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Canada’s June Annual Inflation Rises on Housing Costs

Canada’s annual inflation rate rose in June, fueled by higher car and electricity prices, and increased costs associated with housing, the Wall Street Journal reported today. The all-items consumer-price index in June rose 1.5 percent from a year ear ...

Daily Headline - abi_admin - 07/22/2016 - 12:19 - 0 comments

As Rates Sink Around the World, Housing Bubbles Rise

Low interest rates around the world are fueling a familiar threat of housing bubbles, and central bankers in a number of key economies feel powerless to stop them, the Wall Street Journal reported today. The problem is being acutely felt in Canada, w ...

Daily Headline - abi_admin - 07/21/2016 - 12:38 - 0 comments

IFRS Breaking News - May-June 2016

New revenue standard – Rising to the implementation challenge The past two years have seen companies wrestle with implementation issues arising from the new revenue standard. During that period, we’ve gained extensive insight and hands-on exper ...

Resource Article - twallace@abiwor... - 07/14/2016 - 15:55 - 0 comments - 0 attachments

Steelworkers Demand Inquiry Into U.S. Steel Canada's Creditor Protection

Incensed Hamilton steelworkers are calling for a public inquiry into U.S. Steel Canada's bankruptcy protection process, CBC.ca reported. This is the latest move in a long fight the union has spearheaded while U.S. Steel Canada searches for a buyer. ...

Daily Headline - global.abi.org - 07/12/2016 - 23:43 - 0 comments

Legalflyer | July 2016

Welcome to the latest edition of Legalflyer. Brexit and aviation The referendum held on June 23, 2016 resulted in a majority vote in favour of the United Kingdom leaving the European Union. London Partner, Emma Giddings summarises the current leg ...

Resource Article - twallace@abiwor... - 07/12/2016 - 10:04 - 0 comments - 0 attachments

Essar Algoma Stakeholders Trying To Block KPS Bid To Buy Company

Key stakeholders of Essar Steel Algoma Inc. are pursuing a multi-pronged effort to block the purchase of the steel maker by a New York-based private equity fund and a group of lenders, The Globe and Mail reported. Holders of Essar Algoma’s junior and ...

Daily Headline - global.abi.org - 07/11/2016 - 21:12 - 0 comments

Insolvency Filings Spike In Oil-Producing Provinces, Federal Data Show

The slumping oil market is taking a heavy toll on consumers in Canada, new federal statistics suggest, as personal insolvency filings spiked in energy-producing provinces over the past year, CBC.ca reported. Consumer insolvency filings were about five pe ...

Daily Headline - global.abi.org - 07/10/2016 - 21:04 - 0 comments

Postmedia Proposes Restructuring To Wipe Out Nearly Half Its Debt

Canada’s largest newspaper publisher is proposing a restructuring plan that would wipe out nearly half its debt and slash its annual interest payments, easing immediate financial pressure that threatened to turn the company insolvent, The Globe and Mai ...

Daily Headline - global.abi.org - 07/07/2016 - 23:05 - 0 comments

Personal Insolvency Rate Spikes Almost 53% In Alberta

The latest figures show that Alberta's insolvency rate has climbed dramatically since a year ago compared to the national rate, CBC News reported. The total number of insolvencies — bankruptcies and consumer proposals — filed by individuals increase ...

Daily Headline - global.abi.org - 06/29/2016 - 20:15 - 0 comments

Analytics, IFRS 16, cyber security and other key trends

Banking Bulletin: IFRS 16 Many banks lease significant property and equipment for their own use, lease investment property to others, or both. Are you ready for the new lease accounting rules? Read more. (Canada) bankruptcy,insolvency,hea ...

Resource Article - twallace@abiwor... - 06/29/2016 - 11:17 - 0 comments - 0 attachments

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