Canada’s finance minister says it’s not the federal government’s job to build all the houses Canadians need, but it will try to remove roadblocks with a $4-billion fund earmarked to help boost housing construction announced in the budget. Chrystia Freeland told the Greater Vancouver Board of Trade on Wednesday that some of the funding will…
Federal Budget the First Important Moment for Ndp-Liberal Pact, Says Finance Critic
The NDP is watching to see that spending pledges made in a deal with the Liberals are honoured by the government in this week’s federal budget, says a finance spokesman. Daniel Blaikie said the budget is “the first important moment” for its confidence deal with the Liberals, which included a number of NDP policy priorities…
New Florida Law Makes Financial Literacy Class a Requirement for High School Graduation
Florida Gov. Ron DeSantis on Tuesday signed into law a bill that makes it a graduation requirement for high school students to complete a course on financial literacy. Under Senate Bill 1054 (pdf), which gained unanimous approval in Florida’s state Legislature, all public school students entering 9th grade in the 2023-2024 school year and thereafter…
Quebec Finance Minister to Table Budget Today That Is Expected to Address Inflation
Quebec Finance Minister Eric Girard will table a budget today for the 2022-23 fiscal year, just over six months ahead of the provincial election. The budget comes as the Quebec government is facing pressure to help residents cope with inflation and the rising cost of living as it continues to chart a course toward pandemic…
Australian Financial Experts Welcome ASIC’s Warning to Unlicensed Financial Influencers
March 22, 2022
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Financial experts have welcomed the Australian Securities and Investments Commission’s (ASIC) warning to social media financial influencers for providing financial advice and services online without a license. ASIC stated that financial advice and services must be provided by licensees and that social media influencers, often called finfluencers, who provide financial product advice and financial services…
Trudeau’s Emergency Measures Will Accelerate Decentralized Finance’s Importance
Commentary In recent years, the financial sector has become a key target of progressive activists seeking to implement their agenda. Activists have used a variety of methods to persuade and pressure financial institutions to do their bidding. They have successfully pressured the financial sector to adopt standards on environmental impact, social impact, and broader corporate governance, collectively…
Annuities for Dummies
About a month ago I booked a flight to see one of my best friends. Considering that we’re still dealing with COVID-19, I decided to to purchase travel insurance. And, good thing I did. A couple of days before I was to take off, my friend and his family all tested positive. Thankfully, I was…
World Bank Preparing Finance Options for Ukraine: Malpass
February 25, 2022
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WASHINGTON—World Bank President David Malpass said on Thursday the lender stands ready to provide immediate support to Ukraine amid “shocking violence and loss of life,” and is preparing options for fast-disbursing financing. Malpass said in a statement he has mobilized the World Bank Group’s Global Crisis Risk platform to coordinate a response to the invasion…
Is Hong Kong’s Financial Hub Status in Jeopardy?
February 10, 2022
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Commentary If the “Hong Kong security law” couldn’t crater Hong Kong’s financial services industry, perhaps its “zero-COVID” policy could? That’s what the Chinese city is grappling with, as expats within its financial services sector head for the exits due to the city’s draconian quarantine, lockdowns, and restrictions to combat the ongoing CCP virus epidemic. Hong…
EU Watchdogs Call for Rapid Action to Catch up With Digital Finance
February 7, 2022
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LONDON—Rapid action is needed to update how cross-border financial services are scrutinized and consumers protected as the sector becomes digitalized with “Big Tech” playing an increased role, European Union regulators said on Monday. People are turning to social media and using smartphones to buy and sell shares, move money around bank accounts and make payments,…
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