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Poland set to get more than 5 billion euros in EU money after commission approves recovery plan

BRUSSELS (AP) — Poland is set to receive more than 5 billion euros ($5.5 billion) in EU funds after the European Commission gave a positive assessment Tuesday of the country's revised recovery plan that includes green reforms and investments. The 5.1 billion euros pre-financing is part of the bloc's REPowerEU program aimed at helping the 27 EU nati...


Money, data, the truth - you can't trust the Tories with anything

The scale of waste is truly shocking.


Nova Scotia couple uses lottery winnings for kindness

Winning $100,000 in the lottery isn't exactly a windfall in this economy. But, for one Nova Scotia couple, it's been enough to set their minds at ease after being renovicted last year. As Heidi Petracek explains, that experience also inspired them to pay something forward.


Lower bond yields could soon mean cheaper mortgages. Here’s why

A cooling in the bonds market over the past month could deliver savings for Canadians renewing or taking out new fixed-rate mortgages, expert say.


A Week In Dallas On A $82,400 Salary

Welcome to Money Diaries where we are tackling the ever-present taboo that is money. We’re asking real people how they spend their hard-earned money during a seven-day period — and we’re tracking every last dollar. Today: a software engineer working in tech who makes $82,400 per year and spends some of her money this week on a ticket to see Priscilla. Occupation: Software engineerIndustry: TechAge: 25Location: Dallas, TXSalary: $82,400Net Worth:...


How to Pay Off Debt and Get Rich in 20 Years

A disciplined approach to paying down debt will stop the bleeding and provide the ability to start investing toward future gains and riches. The post How to Pay Off Debt and Get Rich in 20 Years appeared first on The Motley Fool Canada.


What stocks will do well in the new year

Greg Taylor, chief investment officer at Purpose Investments Inc., talks with Financial Post’s Larysa Harapyn about the investing outlook for the year ahead, and how value stocks will rise again once interest rates start coming down. Alberta a bright spot in slowing Canadian economy Grocery code of conduct could cut food prices Ottawa's fix falls short on housing shortage Bookmark our website and support our journalism: Don’t miss the business...


Hungary set to receive millions in EU money despite Orban's threats to veto Ukraine aid

BRUSSELS (AP) — Hungary is set to receive 900 million euros ($981 million) in European Union money, the EU's executive arm said Thursday, despite the Hungarian prime minister’s attempts to scupper the bloc’s support for Ukraine. That money comes from the bloc’s REPowerEU program aimed at helping the 27 EU nations recover from the energy crisis that...


Turned down for a loan, business owners look to family and even crowdsourcing to get money to grow

NEW YORK (AP) — Among the many challenges small businesses face as they try to grow these days, getting a loan is right near the top. Banks big and small have tightened lending standards as the Federal Reserve hiked up interest rates the past two years. The collapse of three regional banks this spring and the possibility of stricter regulations hav...


All the money changes coming in December 2023 – from inflation rates to cost of living pay

Here's what you can expect for your finances this Christmas.


Finance expert's Q&A on what the Autumn Statement means for you

Branded as a budget for a spring election, today’s Autumn Statement was packed full of 'giveaways' designed to appeal to voters.


How to Earn $2,005 in Passive Income With No Start-Up Costs

Passive income doesn't need to be difficult work. In fact, by definition, it shouldn't be! Here's an easy way to get started at zero cost. The post How to Earn $2,005 in Passive Income With No Start-Up Costs appeared first on The Motley Fool Canada.


Sri Lanka says it struck a deal with creditors on debt restructuring to clear way for IMF funds

COLOMBO, Sri Lanka (AP) — Sri Lanka said Wednesday that it has reached an agreement in principle with a group of creditors including India and Japan on debt restructuring, a crucial move toward unlocking a second instalment of a $2.9 billion bailout package from the International Monetary Fund. The agreement with the Official Creditor Committee cov...


Scotiabank sees 'marginal' profit growth in 2024 after Q4 miss

By Nivedita Balu and Niket Nishant (Reuters) -Bank of Nova Scotia on Tuesday forecast its earnings will rise "marginally" in 2024, after the Canadian lender missed fourth-quarter profit estimates as a murky economic climate prompted it to set aside more funds to guard against bad loans. Scotiabank kicks off Canadian banks' earning season, wrapping up a financial year marked with economic


Save money on your tax bill by planning now

Jamie Golombek , managing director of tax and estate planning at Canadian Imperial Bank of Commerce , talks to the Financial Post’s Larysa Harapyn about the planning you need to do before the end of the year to save money on your 2023 taxes and raise your chances of a refund. Ottawa's fix falls short on housing shortage Rents hit new highs for 6 months in a row How to do your Christmas shopping on a tight budget Listen to Down to Business for...


You can pay it forward at this Thorncliffe Park cafe

The Common Ground Cafe is making it easy for customers to give back by offering a pay-it-forward model when buying coffee or a snack.


8 hacks for saving money on your food shop now it's £605 more expensive

Food shops are making significant dents in our bank balances.


Passive Income: How to Make $1,000 Per Month Tax-Free

Are you interested in passive income? Here’s how you can make $1,000 per month tax-free! The post Passive Income: How to Make $1,000 Per Month Tax-Free appeared first on The Motley Fool Canada.


Sterling rises, dollar listless as markets brace for post-Thanksgiving buzz

By Rae Wee SINGAPORE (Reuters) -Sterling rose to an over two-month high against a weakening dollar on Monday, though some risk-aversion capped losses on the greenback as traders eyed fresh economic cues in the week ahead to determine the future path of policy rates. A postponed OPEC+ meeting, data from the Federal Reserve's favoured measure of inflation alongside inflation readings in the euro


3 Growth Stocks I’d Buy With $3,000

Investors ready to invest $3,000 into stocks could consider shares like Shopify to outshine the broader markets and create wealth. The post 3 Growth Stocks I’d Buy With $3,000 appeared first on The Motley Fool Canada.


Alex Murdaugh sentenced to 27 years for financial fraud after victims angrily confront him in court

For years, South Carolina attorney Alex Murdaugh looked his anguished clients in the eyes and promised to help them with their medical bills, their suffering or simply to survive. Then he stole some, if not all, of what he won for many of them. Those clients got to look Murdaugh in the eye Tuesday and tell him how he had destroyed their trust, as t...


How to appear rich without breaking the bank

Money comes and goes, but appearing rich can last forever. While you're waiting for the big paychecks to roll into your bank account, what is the harm in presenting an illusion of that lifestyle to others? In fact, it may even open windows to the real deal! Of course, there is more to life than material things, but having nice things is definitely a bonus. Take a look through the gallery, inspired by Self-Made, for some tips on how best to indulge in the facade of wealth.


There's a massive millionaire migration and this is where are they moving


Exclusive-China's Alipay to sell its stake in India's Zomato for nearly $400 million -sources

By M. Sriram MUMBAI (Reuters) -Chinese payments group Alipay plans to sell its 3.4% stake in Indian food delivery giant Zomato for nearly $400 million through block deals on Indian stock exchanges, according to three sources and a Reuters review of the deal's term sheet. Alipay, owned by Ant Group, will offload its entire 3.44% stake in the deal, the term sheet seen by Reuters showed. Bank of


China wealth manager Zhongzhi flags insolvency, $64 billion in liabilities

BEIJING (Reuters) -China's Zhongzhi Enterprise Group, a leading wealth manager, told investors it is heavily insolvent with up to $64 billion in liabilities, threatening to reignite concerns that the country's property debt crisis is spilling over into the broader financial sector. The firm, which has sizable exposure to China's real estate sector, apologised to its investors in a letter that


Germany signals belt-tightening but no tax rises in budget compromise

By Holger Hansen and Christian Kraemer BERLIN (Reuters) - German Finance Minister Christian Lindner signalled the government would need to make savings worth a double digit billion euros to help solve a budget crisis, though data on Friday showed growth shrinking in Europe's largest economy. Lindner plans to lift self-imposed limits on borrowing and present a supplementary budget next week after


Bank of Montreal sees more cost savings as it absorbs Bank of the West, shares rise

By Nivedita Balu and Jaiveer Shekhawat (Reuters) -Bank of Montreal on Friday forecast more cost savings from its $16 billion acquisition of U.S. lender Bank of the West, voicing confidence in its purchase despite an uncertain global banking environment. The bank, however, missed analysts' estimates for quarterly profit, pressured by rising costs and due to nearly doubling of bad debt provisions


Millennial Money: 5 steps to creating financial boundaries during the holidays

Marketing ads, family functions and holiday gift-giving culture can make it feel impossible not to spend, or for some, overspend. According to a 2023 survey from NerdWallet, around half of Americans (52%) incurred credit card debt when shopping for gifts during the holidays last year, and almost a third (31%) of them still haven’t paid it off. Whil...


US dollar falls against most currencies as rate cut view weighs

By Gertrude Chavez-Dreyfuss and Samuel Indyk NEW YORK/LONDON (Reuters) -The U.S. dollar slid against most major currencies on Monday, with a measure tracking the greenback's value on track for its biggest monthly drop in a year, weighed down by expectations that the Federal Reserve could start cutting interest rates by the first half of next year. The dollar index, which measures the currency


How to prepare your bank account for holidays

Going on vacation doesn’t have to put you in debt! If you plan ahead, you won’t immediately undo all the relaxation of your trip as soon as you touch back down. It’s also really important to invest in your holidays, because you’re simultaneously investing in your own health and happiness. And it's easier than it seems! Click through for 25 simple ways to meet your dream vacation goals.


Corner Brook mill got a lifeline of a loan years ago — but hasn’t made a payment in years

In 2014, the Newfoundland and Labrador government approved a $110-million loan to help save the struggling newsprint mill in Corner Brook. That figure is now $117 million, as interest has accumulated. As Terry Roberts reports, Kruger Inc., the parent company of the Corner Brook Pulp and Paper Ltd., will not comment on why.


Where to Invest $5,000 in November 2023

When I'm out of ideas, I usually just default to an S&P 500 index fund. The post Where to Invest $5,000 in November 2023 appeared first on The Motley Fool Canada.


Investors: How to Pay Off Your Holiday Shopping This Year!

The holidays are here, and there is a way to pay off those presents with passive income from stocks. The post Investors: How to Pay Off Your Holiday Shopping This Year! appeared first on The Motley Fool Canada.


Wall Street gets creative as regulators demand more capital

By Shankar Ramakrishnan (Reuters) - Earlier this fall, Morgan Stanley bought $300 million worth of protection against losses on some of its loans from Blackstone Group and other investors, two sources familiar with the matter said. The transaction, details of which have not been previously reported, was effectively insurance, structured as a sale of bonds called credit-linked notes, according to


How students can get more money for post-secondary school

The first semester for new post-secondary students is almost over and that means it could be a good time to revisit how much money to take out of their registered education savings plans because there’s a new upper withdrawal limit. In the 2023 budget, Ottawa for the first time in 25 years increased the RESP withdrawal limit for education assistance payments (EAP) to $8,000, from $5,000, for students enrolled in full-time studies, and to $4,000,...


A Week In Chicago On A $230,000 Joint Income

Welcome to Money Diaries where we are tackling the ever-present taboo that is money. We’re asking real people how they spend their hard-earned money during a seven-day period — and we’re tracking every last dollar. Today: A marketing manager working in life sciences who has a $230,000 joint income and spends some of her money this week on pajamas. Occupation: Marketing managerIndustry: Life sciencesAge: 29Location: ChicagoSalary: $130,000 (plus...


New crypto front emerges in Israel's militant financing fight

By Tom Wilson and Elizabeth Howcroft LONDON (Reuters) - A new front has emerged in Israel's fight against the funding of Iran-backed militant groups from Hamas to Hezbollah: A fast-growing crypto network called Tron that until recently attracted less scrutiny than Bitcoin. Quicker and cheaper than Bitcoin, the Tron network has overtaken its rival as a platform for crypto transfers associated


US dollar falls on dovish remarks by Fed's Powell

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar fell on Friday, after two days of gains, as Federal Reserve Chair Jerome Powell struck a cautious tone on further interest rate moves, saying that the risk of under- or over-tightening is now more balanced. The market viewed his comments as dovish, with investors pricing in expectations that the Fed is likely done raising rates. Powell


3 Passive-Income Streams That Will Take You to the Next Level

These passive-income streams do not take a second more of your time. Focus on your day job and look forward to even more cash flowing in. The post 3 Passive-Income Streams That Will Take You to the Next Level appeared first on The Motley Fool Canada.


Trump put under 'enhanced monitoring' over undisclosed $40 million cash transfer: report

Former President Donald Trump has been placed under "enhanced monitoring" after Trump Organization monitor Barbara Jones identified $40 million in previously undisclosed cash transfers, reported Law360's Frank G. Runyeon on Wednesday. Jones alerted Judge Arthur Engoron, who is overseeing Trump's civil fraud trial in New York. "The Materiality Thres...


Dollar tumbles on Fed cut bets; hawkish RBNZ boosts kiwi

By Rae Wee SINGAPORE (Reuters) -The U.S. dollar slid across the board to hit a more than three-month low against its major peers on Wednesday, while the New Zealand dollar surged after its central bank suggested that more rate hikes could be in the offing. The kiwi was last 0.78% higher at $0.6184, having surged more than 1% earlier in the session to a four-month high of $0.6207 after the


Bank of Montreal's quarterly profit falls on higher rainy-day funds

(Reuters) - Bank of Montreal reported a fall in its fourth-quarter profit on Friday, as higher provisions for potential credit defaults offset gains from a rise in its interest income. The lender built up its provisions for credit losses (PCLs) as gloomy economic conditions prompted caution. PCLs at the bank surged to C$446 million, from C$226 million a year earlier. Canada has been on the brink


Money worries create 'inflation isolation' in B.C.

During the pandemic, it was COVID that kept us from seeing friends and family, now, it's money. That's according to a new poll. But as Cassidy Mosconi reports, there is hope for those experiencing inflation isolation.


Martin Lewis warns bank account holders could miss out on £1,000s

Some savings accounts offer up to 8% interest over a year.


Asia stocks hold gains as confidence grows on rate outlook

By Selena Li HONG KONG (Reuters) -Asian shares were flat on Thursday with markets holding onto their gains for the week as confidence grows that interest rates globally will head lower next year, while oil prices fell on the prospects for smaller-than-expected output cuts by OPEC+. Investors are also looking to Chinese policymakers for clues on possible support for the long-suffering property


Asia FX inches lower, dollar steady before swarm of economic data

Investing.com-- Most Asian currencies weakened slightly on Monday, while the dollar steadied as traders hunkered down before a string of key economic readings due this week. Mixed signals from China weighed on sentiment, as data showed a sustained,...


Public investors with $4.3 trln are down on China but in on net zero

By Libby George and Bansari Mayur Kamdar LONDON (Reuters) - Public pension and sovereign wealth funds managing $4.3 trillion in assets are pessimistic about investing in China, but keen to cut net emissions of their portfolios, according to a survey by the Official Monetary and Financial Institutions Forum (OMFIF). The survey of 22 funds by OMFIF, a think tank for central banking, economic


Where Smart Money is Going as Canadian Interest Rates Climb

The interest rate climb is nearing its end. Smart investors are using this trend to invest in stocks with an inverse correlation to rates. The post Where Smart Money is Going as Canadian Interest Rates Climb appeared first on The Motley Fool Canada.


Montreal billionaire sex case: Accuser loses bid to freeze Robert Miller's assets

MONTREAL — A Quebec judge has denied a request to freeze the assets of a Montreal billionaire accused of paying underage girls for sex. In a ruling released today, Superior Court Justice Eleni Yiannakis says the applicant failed to prove there is a real risk Robert Miller would disappear or hide his assets if he loses a court case brought against h...


Why are millionaires suddenly moving out of China?