Month: March 2014

Do you have money you forgot about?

The Bank of Canada is currently holding over five hundred million dollars that have accumulated from dormant bank accounts from across the country over the years. More than 93 per cent of the unclaimed accounts total less than $1,000. And the oldest balance dates back to 1900. Here’s how it works. If no one claims…

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Lipstick on a Pig – Declining Bankruptcies

The Alberta Treasury Branch (ATB) earlier this month penned with glee that personal bankruptcies in Alberta are at its lowest point in nearly a quarter of a century (that sounds like a far longer time than 25 years).  The ATB opines that “the steadily falling rate of bankruptcies can be attributed to a strong economy,…

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