Bank of Cyprus Big Savers to Lose up to 60%

Bank of Cyprus Big Savers to Lose up to 60%Large depositors at Cyprus’ largest bank may be forced to accept losses of up to 60 per cent, far more than initially feared under the European rescue package to save the country from bankruptcy, officials said Saturday. Deposits of more than 100,000 euros ($128,000) at the Bank of Cyprus would lose 37.5 per cent in money that would be converted into bank shares, according to a finance ministry decree obtained…

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Shopping Leads to More Shopping

Shopping Leads to More ShoppingEver notice how sometimes when you go shopping for one thing, you end up bringing home four or five other things? How many times have you heard, “I only came in for…” at the check-out? Stanford University did some studies about how shopping can lead to more shopping. It seems that buying that fateful first item sets you on a shopping track that can end with you spending far more…

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Canada – A Nation of Debt, A Nation of Prosperity

Canada - A Nation of Debt, A Nation of ProsperityCanadian now owe almost two-thirds more in debt than they use, or have available, for available income according to Statistics Canada.  For 2012, the rise in debt was higher in every category with mortgage and consumer debt surpassing a combined $1.6 trillion. As Canadians continue to enjoy spending without restraint or apparent interest in saving the debt rose 5.5% higher int he last three months of 2012.  Not all is…

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Failure to File Taxes Could Bankrupt You

Failure to File Taxes Could Bankrupt YouIt’s better late than never when it comes to your taxes. If you haven’t done your taxes for a year or two — or more — “get on it before CRA gets on you,” says tax expert Evelyn Jacks. The author of books such as Jacks on Tax and Essential Tax Facts says you may face big penalties and interest charges for procrastinating. “If you voluntarily comply — that is,…

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Wine Industry Growing as Investment Option

Wine Industry Growing as Investment OptionIf you love Niagara ice wine or Okanagon merlot you may be sipping in a good investment idea. A recent BMO report shows Canadian vineyards are poised for five solid years of growth. Why? Canadians are drinking more domestic wine and willing to pay premium prices for it. As well Canadian wineries are exporting more of their product than ever before. All of this is adding up to a boon…

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