Barbara Shecter Telecom giant Rogers Communications Inc. has applied to form a bank under terms of the federal Bank Act. The financial institution, to be known as Rogers Bank, would be primarily focused on credit, payment and charge card services, according to a filing with the government published over the weekend. Kaan Yigit, president of […]

Canada’s big banks are raking in billions of dollars in profits, but if they want to keep doing it while the economy stumbles, look out for another boost in mortgage rates, analysts say. Toronto-Dominion Bank announced Thursday that it earned $1.45 billion in profits during the fiscal third quarter, up from $1.18 billion in the […]

Jamie Golombek, Financial Post This week, tens of thousands of Canadians began receiving letters from the Canada Revenue Agency as part of a TFSA over-contribution package regarding their 2010 TFSA activity and the resultant penalty taxes which now may be owing.  A typical package is eight pages long and contains a proposed TFSA Return for […]

A sudden rush of spring buyers in June pushed U.S. home prices modestly higher, a closely watched index of the sector showed Tuesday. The S&P/Case-Shiller index showed the average sale price of a U.S home increased by 3.6 per cent during the second quarter. That’s a reversal from a 4.1 per cent loss in the […]

Canada’s national housing agency says it expects home sales and construction activity will cool but remain healthy in the second half of the year, due to favourable economic conditions that push up demand for homes. Canada Mortgage and Housing Corp. said Monday that lower unemployment, a steady level of immigration, and low interest rates are […]

Jonathan Chevreau, Financial Post A disturbing trend in recent media coverage of the current stock-market meltdown is a growing indifference by younger people to saving and investing. True, those in their late 20s can look back at their first decade in the workforce as one that fraught with market volatility. Already, they’ve experienced the Tech […]

Angie Mohr  After summer holidays are over and the heat and humidity subsides, it’s a good time to start home renovation and preparation projects before the cold weather sets in. Flower beds can be cut down, lawns fertilized for the last time and windows washed. Here are five projects that are perfect for cool fall […]

By Sunny Freeman, The Canadian Press TORONTO – The number of new homes being built will grow slightly more than originally thought this year as strong employment and low mortgages rates outweigh the risks posed by financial turmoil, Canada Mortgage and Housing Corp. said Wednesday. The agency forecasts that an average 183,200 units will be […]

OTTAWA, August 24, 2011 — Housing starts are forecast to remain steady in 2011 and 2012, according to Canada Mortgage and Housing Corporation’s (CMHC) third quarterHousing Market Outlook, Canada Edition.1 “Housing starts have been strong in the last few months, but are forecast to moderate closer in line with demographic fundamentals,” said Mathieu Laberge, Deputy Chief […]

By The Associated Press WASHINGTON – Regulators on Friday closed one bank each in Florida, Georgia and Illinois, lifting to 68 the number of U.S. bank failures this year. The pace of closures has eased in 2011 as the economy has slowly improved and banks work their way through the bad debt accumulated in the […]