Toronto Mortgage Refinance and Information Online from competing Lenders

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Teck slashes spending, sells assets to pay down debt - Vancouver Sun
TORONTO -- Teck Cominco will slash spending, sell assets, withdraw from the Petaquilla copper project in Panama and suspend dividend payments under a sweeping plan to cut debt generated by its acquisition of Fording Canadian Coal Trust, the company ...

Teck cuts dividend, sells assets to pay down debt - Saskatoon Star Phoenix
TORONTO (Reuters) - Teck Cominco will slash spending, sell assets, withdraw from the Petaquilla copper project in Panama and suspend dividend payments under a sweeping plan to cut debt generated by its acquisition of Fording Canadian Coal Trust, the ...

UPDATE 4-Teck cuts dividend, sells assets to pay down debt - Reuters
TORONTO, Nov 20 (Reuters) - Teck Cominco (TCKb.TO: Quote , Profile , Research , Stock Buzz ) will slash spending, sell assets, withdraw from the Petaquilla copper project in Panama and suspend dividend payments under a sweeping plan to cut debt ...

Semcan Inc. Announces Asset Acquisition and Bridge Loan - CNW Group
TORONTO, Nov. 17 /CNW Telbec/ - Semcan Inc. (TSX VENTURE: STT) ("Semcan") is pleased to announce that it has acquired certain assets of the ZMI/Portec division of The Conveyer Company, an Iowa corporation which had been in voluntary bankruptcy, for ...

Teck Drops to Lowest in 20 Years After Dividend Cut (Update2) - Bloomberg
Nov. 20 (Bloomberg) -- Teck Cominco Ltd. , Canada's largest diversified miner, dropped to the lowest price in 20 years after announcing it would halt dividends and cut spending to repay debt from last month's purchase of Fording Canadian Coal Trust ...

Teck Cominco halts dividends, cuts capital spending by $730M; stock ... - 680 News
VANCOUVER, B.C. - Teck Cominco Ltd. (TSX:TCK.B) is suspending dividends, slashing capital spending and selling assets to save more than a billion dollars as it struggles under a massive debt load. The major zinc, copper and coal miner said the ...

AbitibiBowater announces amendments to subsidiaries' credit facilities - CNW Group
US$ ABH (NYSE, TSX) MONTREAL, Nov. 14 /CNW Telbec/ - AbitibiBowater Inc. today announced that its subsidiaries Bowater Canadian Forest Products Inc. ("BCFPI") and Bowater Incorporated ("Bowater") as well as the other parties to Bowater's U.S. and ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Sometimes it takes a world-wide economic meltdown to remind you of how good you had it. It was just so for THL — former Thomas H. Lee ...

TSX losers and winners since the June peak - Globe and Mail
As the global financial crisis deepens, Report on Business writers examine and explain the turmoil in credit and stock markets. Here, we answer your questions daily, with the most recent at the top. What is the worst-performing stock on the S&P/TSX ...

Top Productivity-Enhancing Tools - Forbes
Scott and Steven Balough's Mar-Bal hit its stride after the two brothers took over the Chagrin Falls, Ohio-based manufacturer of industrial materials for the likes of Whirlpool and General Electric . Annual revenue hit $47 million last year, up four ...

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Today's Mortgage Terms starting with S

  • Second Mortgage: An additional mortgage that has rights that are secondary to the first mortgage.
  • Seller’s Market: Market conditions that are favorable to sellers. There are more buyers than properties available for sale. The buyers may be forced to compete and pay more for the same property.
  • Settlement Costs: Money paid by the borrowers and sellers to complete the closing of a mortgage.
  • Settlement Cost (HUD Guide): HUD publishes a booklet that gives an overview of the lending process and is given to consumers after completing their loan application.

    View all Terms
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