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asia-pacific business
Contagion fears spread as China’s property sector cash crunch intensifies
This photo taken on August 14, 2023 shows a logo of China's developer Country Garden Holdings at a housing estate in Zhengzhou, in China's central Henan province. Concerns are mounting in China around Country Garden, a major property developer whose colossal debt raises fear of a bankruptcy that could spell wider economic turbulence, two years after the unravelling of its competitor Evergrande. Country Garden shares plunged by more than 16 percent in Hong Kong on August 14, 2023, after it missed bond payments and warned of multibillion-dollar losses. (Photo by AFP) / China OUT (Photo by STR/AFP via Getty Images)
canada
Ontario budget will address ‘uncertain times,’ Finance Minister says
Peter Bethlenfalvy, Minister of Finance of Ontario speaks with the media during the Finance Ministers' Meeting in Toronto, on Friday, February 3, 2023. THE CANADIAN PRESS/Nathan Dene
report on business
Credit Suisse to tap emergency funding from Swiss central bank to shore up finances
NEW YORK, NEW YORK - MARCH 15: People walk by the New York headquarters of Credit Suisse on March 15, 2023 in New York City. After its largest shareholder said it could not provide further support, Credit Suisse shares fell by as much as 30% on Wednesday as global concerns over the stability of major banks continued to spread. (Photo by Spencer Platt/Getty Images)
canada
Alberta’s pre-election budget posts $2.4-billion surplus, reveals new contingency fund
Alberta Finance Minister Travis Toews is applauded as he delivers the 2023 budget in Edmonton on Tuesday, Feb. 28, 2023. THE CANADIAN PRESS/Jason Franson
per capita
Quantum computing star D-Wave faces cash crunch, investors say
On Tuesday, D-Wave rolled out the latest edition of its hardware, a quantum computer chip that the company says it has re-engineered from the ground up. Handout/D-Wave Systems Inc.
personal finance
How to get better at managing your money
morning update newsletter
Morning Update: Ontario’s first healing lodge for Indigenous inmates in peril because of cash crunch
Patti Pettigrew, founder and Executive Director of the Thunder Woman healing Lodge Society, is photographed at the Society’s offices in Toronto, on Oct 11, 2022. Fred Lum/The Globe and Mail. The framed picture on the wall behind her is the proposed future site of the Thunder Woman Healing Lodge in Toronto. the lodge will have 12 single correctional beds (for women on parole or bail) and 12 transitional apartments for women who have completed the Lodge’s programs.
canada
Ontario’s first healing lodge for Indigenous inmates in peril because of cash crunch
Patti Pettigrew, founder and Executive Director of the Thunder Woman healing Lodge Society, is photographed at the Society’s offices in Toronto, on Oct 11, 2022. Fred Lum/The Globe and Mail.
advisor news
Why now is the time to boost emergency savings – not dip into them
Asian boy hand inserting a fifty dollars bank note into white piggy bank against wooden grey background
advisor news
How to budget for renovations as more decide to stay in their homes
Paying for the reno.
explainer
Emergency fund 101: How much do I need to save for unplanned expenses?
advisor news
Do baby boomers’ ‘money rules’ apply to younger generations?
Multi ethnic group of Millennial investors planning new gainful activity
report on business
Air Transat to borrow $100-million in federal government emergency loans
An Air Transat sign is seen in Montreal on May 31, 2016.T THE CANADIAN PRESS/Paul Chiasson
advisor news
How to prepare for a job loss in a potential recession
Empty desk after termination of employment - landscape interior. istock photo
cost of living
As fears of a recession grow, six tips for building your emergency fund
Close up of toy pink piggy bank and coins with young man using calculator and writing notes in background. Homeowner calculating savings, counting budget, doing finance control work
young money
Think of emergency funds as pre-planned spending to better prepare: expert
A person inserts a debit card into an ATM in Pittsburgh, Saturday, Jan. 5, 2013. Emergency funds can provide some peace of mind for those handling obstacles that pop up in life. THE CANADIAN PRESS/AP-Gene J. Puskar
world
Biden may need to ‘claw back’ funding for COVID-19, Jha says
FILE PHOTO: Dr. Ashish Jha, Coordinator of the COVID-19 Response, speaks to reporters during the daily press briefing at the White House in Washington, U.S., April 26, 2022. REUTERS/Evelyn Hockstein/File Photo
world
South Africa releases emergency funds for deadly floods, nearly 400 dead
Family members assist with clearing debris for member of the South African Police Services (SAPS) Search and Rescue Unit to conduct search efforts to locate ten people who are unaccounted for from area of KwaNdengezi township outside Durban on April 15, 2022 after their homes were swept away following the devastating rains and flooding. - Police, army and volunteer rescuers on Friday widened the search for dozens still missing five days after the deadliest storm to strike South Africa's coastal city of Durban in living memory as the death toll rose to nearly 400. The "unprecedented" floods, which affected nearly 41,000, left a trail of destruction and at least 395 people dead. With the government coordinating the search-and-rescue operation, the official number of people missing in KwaZulu-Natal province stood at 55. (Photo by Phill Magakoe / AFP) (Photo by PHILL MAGAKOE/AFP via Getty Images)
british columbia
B.C. offers $2,000 in emergency funding to thousands of families displaced by floods and mudslides
A farm manager who asked not to be identified by name removes damaged items after floodwaters filled the lower floor of a house the family rents on a farm, in Abbotsford, B.C., Tuesday, Nov. 23, 2021. THE CANADIAN PRESS/Darryl Dyck
report on business
Celebrity chef Mark McEwan’s restaurant and gourmet foods business files for creditor protection, citing cash crunch
Chef Mark McEwan is photographed in the Diwan restaurant at the Aga Khan Museum on Nov 4 2015. (Fred Lum/The Globe and Mail)
asia-pacific business
China Evergrande misses payment deadline, EV unit warns of cash crunch
The logo of the China Evergrande Group is seen on the Evergrande Center in Shanghai, China, September 24, 2021. REUTERS/Aly Song
your practice
Business owners look to advisors for help in navigating the impact of COVID-19
Tired woman owner sitting on floor in closed cafe, small business lockdown due to coronavirus.
world
U.S. Senate passes bill to help Americans returning from Afghanistan
WASHINGTON, DC - AUGUST 10: (L-R) U.S. Senators Ben Cardin (D-MD) and Elizabeth Warren (D-MA) walk through the basement of the U.S. Capitol Building on August 10, 2021 in Washington, DC. The Senate voted 69-30 to pass the $1 trillion infrastructure bill today before moving on to budgetary resolutions. (Photo by Samuel Corum/Getty Images)
advisor news
How ‘the Great Resignation’ can throw financial plans into a tailspin
Businessperson Walking Out With Exit Sign On Wall
report on business
Sunwing lands $100-million bailout from Ottawa for COVID-19 flight cancellation refunds
Stephen Hunter, CEO of Sunwing Travel, is photographed beside one of the company's aircraft in the Sunwing hangar at Toronto Pearson International Airport, on Feb 8 2021. ***PHOTOS EMBARGOED UNTIL 8:15am FEB 9 ***
youngmoneyadviser q&a
Young reader asks: I’m moving back home to grow my savings. How can I stay motivated?
Rush hour traffic on the Gardiner Expressway into Toronto. (Fred Lum/The Globe and Mail)
young money
How has the COVID-19 pandemic shifted these four personal finance rules?
A lot has changed during the pandemic. Has your financial situation evolved to reflect that?
report on business
Pitching in: Investment adviser raises $1-million to help low-income families in the Halton region
adam & mark 3[1].jpeg adam doering on the left and mark doering with flower on the right. Adam Doering in Burlington. He’s raising $1-million for the Halton Learning Foundation to help low-income families in the region. He’s raising the money in the name of his brother, Mark, who died of cancer two years at the age of 40. Pitching in for Paul waldie Handout