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G7 aims to raise $600-billion to counter China’s Belt and Road project

US President Joe Biden speaks next to Prime Minister Justin Trudeau and German Chancellor Olaf Scholz on the first day of the G7 leaders’ summit held at Elmau Castle, Germany, on June 26.JONATHAN ERNST/AFP/Getty Images Group of Seven leaders on Sunday pledged to raise US$600-billion in private and public funds over five years to finance …

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Rising rates and cooling market increase financial risk of home renovations

Hillary and Andrew Strack-Cheng with their kids Leland and Juniper in their home on June 22.Cole Burston/The Globe and Mail Home renovations can be unpredictable and anxiety-laden at the best of times. But soaring costs, rising interest rates, cooling home prices and uncertainty about Canada’s economic outlook are increasing the financial risks associated with a …

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Imperial Oil joins E3 on pilot project to extract lithium in Alberta

The Imperial Strathcona Refinery which produces petrochemicals is seen near Edmonton on October 7, 2021.TODD ​​KOROL/Reuters Imperial Oil Ltd. has joined a pilot project to extract lithium in Alberta, lending its energy expertise in the quest to recover the critical mineral from a once-prolific oil formation. Calgary-based Imperial said on Thursday that it is investing …

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Should investors be looking for discount stocks as prices deflate?

Is the stock market now cheap? After the painful declines of the past few months, it may appear so. But appearances can be deceiving. A more realistic view is that Canadian and US stocks have shaken off their pandemic-era silliness and are no longer trading at wildly inflated prices. They still have a way to …

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Canada needs 5.8 million new homes by 2030 to bring prices down to affordable levels, CMHC says

New homes are built in a housing construction development in the west-end of Ottawa on May 6, 2021.Sean Kilpatrick/The Canadian Press Canada needs an additional 5.8 million homes by the end of the decade to help lower average home costs and ensure households are not spending more than 40 per cent of their disposable income …

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Toronto’s BlueCat sells for $700-million plus amid slew of deals for Canadian tech firms

BlueCat co-founders Richard Hyatt, left, and Michael Hyatt._Beyond Infiniti Photography/Handout Toronto network security vendor BlueCat Networks has been purchased by an American private equity firm for more than $700-million, one of a flurry of Canadian technology takeovers announced this week. The purchase by Audax Private Equity comes five years after US private equity firm Madison …

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Rising interest rates have brought back the 5 per cent GIC

We’ve hit a milestone in conservative investing – a 5 per cent return from guaranteed investment certificates. Oaken Financial, an online player in financial services, says it will offer 5 per cent for a five-year term starting Friday. The new rate for the one-year term seems a milestone as well: 4.05 per cent. Rising interest …

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Bank of Canada needs more restrictive interest rates to control runaway inflation

People shop at a Walmart Supercentre in Toronto on March 13, 2020. Canadian inflation accelerated to the highest rate in nearly four decades in May as calls broaden for policy-makers to find new ways of curbing runaway price growth.CARLOS OSORIO/Reuters With every new inflation report, the job facing the Bank of Canada gets that much …

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12 outperforming TSX dividend stocks with low levels of ESG risk

What are we looking for? Outperforming Canadian stocks that have low levels of ESG risk. The screen Given the rocky Canadian markets of late, younger investors, who are often enthusiastic equity consumers of newsfeeds and social media, are reminded that what may appear to be the end of the world today will likely seem like …

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