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Canada's approach to bank troubles: Hands off - 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. Has the Canadian government ever owned shares in ...

Treat the cause, not just the symptoms, economists urge - Windsor Star
OTTAWA -- Central bankers, including Bank of Canada governor Mark Carney, Wednesday launched an early-morning, pre-emptive strike in their fight to tame the global financial crisis. Analysts are of two minds of what impact the 50-basis-point cut will ...

Why Britain's PM wants to overhaul the system - Globe and Mail
As the world's foremost banking centre, Britain has more than most at stake in repairing a system that has so rapidly disintegrated. "We regard ourselves as leaders in global finance and I think government has really sought to protect that, to ...

Amica Mature Lifestyles Announces First Quarter Results for Fiscal ... - Market Wire
- EBITDA(1) decreased $1.0 million to $2.5 million. - MARPAS(2) increased 2.1% on a same community(3) basis. - Cash flow from operations(4) decreased $0.3 million to $1.8 million. - Net earnings decreased $0.6 million to $0.5 million. - Per share net ...

Allen-Vanguard stock dives after failed financing - Windsor Star
OTTAWA - Allen-Vanguard Corp. shares plunged Tuesday as investors worried the Canadian security-equipment company won't survive a growing credit crisis. The stock, which traded as high as $11.59 a year ago, fell as low as 37 cents after the maker of ...

Nashville franchise defaults on $40-million loan - Globe and Mail
The Nashville Predators' ownership tangle has taken another twist with the startling admission the NHL team has defaulted on a $40-million (all currency U.S.) loan. If that raises fresh questions about the franchise's viability, Nashville's owners ...

Allen-Vanguard warns it may miss $10M payment - Ottawa Citizen
OTTAWA - Allen-Vanguard Corp. warned today that it could miss a $10-million payment due this month and is asking lenders to relax debt conditions. The company's shares plunged 40 per cent in early trading following the announcement, hitting a new ...

Most want gov't aid for forest industry - New poll comes as companies ... - CNW Group
OTTAWA, Oct. 7 /CNW Telbec/ - The majority of Canadians in all regions of the country agree or somewhat agree that governments should provide financial aid to keep more forest companies from closing. The results of a new poll by Nanos Research for ...

Golisano's offer expected to be over $50 million - ESPN.com
BUFFALO, N.Y. -- Billionaire B. Thomas Golisano has agreed to buy the bankrupt Sabres, all but securing the team's future in Buffalo after eight months of uncertainty, a league source said Thursday. Golisano must seek final approval from U.S ...

Atlantic Mortgage Consumers Confident and Cautious in their Mortgage ... - CNW Group
OTTAWA, March 20 /CNW Telbec/ - Canada Mortgage and Housing Corporation's (CMHC) 2007 Mortgage Consumer Survey shows that 94 per cent of Atlantic Canadians who recently purchased a home are confident their mortgage choice was the best for them ...

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Today's Mortgage Terms starting with O

  • Origination Fee: Fee charged by a lender for administrative costs of processing a loan. It tends to includes the cost of preparing loan documents, checking the borrower's credit history, inspecting the property and might incorporate the cost of appraisal.

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