CashNews.co Blockchain uses secure encryption and, with additional security layers applied to it, sensitive data can be read only by relevant parties. What must be in place to confirm that the blockchain is tamper-proof? Blockchain is tamper-evident, so if fraudulent transactions and tampering were to occur, the blockchain is very efficient at flagging it immediately […]
CashNews.co Younger Canadians’ median net worth grew dramatically between 2019 and 2023, propelled by a significant rise in home ownership, according to new data from Statistics Canada. Results from the 2023 cycle of the agency’s Survey of Financial Security show the median net worth of Canadian families where the highest earner was under 35 years […]
CashNews.co Estimates show that 75% of the infrastructure that will be in place in 2050 does not exist today. This is why it is important to get your infrastructure strategy put together and implemented as soon as possible. Infrastructure investment and sustainable development are top priorities for governments globally. Rapid urbanization and population growth are putting […]
CashNews.co Canada Post has presented its latest contract offer in labour negotiations with the Canadian Union of Postal Workers (CUPW) less than a week after the union received a strike mandate from workers. In a bid to reach a new deal without a labour disruption, the latest proposal includes annual wage increases amounting to 11.5 per cent […]
CashNews.co Running a business comes with unique financial challenges, whether you’re just starting out or already scaling. Many entrepreneurs face barriers accessing the financial tools they need from traditional banks, including slow processes, poor or unestablished credit, or the lack of tailored products for online businesses. In fact, more than one-quarter of small businesses do […]
CashNews.co MONTREAL — Air Canada says it’s increasing its service to China including daily flights to Beijing. The airline says it’s resuming daily flights from Vancouver to the Chinese capital starting on Jan. 15. Air Canada is also increasing the frequency of its flights from Vancouver to Shanghai to daily starting Dec. 7. The airline […]
CashNews.co It’s not often that the Bank of Canada decides to make a “jumbo” rate cut, but that’s exactly what it did last week when it cut its policy rate by 50 basis points to 3.75 per cent. A “jumbo” or “oversized” rate cut is a term used to describe moves of more than 25 […]
CashNews.co Bank of CanadaOpening Statement before the House of Commons Standing Committee on FinanceGood afternoon. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of….2 hours ago Read More #cashnews #Canada #finance
CashNews.co I do love how banks announce lower returns on savings by saying their interest rates are “changing.” EQ Bank used that phrasing it an e-mail I received after the Bank of Canada lowered its overnight rate last week by half a percentage point, and so did Wealthsimple. EQ will pay 2 per cent on […]
CashNews.co The Canadian dollar is at risk of falling to lows only seen during big economic shocks as forces once again line up against the currency, economists warn. The Bank of Canada cut its interest rate by half a percentage point this month, widening the gap between it and the United States Federal Reserve, which […]