Finance (Personal)

Bank rate to remain steady

The Bank of Canada elected March 10 to maintain its benchmark overnight lending rate at 0.25 per cent. It also committed to holding the rate there until inflation is consistently above two per cent, which the bank doesn’t expect until sometime in 2023. [node:read-more:link]

Economic Insecurity is a Global Crisis

Economic security promotes happiness, and is beneficial for growth and social stability. This is a central finding of a new ILO report, which attempts for the first time to measure social and economic security of individuals and countries around the world. [node:read-more:link]

Huge data breach in Ecuador

Personal information on potentially every person in Ecuador have been posted online after a massive national data breach. More than 20 million files, including those involving an estimated seven million minors, evidently were exposed. Ecuador’s official population is 16.5 million. [node:read-more:link]

Money-laundering mounts up

The Angus Reid Institute says the vast majority of Canadians see money-laundering as a critial issue in the aftermath of an expert panel’s conclusion that the annual flow-through could be nearly $50 billion. The last federal budget proposed several countermeasures but many Canadians evidently feel the government is not being aggressive enough. [node:read-more:link]

Financial data breach tags Canadians

Capital One Financial Corp. confirmed July 29 that personal data on some six million Canadian customers – including names, addresses, phone numbers and about one million social insurance numbers – were among those obtained by a hacker. The U.S. Justice Department says a former employee of a Seattle-based technology company has been arrested. Capital One, headquartered in McLean, Va., says it became aware of the hack July 19. [node:read-more:link]


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