says Growth Outpaces Losses
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.
The RCMP has issued a warning to taxpayers to be on the lookout for fake emails and phone calls claiming to be from officials of the Canada Revenue Service.