The popularity of buy-now-pay-later (BNPL) apps is growing rapidly, as are defaults and delinquencies. The slump in job markets and wage growth, alongside the high cost of borrowing due to elevated inflation, have already strained household budgets. Easier access to credit and flexible repayment options also lure younger generations to tap into loans even when … Read more
How would you deal with a situation where your mother racked up $30,000 debt in your name without telling you and asked you to repay it for raising you? That happened with a young daughter last year before graduating from college. In a recent Reddit post, she shared her ordeal about finding out her mother’s … Read more
Bestselling author and co-host of “The Ramsey Show,” George Kamel went from negative net worth to a millionaire status within a decade by following Ramsey’s proven money plan. Kamel is committed to breaking down complex money topics and busting money myths to help people save more while avoiding financial pitfalls. In a recent YouTube video, … Read more
The Nova Scotia Supreme Court has approved Postmedia’s $1-million bid to acquire Atlantic Canada’s largest newspaper chain. Justice John Keith ruled Thursday afternoon that the proposal is “reasonable and fair,” clearing the way for the Toronto-based media company to buy the insolvent SaltWire Network Inc. and the Halifax Herald Ltd. Earlier in the day, a lawyer representing the … Read more
A former TD Bank employee falsified documents to open dozens of accounts and provided concierge-like services to help cash flow across borders, Bloomberg News reported on Monday. Gerry Aquino Vargas, the now-former retail banker in a Hollywood, Fla., outpost of TD Bank, took a series of $200 US bribes to help clients move millions to Colombia … Read more
The Bank of Canada is trying to thread a needle. It’s keeping rates higher for longer at least in part because it’s worried a rate cut now could undermine the last two years of pain and progress. “We don’t want to keep monetary policy this restrictive for longer than we have to. But nor do … Read more
