Canadian card losses stable despite consumer leverage: Fitch

first_img Share this article and your comments with peers on social media Despite ever increasing consumer debt levels, Canadian bank credit card portfolios are not showing any imminent signs of weakness, says Fitch Ratings. The rating agency notes that the significant increase in Canadian household borrowing over the past few years was driven primarily by rising mortgage debt. Other forms of consumer debt also played a part, including auto and instalment loans, it says. “Credit cards, on the other hand, have not played a part in the broader leveraging trend, despite growth in card spending volume, as most Canadians tend to repay their credit card balances in full every month,” it says. Indeed, it reports that Canadian bank card losses have declined meaningfully from their post-crisis peaks. That said, Fitch indicates that it expects Canadian card losses to rise modestly in 2014, “given an expected normalization of personal bankruptcy trends and increased strain on consumers (represented by a rising debt to disposable income ratio).” And, it warns that rising consumer leverage, “does expose card portfolios to a greater risk of loss, particularly in the event of shocks to the Canadian economy, given the relatively high government insurance rates on the banking sector’s mortgage portfolios.” Still, it finds that the banks’ balance sheets would remain robust in the face of rising losses. “We conducted a stress test on the card portfolios of the largest six Canadian banks, using net chargeoff ratios between 7% and 13%, to gauge the impact of a credit shock on banks’ regulatory capital… ratios,” it says. “We found that capital ratios remained solid, even under the most severe stress.” Missing out on debt deferrals cost Canadians billions Keywords Credit cards James Langton center_img Related news Consumer debt driven by new mortgages, but credit card debt at six-year low Households face tougher months ahead: Fitch Facebook LinkedIn Twitterlast_img read more

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Appeal for Calderdale residents to tackle invasive plant species to protect local environment and reduce flood risk

first_imgAppeal for Calderdale residents to tackle invasive plant species to protect local environment and reduce flood risk Launching during Invasive Species Week, the campaign calls on residents, gardeners, walkers, joggers, families, landowners and voluntary groups to take simple actions this summer to help prevent the spread of Japanese Knotweed and Himalayan Balsam in the Calder Valley.People can log cases where they see invasive plants on the iRecord app https://irecord.org.uk/app/ as well as take action by pulling out Himalayan balsam.People are being asked to only report Japanese Knotweed, not to pull it out, as there is strict legislation around the control and movement of this plant, and it can propagate from small pieces.Japanese knotweedSally Kelling, flood resilience officer with the Environment Agency, who is coordinating the campaign in Calderdale, said:Invasive species like Himalayan Balsam and Japanese Knotweed have a very negative impact on our environment. It often results in bare river banks in winter increasing the chances of soil erosion, danger of landslides and risks of flooding which is a particular problem for the Calder Valley.Gavin Roberts, volunteer co-ordinator for Calder Future, said:It would be great to involve as many local residents in this campaign as possible to make a big hit on invasive Himalayan Balsam in 2021. Areas where local activists have been pulling balsam over the last years have seen a marked improvement and an increase in native flora coming back after the removal of the balsam, so it really is worthwhile continuing this effort. F /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:campaign, environment, future, Government, Impact, invasive species, Japan, Japanese, legislation, resilience, species, UK, UK Governmentlast_img read more

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Orange CEO re-elected as GSMA chair

first_img Related Previous ArticleTransforming healthcare with 5GNext ArticleIliad closes in on Play deal Author Tags Home Orange CEO re-elected as GSMA chair Orange Ventures injects €30M into new fund Yanitsa joins Mobile World Live as a Reporter based in London. She has more than 5 years’ experience at various media outlets in her home country Bulgaria. She started her career as a political reporter, followed by taking editor roles… Read more Yanitsa Boyadzhieva Orange makes secure cloud pact for French market AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore2 23 NOV 2020 Industry group GSMA announced Orange CEO Stephane Richard (pictured) will continue to chair and supervise the strategic direction of the organisation, with his term extended until the end of 2022.Commenting on the appointment, Richard said “2020 proved what the mobile ecosystem has known for decades: the true relevance of robust and resilient mobile networks”, as connectivity had demonstrated “its ability to support our lives and the economy” while the world has leaned on the industry “like never before”.But Richard outlined a need for operators to increase efforts in closing the global digital divide by introducing “more affordable smartphones and data plans, as well as training and better network infrastructure in rural areas”.Richard will oversee the GSMA board with the support of the organisation’s new deputy chair Rima Qureshi, EVP and chief strategy officer at Verizon. The appointments will run for two years, starting from 1 January 2021.Qureshi pointed to equal access to network technology as “essential for universal growth and vitality” in the future, adding the sector was central to providing technology services to individuals and companies “as they work to become more resilient”.Richard took the reins of the GSMA board in January 2019.Last week, the industry group elected four new board members from KDDI, KT, Telecom Italia and Veon. Subscribe to our daily newsletter Back Verizon shuffles executives GSMAOrangeStephane RichardVerizonlast_img read more

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South Africa to continue investing in education

first_img17 June 2014 The South African government will continue to invest in education and skills development as key conditions for economic growth, President Jacob Zuma said on Tuesday. Delivering his State of the Nation address to Parliament in Cape Town, Zuma said the country needed “engineers, electricians, plumbers, doctors, teachers and many other professionals to build our country’s economy. “Education therefore remains an apex priority for this government. We will continue to promote universal access to education by ensuring that all children between ages 7 and 15 are in school. We will increase the number of Grade 12 learners who can gain entrance to university, moving from 172 000 in 2013 to 250 000 in 2019.” At the same time, he said, the government would continue to fight drugs and substance abuse in schools and communities. “We will also prioritise safety in schools, scholar transport and child health.”Eradicating ‘mud schools’ Zuma said the government would also push ahead with the Accelerated School Infrastructure Delivery Initiative, a national programme to tackle school infrastructure backlogs in the country. The R8.2-billion public-private programme, one of the government’s Strategic Infrastructure Projects (SIPs), aims to eradicate the 496 “mud schools” in the country, and provide water and sanitation to 1 257 schools and electricity to 878 schools, by March 2016. “We opened at least one new school a week in the Eastern Cape last year and will continue to eradicate mud schools and other inappropriate structures,” the President said.New universities He also announced that contractors would be moving on site in September to build South Africa’s two new universities, Sol Plaatie in the Northern Cape and the University of Mpumalanga in Nelspruit. “By January next year, the first intake of medical students will be enrolled at the new medical university in Limpopo,” he added. “In addition, 12 training and vocational education colleges will be built to expand the technical skills mix in the country.” Source: SAnews.gov.zalast_img read more

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Facebook adds new Estimated Daily Results report, upgrades Delivery Insights

first_imgOne of the issues plaguing Facebook Ads’ system over the years has been the struggle associated with mining data and insight from the platform. Facebook has continued to enhance their system, launching an all-new Estimated Daily Results, along with upgrades to Delivery Insights. The changes not only aid in planning, but also shed light on Auction Metrics including overlapping audiences and frequency issues.The major addition in the upgrade is a smart estimating tool called Estimated Daily Results. This can be found within Ad Sets and gives advertisers estimated daily results across a slew of metrics: conversions, video views, bid amounts and more. Advertisers will be able to estimate ad sets in two formats: a budget curve and a slider bar. Similar to AdWords Keyword Planner tool, the slider will allow for input changes that will modify expected results, while the budget curve will update during the editing of a specific ad set.This tool will be quite beneficial for advertisers, as planning for reach and conversions has long been a challenge for Facebook Ads users.The other major change is the Delivery Insights dashboard upgrade. The new metrics will show auction overlap across audiences and how they may affect your spend. Another enhancement is an Audience Saturation metric to show just how your frequency is impacting your campaigns and overall cost per result.These new features are available today in both your Delivery Insights dashboard and when editing campaigns. The slider bar will be rolling out to campaign creation in mid-April. For more, see the official release from Facebook.From our sponsors: Facebook adds new Estimated Daily Results report, upgrades Delivery Insights Related postsLytics now integrates with Google Marketing Platform to enable customer data-informed campaigns14th December 2019The California Consumer Privacy Act goes live in a few short weeks — Are you ready?14th December 2019ML 2019121313th December 2019Global email benchmark report finds email isn’t dead – it’s essential13th December 20192019 benchmark report: brand vs. non-brand traffic in Google Shopping12th December 2019Keep your LinkedIn advertising strategy focused in 202012th December 2019 Posted on 8th April 2017Digital Marketing FacebookshareTwittertweetGoogle+share Facebook adds new Estimated Daily Results report, upgrades Delivery InsightsYou are here: HomeDigital MarketingFacebook adds new Estimated Daily Results report, upgrades Delivery Insightslast_img read more

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Ian Chappell calls for revamped domestic system in Australia

first_imgFormer Australia captain Ian Chappell called for a complete rethink of Australia’s domestic cricket system after the team’s crushing defeat in the ongoing Ashes series in England.Chappell also forecast dark days ahead due to the lack of batting depth in the domestic system. Australia lost the five-match Ashes 1-3 with still a match to be played.”Normally you’d be highly critical of the selection panel for doing that, but you have to have sympathy for the selection panel, because what they would obviously like is a lot of young players churning out runs regularly in first-class cricket, and sadly that’s just not happening,” Chappell was quoted as saying by ESPNcricinfo on Sunday.Also read: What really went wrong for Australia”I think there are some guys there with a lot of skill. But whether they would do any better against the moving ball than what we’ve seen lately – you wouldn’t want to be betting your house on it.”Australia’s major failures in recent years have come when the ball has moved, either in spinning conditions or against seam and swing. Chappell said during his playing days, batsmen were exposed to enough variety in conditions during Sheffield Shield cricket that they had confidence in their techniques when asked to tour countries such as England or India, which he believes does not happen now.”Young players are going to be playing with an IPL contract in mind,” If I can show that I’m a terrific hitter of the ball and I can score at eight an over, that could get me a big IPL contract,” he said.advertisement”So the question you’ve got to ask yourself is, are they developing techniques that make it easier to play in that manner, to score at eight and ten runs an over and be terrific hitters?” Chappell said.last_img read more

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9 months agoWagner back at Huddersfield yesterday for emotional farewell

first_imgWagner back at Huddersfield yesterday for emotional farewellby Paul Vegas9 months agoSend to a friendShare the loveDavid Wagner was back at Huddersfield Town yesterday to say his farewells to staff and players.The Daily Mail says Wagner said an emotional farewell to Huddersfield on Tuesday after returning to the club’s training ground.The German gave a speech to the squad then went round the entire staff to say goodbye.Wagner, who joined the club in November 2015, said in a statement: “I’m sad to be leaving, but I’m immensely proud of what we’ve achieved”.Mark Hudson will step up from his role coaching the Under-23 side to take charge of the first-team against Manchester City on Sunday, and chairman Dean Hoyle will appoint Wagner’s successor in the period afterwards with Huddersfield out of the FA Cup. TagsTransfersAbout the authorPaul VegasShare the loveHave your saylast_img read more

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20 days agoTottenham confirm Hugo Lloris injury

first_imgTottenham confirm Hugo Lloris injuryby Paul Vegas20 days agoSend to a friendShare the loveTottenham have confirmed goalkeeper Hugo Lloris suffered a dislocated elbow during their Premier League defeat to Brighton.The Spurs captain sustained the injury as he landed after dropping the ball on the goal line after only three minutes – a mistake that gave Brighton their first goal in a 3-0 win.A club statement said: “We can confirm that Hugo Lloris sustained a dislocated elbow during today’s match against Brighton.”Our club captain was stretchered off as a result of the injury and will now return to London this evening after being assessed at a local hospital.”Assessment will continue this coming week to ascertain the full extent of the injury and the length of time he will require to undergo rehabilitation.” About the authorPaul VegasShare the loveHave your saylast_img read more

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UNC Drops Cool Hype Video Showing Off The Dean Dome Ahead Of Rivalry Game vs. Duke

first_imgClose-up view of the North Carolina basketball court.CHAPEL HILL, NC – FEBRUARY 17: Brice Johnson #11 of the North Carolina Tar Heels during their game at Dean Smith Center on February 17, 2016 in Chapel Hill, North Carolina. (Photo by Streeter Lecka/Getty Images)On Wednesday night, North Carolina renews its classic rivalry with Duke. UNC is jockeying for position atop the ACC, and playing for a top seed in the NCAA Tournament, while Duke has snuck back into the Top 25 after a few down weeks. The Blue Devils are playing some pretty good ball, while UNC has one of the deepest rosters in the country this season.Ahead of the match-up, UNC released a pretty cool short hype video via Instagram. Tar Heel fans should enjoy it.Duke and UNC tip off from the Dean Dome at 9 p.m. The game will be broadcast on ESPN.last_img read more

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