Keep the Bank of Canada out of the digital currency playing field

Central banks – try as they might – can’t create genuine cryptocurrencies and should learn to live with rising competition

Keep the Bank of Canada out of the digital currency playing fieldState digital currencies that attempt to emulate private cryptocurrencies are doomed. Not only will they fail in terms of adoption, despite having the state behind them, they will fail in terms of the objectives that drive alternative currencies. The rise of cryptocurrencies, particularly bitcoin, has caught the attention of central banks and financial regulators. Given…

Millennials face challenges dealing with inheritance

Shawnette Fraser of TD Canada Trust says its important to remember that there are emotions at play

Millennials face challenges dealing with inheritanceShawnette Fraser is district vice-president of Calgary North for TD Canada Trust. How big of a market is the millennial generation these days for Canadian financial institutions? Fraser: Millennials make up a large portion of our population, and as customer service-based business we need to be looking to how we can best support them in their…

Can we avoid another financial crisis?

We need to embrace intangible assets. And the lending world and investors need to free up funds to support intangible creators

Can we avoid another financial crisis?Could intangibles help avert the next financial crisis? Yes. And they'd better, because the train of global prosperity is about to jump the track and intangible assets are the only possible salvation. Today's headlines are depressing. There's a constant stream of negativity led by U.S. President Donald Trump's assault on the North American Free Trade…

Was the 2008 financial crisis exacerbated by official misjudgment?

Countries as disparate as Ireland, Iceland and Greece showed that misplaced financial exuberance has many pedigrees

Was the 2008 financial crisis exacerbated by official misjudgment?We were on a train from London to Edinburgh when the financial crisis erupted in September 2008. The newspaper headlines were downright lurid and the detailed stories provided little comfort. A financial catastrophe was about to descend on all of us. As relatively recent retirees, we felt particularly vulnerable. There’d be no time or opportunity…

BDC broadens support for entrepreneurs

The development bank is deploying $700 million to increase financing for the most promising Canadian clean-tech firms

BDC broadens support for entrepreneursA record 56,000 entrepreneurs receive support from the Business Development Bank of Canada, a 14 per cent increase from last year, according to the BDC’s 2017-2018 annual report released on Thursday. “The ambition, agility and creativity of entrepreneurs inspires us to go further, faster – because when entrepreneurs succeed, Canada succeeds. We not only boosted…

China using its monetary policy as a weapon of war

China is conquering the world by creating money when it needs it and simply absorbing debt. Perhaps we should be copying them

China using its monetary policy as a weapon of warThe United States military believes we're losing the Third World War to China. According to U.S. Secretary of the Navy Richard V. Spencer, not only has that war started, but it’s unlike any conflict in history. “When it comes to China, the bottom line there is the chequebook,” he says. According to military leaders, this…

Quit blaming workers for rising inflation

By raising interest rates, central bankers are moving away from one of their prime purposes: to maximize employment

Quit blaming workers for rising inflationFinancial markets were in a tizzy last week. The Dow Jones industrial average wobbled, falling over 1,500 points in near-panic selling over several days. And then, as if on cue, stock markets all over the world were soon 'correcting' with the Dow. What caused markets to fall? According to the experts, there were several root…

Grand opening for new Luseland Credit Union draws crowd

Building brings new conveniences to members, including onsite ATM, access to an investment rep and even an AED

Grand opening for new Luseland Credit Union draws crowdKenneth Brown of The Crossroads The Luseland Credit Union has moved into its new building. The credit union’s board and staff showed off the new office at a public event last week. A grand opening with a ribbon-cutting ceremony was held on Jan. 10 at the Luseland Credit Union. The brief program included a lunch…

Staying ahead of threats to cyber security

A not-so-distant future could see blockchain automatically put in place a retaliatory tariff or assemble a dispute resolution panel

Staying ahead of threats to cyber securityBy Brennen Schmidt ALEUS Technology Group and Allan Bonner Troy Media columnist Studying and working in the area of cyber security keeps us alert – and as things rapidly change, alertness is ever more important. It was good to hear of the scanning machine that makes a digital copy of all receipts for later viewing…

Mainstream media is full of fake news

Few realize the extent to which the financial establishment uses fake news to fool the public

Mainstream media is full of fake newsAccording to a growing army of critics, the mainstream media is unintentionally circulating fake news. Globe and Mail editor Evan Annett believes fake news has become a serious problem. Why? Because it's "media that’s custom-made to fool you." Establishing the truth of a news story is difficult enough, but with the rise of social media,…