Go to Main Content

Advertisement

By Stefania Di Verdi on August 2, 2012
Estimated reading time: 1 minute

Your money: Food prices, ING accounts and more

By Stefania Di Verdi on August 2, 2012
Estimated reading time: 1 minute

A new era of food inflation, ING Direct looks for a suitor and rookie homebuying mistakes.

Advertisement

Get ready for a new era of food inflation, warned the chief executive of Canada’s Maple Leaf Foods recently. Severe drought in the U.S. has scorched corn, soy and wheat crops. That will in turn raise the cost of other products in the food chain, including meat, Michael McCain said.
Dutch bank and insurer ING is considering the sale of its online banking businesses in the UK and Canada. It’s still unclear who, if anyone, has come forward as a buyer for ING Direct or what it will mean for its 1.8 million Canadian account holders. “There would be several Canadian banks interested,” especially Bank of Nova Scotia and National Bank of Canada, Bloomberg quoted a Credit Suisse analyst as saying.
TD recently polled homeowners to find out what they would change about their first home-buying experience. If they could do it again, 60% would make a larger downpayment, 60% would be more thorough when budgeting and 55% would have bought sooner. Here’s an infographic on things rookie house-hunters should consider:

Comments Cancel reply

Advertisement

Related Articles

MoneySense at the MoneyShow: ETFs & Investing Strategies

Here’s how to get your free ticket to attend the MoneyShow virtual expo.

MoneySense at the MoneyShow: ETFs & Investing Strategies

Why are mortgages so expensive in Canada?

Why are mortgages so expensive in Canada?

A for rent sign outside a home in Toronto

Where are rent prices headed in Canada?

A new Desjardins report predicts rent inflation will slow in the next few years.

Where are rent prices headed in Canada?

A middle-aged couple dance in their new condo

Cash Allocation

Your home sold—now what?

Your home sold—now what?

A smiling young woman takes a selfie in her new home.

Unsure about buying a home? Why you should open an FHSA now anyway

Unsure about buying a home? Why you should open an FHSA now anyway

What to know as Canada’s capital gains tax changes remain in legal limbo

The federal government’s capital gains inclusion rate increase has yet to become law. There’s a slight chance it may...

What to know as Canada’s capital gains tax changes remain in legal limbo

Three loonies sit on a map on the Canadian-U.S. border

How Trump’s election win could affect interest rates in Canada

Experts say Donald Trump’s promised policies risk higher inflation and could weigh on the Canadian dollar.

How Trump’s election win could affect interest rates in Canada

A young woman surrounded by moving boxes in her new home

Looking for a mortgage in B.C.? Don’t limit your options to the big banks

Looking for a mortgage in B.C.? Don’t limit your options to the big banks

Why are Canadians still frustrated with the economy?

Inflation is down, wages are up. But the economic recovery has been uneven, with “two contradictory trends” shaping Canadians’...

Why are Canadians still frustrated with the economy?

A Canadian retired couple walking together on a street, thinking about decumulation.

What is Sun Life’s new decumulation product?

While not guaranteed like an annuity, MyRetirementIncome is a flexible and simple financial product for those needing to convert...

What is Sun Life’s new decumulation product?