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As Canada homebuying heats up, is a busier-than-usual winter in store?
Last week’s central bank cut undoubtedly marked good news for homebuyers across Canada, BlueShore Financial advisor Nico Wong told Canadian Mortgage Professional, in boosting their borrowing power and expanding their budgets. That reduction will improve the mortgage outlook for scores of hopeful buyers – and it will also have an...
Debt payments finally done? Here’s how to use the extra cash to build for your future
Graham Priest, an investment adviser with BlueShore Financial, said money that’s going to be set aside for short-term goals could also be put into a fixed-income investment that guarantees a return. “You don’t want to have money just sitting, doing nothing in a chequing account,” Priest said. “When you’re looking...
What’s Next for Bank of Canada Rate Cuts? Ask Trump
Monetary easing typically works with a lag. Thus, a faster-than-intended moderation in inflation could push Canada toward a recession. “Canada is not yet on the brink of recession, and government stimulus [in the form of rebate checks and tax holidays] should ensure a false dawn for growth before the year-end,”...
iQmetrix Launches New Product Suites to Transform Telecom Retail
Transformative technology solutions built for telecom retail were announced and displayed at iQmetrix’s recent flagship industry event SummitX 2024. iQmetrix, North America’s only provider of Interconnected Commerce solutions for telecom retail, hosted the only event of its kind in North America targeted at this niche market. The theme of this...
The Fine Print: Form and Sufficiency of Letters of Credit to Vacate Liens
One of the most efficient ways to have the lien removed from title is to “vacate” the lien. However, vacating the lien does not resolve the underlying dispute between the lien claimant and the contracting party. If a contractor is not paid within a certain amount of time, they may...
Ontario Superior Court rules limited partners cannot cause partnership to make cash distributions
Parties contemplating the formation of a limited partnership in Ontario should consider the implications of a recent decision by the Ontario Superior Court of Justice in Anthony v. Binscarth Holdings GP Inc., [2024] O.J. No. 1580. The court in Anthony considered limited partners’ entitlement to annual cash distributions, and specifically, their ability to...
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