New Federal Housing Finance Agency Rule Rescinded Following Backlash
A new rule from the Federal Housing Finance Agency (FHFA) to raise mortgage fees for those with higher credit at the benefit of those with lower credit has recently declined following backlash from over 26 states.
After the rule was proposed in January, many borrowers were pushed back, criticizing the decision as unfair and encouraging others to maintain their credit scores irresponsibly. In response to criticism, FHFA Director Sandra Thompson said, “Some updated fees are higher and some are lower, in differing amounts. They do not represent pure decreases for high-risk borrowers or pure increases for low-risk borrowers. Many borrowers…
Canadian oil in a good place, says BMO’s top energy banker
Breadcrumb Trail Links
Oil & Gas
News
energy
Commodities
Near-term picture for the industry will likely be characterized by volatility
Author of the article:
Bloomberg News
Kevin Orland
Published April 04, 2023 • Last updated Apr 04, 2023 • 2 minute read
Canada’s three main unconventional fields — the Montney, Deep Basin and Duvernay — “are still going strong, and obviously the oilsands are the big producer in the room, and there’s very little risk for their resources,” said Bradley Wells, head of energy for BMO Capital Markets. Photo by Jeff McIntosh/The Canadian Press
Article content
The flagging productivity of…
The top 4 questions to add to your Business Travel tender in light of the pandemic
The current global pandemic has had an impact on all of our lives in some way and will inevitably influence the evolving shape of business travel as we look forward to being able to travel more freely in the not too distant future.
There is no doubt that your business will now have lots more to consider as your employees start to hit the road again and it’s crucial that as you start to look at travel again, you ask the right questions within your tender to make sure your new supplier can fully support you in these uncertain times.…
Trump is collapsing
He might get a short-term boost, sure. The criminal case New York prosecutors finally unveiled against former President Donald Trump is underwhelming, and Trump might even win. The charges fuel Trump’s refrain that he’s a victim of political persecution, for those who want to align themselves with a self-described victim.
As a political force, however, Trump is the most. His mounting troubles probably mean he can’t win a general election under normal circumstances, and the candidates he has endorsed during the last two years generally have a losing record. There’s also worse to come for Trump, which he acknowledged himself.…
Geographical proximity key factor in countries’ oil imports: poll
A large oil refinery along the Athabasca River in Alberta’s Oilsands. Fort McMurray, Alberta.
Oil imports from geographically close sources are preferred over supplies from far-flung locations, according to a new public opinion poll of more than 24,000 citizens of 28 countries by Ipsos.
It looked at eight oil-producing jurisdictions: Canada, the United States, Norway, the Middle East, Mexico, Venezuela, Russia, and China. Participants were asked to rank their preferred origin for oil imports between Nov. 18 and Dec. 6, 2022.
Ipsos says aside from geography, the weighted data shows a trend towards choosing suppliers based on shared values, such…
Click supports CIPD’s Flex from 1st campaign
Click Travel prides itself on its employee perks and benefits; from offering employees additional purchased leave, to receiving travel discounts and a packed social events calendar.
Flexible working has always been present among the many benefits offered by the company, with over 70% of employees either working part-time/flexible hours or working from home on a regular basis.
This month Click has taken another step forward with flexible working, introducing flexible working requests from day one of employment, rather than after 26 weeks, supporting CIPD’s Flex from 1st campaign.
What does this mean for Click?
Click has grown by an…
Glencore’s bid for Teck illuminates energy transition pressures
Breadcrumb Trail Links
Renewables
Oil & Gas
mining
energy
Commodities
Teck-Glencore clash represents contrast in strategies for confronting energy transitions
Get the latest from Gabriel Friedman straight to your inbox Signup
Published April 05, 2023 • Last updated Apr 05, 2023 • 4 minute read
A truck hauls a load at Teck Resources Ltd.’s Coal Mountain operation near Sparwood, BC Photo by THE CANADIAN PRESS/HO/Teck Resources Ltd.
Article content
Teck Resources Ltd. had a novel rationale for rejecting Glencore Plc’s US$23-billion takeover proposal this week: the Vancouver-based miner said the Swiss commodities giant was too dirty and Teck’s leaders didn’t…
Tax-free first home savings account: How to take advantage
Breadcrumb Trail Links
taxes
Personal Finance
Jamie Golombek: Here’s what you need to know about Canada’s newest registered savings plan
Published April 05, 2023 • 4 minute read
The FHSA gives prospective first-time homebuyers the ability to contribute up to $40,000 and save on a tax-free basis towards the purchase of a first home in Canada. Photo by Getty Images/iStockphoto
Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page.
Article content
April 1 marked the official launch date of the tax-free first home savings account…
