Shane Pennell

Live Webinar: Personal Lending 101 – A Newcomer’s Guide to Borrowing and Building Credit in Canada

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VitalHub Corp. amended and expanded its existing credit facilities with The Bank of Nova Scotia designed to further strengthen the company’s financial flexibility. Read More: https://lnkd.in/gBy9fD6D #ABFJournal #TopStories #VitalHub #CreditFacilities #GlobalExpansion #TermFacility #RevolvingFacility #CorporateFinance #EconomicTrends

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Attention all Mortgage Broker Owners and Brokers taking their business to the next level! If you're a mortgage brokerage owner or a mortgage broker aiming to elevate your business by opening your own brokerage and adding agents, our DirectPay system is a feature and platform you won't want to miss. Watch this quick little video and send me a DM if you'd like to book a 20 minute call to see our system live and have a full demo.

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“The effect of the Bank of Canada’s recent rate reductions has not yet translated into noticeable relief for small businesses,” said Paul McAdam, senior director of banking and payments intelligence at J.D. Power. “Six in 10 small business customers cite inflationary pressure as a key factor weighing on their financial health."  Additionally, the current economic challenges are exacerbated by a decline in satisfaction with bank services, particularly in problem resolution, new account opening, and automated and assisted online services. More information from the J.D. Power 2024 Canada Small Business Banking Satisfaction Study: https://hubs.la/Q02VyNZs0 #Canada #FinancialServices #Finance #Banking #SmallBusiness

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“The effect of the Bank of Canada’s recent rate reductions has not yet translated into noticeable relief for small businesses,” said Paul McAdam, senior director of banking and payments intelligence at J.D. Power. “Six in 10 small business customers cite inflationary pressure as a key factor weighing on their financial health." Additionally, the current economic challenges are exacerbated by a decline in satisfaction with bank services, particularly in problem resolution, new account opening, and automated and assisted online services. More information from the J.D. Power 2024 Canada Small Business Banking Satisfaction Study: https://hubs.la/Q02VyNZr0 #Canada #FinancialServices #Finance #Banking #SmallBusiness

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Unlock Financial Support for Your Small Business with Business Benefits Finder! 🚀 Are you aware that Innovation, Science and Economic Development Canada | Innovation, Sciences et Développement économiq offers a fantastic tool to help small businesses discover the financial support they may be eligible for? Introducing the Business Benefits Finder – a comprehensive database that includes: 💰 Grants 💼 Funding 💡 Loans/Capital Investments 📈 Tax Credits 👥 Wage Subsidies …and more! By answering just a few simple questions, this tool narrows down thousands of potential programs to those specifically applicable to your business. Key features include: 🔍 Personalized Results: Tailored recommendations based on your business needs. ⏱️ Time-Saving: Quickly identify applicable programs without extensive searching. 🌟 Diverse Support Options: Access a wide range of financial assistance programs. Explore the tool here: https://lnkd.in/gCjGNMw7 This is an invaluable resource for small businesses looking to tap into the financial support and grants available to them. Don't miss out on the opportunities that could help your business thrive! 🔄 Help us spread the word! If you found this information useful, please like, share, and comment below. Your engagement can help other small businesses discover these valuable resources! #SmallBusiness #BusinessFunding #CanadianBusiness #Entrepreneurship #Grants #FinancialSupport #InnovationCanada #BusinessGrowth #FundingOpportunities #SupportLocal #SmallBizSupport

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Majority of post-secondary students 'financially unstable' according to new survey Parents of students were also surveyed, and almost all of them said they provide financial support for their kids, with more than half providing a "significant amount of support." The majority of parents also think their kids’ budgeting habits need to improve. The survey found parents want to see better spending habits, improved financial literacy, less reliance on parents, and use financial tracking apps. http://spr.ly/6047WEztl.

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Looking to accelerate your wealth growth? Start investing early, reinvest your gains, and work with a professional financial advisor to maximize your returns. These steps can significantly boost your financial journey. At Dhinsa Wealth Financial Planning Services, our experts are ready to help you grow your wealth faster and more efficiently. 📍 Serving Ontario, Alberta, British Columbia, and NovaScotia. 💼 Schedule a free consultation today and discover the secrets to rapid wealth growth. #WealthGrowth #InvestEarly #FinancialPlanning #DhinsaWealth #Ontario #Alberta #BritishColumbia #Manitoba #FinancialAdvice #WealthManagement

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Bottom Line Economists are divided on whether the Bank of Canada will cut by 25 or 50 basis points on December 11. The October inflation data, released on Tuesday, November 19, will become all the more critical. The numbers are expected to be good, meaning low, but not as low as the 1.6% y/y inflation rate posted for September, driven down by the marked fall in gasoline prices. Monetary policy remains overly restrictive as the 3.75% overnight policy rate remains well above the inflation rate. We expect the overnight rate to fall to 2.5% by April or June of next year. This should continue to boost housing activity, which picked up significantly in October. Full data for October housing nationwide will be released next week on Friday, November 15. All signals bode well for a sharp increase in housing activity by the spring, if not markedly sooner. 

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With Budget 2024 formalizing Open Banking in Canada, change is coming for many businesses and financial institutions. It’s important not to fall behind. In our latest blog, we break down some of the key elements of Canada’s Open Banking Framework included in Budget 2024 to help businesses and financial institutions better understand what this new financial landscape will look like and how they can best prepare for it. Take a look 👉 https://lnkd.in/eNJC4-TK  #OpenBankingCanada #Budget2024 #fuelledbyflinks

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Are you thinking about opening a Tax-Free Savings Account (TFSA)? Here’s what you need to know! You can have more than one TFSA, but your total contributions across all accounts must stay within your annual limit. To open a TFSA: ✅ Contact your financial institution, credit union, or insurance company. ✅ Provide your SIN and date of birth. They might ask for additional documents. Be sure to provide accurate info! Incorrect details could prevent your TFSA from being registered, and any earnings may become taxable. Types of TFSAs: Deposit Annuity contract Arrangement in trust You can also choose a self-directed TFSA to manage your own investments. Eligible individuals are 18 years or older and hold a valid SIN. Non-residents can open a TFSA but may be subject to a 1% tax on contributions while non-resident. For more info or questions, contact us today. We are here to help you!

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In this edition of the Optimize Weekly Market Recap, our Portfolio Manager, Josh Brown, discusses the Bank of Canada's inclination toward a rate cut amid cooling inflation, the robust consumer spending evident in U.S. Q1 GDP, and how a surge in tech earnings is bolstering investor confidence. (Source: Refinitiv - Optimize) https://lnkd.in/gqXmAr9v #OptimizeWealthManagement #Optimize #OptimizeWealth #FinancialPlanning #PortfolioManagement #FinancialProfessionals

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Unlock the secrets to financial freedom with #LCBC in partnership with Sun Life on May 2nd (5 pm). #LCBCAdapt (Online Training) - Learn to Manage and Protect Your Savings ✅ Learn how to craft a solid financial plan ✅ Discover the types of accounts for managing your savings ✅ Understand how to protect your assets 🎟 Admission is FREE! Don't miss out on this opportunity and secure your spot now at https://bit.ly/LCBCAdapt3 #LCBCAdapt #SUNLIFE #FinancialPlanning #SavingsManagement #AssetProtection

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These mukluks are part of Scotiabank’s Truth & Reconciliation Action Plan — they represent a path towards a hopeful future. Learn more about how Métis artisan Heidi Houle created these works of art:

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