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Mortgages: Befriend your bank
It’s been a busy year for Dan Mass, a Calgary-based broker with Canada First Mortgage. Besides his usual workload, he’s had to deal with a number of clients who have either had their homes foreclosed or have concerns that they won’t be able to pay their mortgage bills. “We’ve seen defaults rise this year for sure,” he says.
While Canada isn’t facing U.S.-style delinquency rates—the...
Keeping your portfolio from tumbling as the loonie climbs
When the Canadian dollar reached parity with the greenback in September 2007, U.S. border crossings were jammed. Deal-seeking Canadians braved four-hour waits just to get 20 bucks off a pair of Banana Republic khakis — and who could blame them? The last time the currencies were equal was in 1976. But, while giddy consumers ransacked U.S. malls, many Canadian investors watched in horror as their portfolio...
Bryan Borzykowski is a Toronto-based writer and editor working mainly for business publications. He writes for the New York Times, Canadian Business magazine, Globe and Mail, Bloomberg Businessweek Custom Publishing, Toronto Star, MoneySense and more. Bryan's the editor of Review magazine and is a senior editor with Connected for Business magazine. He's also a contributing writer with Hello! Canada and was once a weekly music columnist for Metro News. He's been nominated for several National Magazine Awards and he's co-authored