How to Improve Small Business Creditworthiness

 Whether your small business is interested in securing loans, developing better business relationships, or improving its reputation, enhancing its creditworthiness can help. But what is creditworthiness and can you improve it? Read this guide for more information on: Creditworthiness definition Advantages of good creditworthiness How to improve creditworthiness Creditworthiness Definition

Navigating Payday Loans: Understanding the Basics

 Finding yourself in a place where you need quick financial assistance can be overwhelming. When you find yourself short of money and have expenses that urgently need to be covered, a payday loan might seem like a good solution. Before you jump in, it's crucial to comprehend the steadfast rules

Thank the bank but hold the standing ovation

 by Greg MacDougall and Steve Saunders As Ottawa’s winter slowly transitions to spring, and a young Senators team tantalizes fans with glimpses of a promising future, hockey fans debate the relative merits of Connor McDavid, Auston Matthews and Patrick Kane as winner of the Hart Memorial trophy, emblematic of the

We should all be concerned about the level of federal debt and continued spending in Canada

 While many Canadians are enjoying the generous help from the federal government to cope with the tough consequences of this deadly pandemic, some are also increasingly concerned about the ability of our country to deal with the post-pandemic financial needs to re-build our economy. It is a difficult task to

Charisma has failed us — and winter is coming

 “The problem with socialism is that you eventually run out of other people's money.” ―  Margaret Thatcher The next prime minister of Canada will be the most hated person in the country for years to come. Whether Liberal,Conservative on NDP, he or she will have to deal with the financial mess

Thinking to Refinance Student Loans?

 If you are looking for some service or organization to refinance student loan but you are confused or not sure of its approval done by higher authorities, you can look into many other options. Refinancing student loans will let you have consolidation of current loans of students in both federal

Savings slide as Canadians focus on paying down debt

 If your new year's resolution is to get a handle on your debt, you're not alone. With mounting household debt and interest rates on the rise, an annual CIBC poll found that paying down debt is again Canadians' top financial priority. Yet, with inflation outpacing earnings and outliving our assets

Something is Really, Really Wrong in Ontario

 A creeping arrogance and sense of entitlement has seeped its way into the depths of the Government of Ontario. At a fundamental level, they do not seem to understand the value of a taxpayer’s dollar. Ontario is 315 billion dollars in debt, and is paying a billion dollars a month

Five Things We Know about Economic Inequality – and Why We Need to Act

 Certain segments of society encounter persistent disadvantages and lack of opportunity across the country.  This can affect everything from health outcomes of individuals and entire communities to social cohesion. It can also impact the economic growth of the country and the social mobility of Canadians. However, the extent of inequality

Three Things We Can Do to End Poverty in Canada

 Poverty degrades our economy, changes the nature of our cities and the cohesion of our society “Time to end poverty in Canada” has been the message from the Salvation Army coming across our TV screens this holiday season. A great idea from an organization that fights poverty every day in

Is Online Gambling Addictive?

 What is a Gambling Addiction? Gambling addiction can also be known as compulsive gambling. It is an impulse-control disorder where people are unable to control their urge to gamble, even if they see there are negative effects to gambling. Problem gamblers will continue to gamble regardless of their situation--whether they

Gail Vaz-Oxlade Explains Why Learning About Money is a Life Lesson

 Spring-cleaning season is a good time to face some other things you’ve been putting off. OLM sat down with Gail Vaz-Oxlade, the Canadian personal finance guru and host of the TV shows Til Debt Do Us Part and Princess to get some tips about getting your personal finances in order.

Mortgage Industry Leaders Offer Insight into the Changing Landscape of Canadian Home Financing

 What are the worst-case scenarios? Why are you seeing them? What can be done? By Gretchen Casey You’re behind on credit card payments, mortgage payments, property taxes and/or utilities – as a home owner, this is a worst-case scenario. As a mortgage agent, we’re here to evaluate the situation and

Have you no shame — The shocking expenses of our unelected city managers

 By Claire Tremblay & Dan Donovan Shocking. That's how Auditor General Sheila Fraser described the waste of $100 million of taxpayers' money in her February 10 report to Parliament on the Liberal government's sponsorship fiasco in Quebec. But for jaded Canadian taxpayers, the waste of their hard-earned money is nothing