Tag: money

News

Economists Applaud Conservative Win In Greece

The conservative party won the election in Greece last Sunday and around the world, economists and other people involved with the world’s money heaved a collective sigh of relief.

If another party had won the election, many people were predicting that Greece might stop using Euros as its currency.

That move would likely have affected many countries around the world including those in Europe and North America.

Lighter News Politics

A Penny Saved Is A Penny Spurned

The Canadian penny will soon be a thing of the past—like the Canadian one-dollar and two-dollar bills. The loonie and the toonie replaced those bills in 1987.

In its last budget, the government said the Royal Canadian Mint will stop making pennies starting this Fall, and that stores will stop using them.

Everyone is asked to return their pennies to a bank; they will be melted down and recycled.

Pennies will always be worth one cent. However, there will be fewer and fewer of them out there as the years go on.

Any prices that don’t end in a zero or a five (in other words, purchase we can use nickles, dimes or quarters for) will be rounded up or down to the nearest zero or five.

News

Updates On Two Of Our Breaking Stories: Montreal And Royals

University students continue to protest in Montreal.

The students had started out protesting a tuition hike.

However, the protests have grown and broadened to be about more than tuition.

The Royal Visit — Charles, the Prince of Wales, and his wife Camilla, the Duchess of Cornwall, are touring Canada.

They are taking a four-day tour of the country to commemorate the Queen’s Diamond Jubilee.

News

More Money Problems For Greece

The debt problem in Greece is causing problems for the country again. And, once again, there is fear these money problems could spread to other countries around the world.

This time, some people in Greece have begun taking all their money out of the country’s banks because they’re worried about what will happen to the value of their money if Greece stops using the euro.

The euro is a currency, like the dollar, and it is used in many countries in Europe.

But Greece has borrowed a lot of money that it is having trouble paying back, and there have been talks about whether Greece should be allowed to keep using the euro.

Breaking News News Politics

University Students Protest Tuition Hikes in Quebec

University students in Quebec have been protesting.

They have been told that the government is going to raise their tuition fees. In this case, “tuition fees” are the fees people pay to attend university.

Traditionally, Quebec has some of the lowest tuition fees in Canada. Only students in two provinces: Newfound and Labrador and Manitoba, pay less to attend university.

However, the increase will be the largest in the province’s history. The government intends to raise tuition by $1,625 by 2017. Students will pay $325 more each year for the next five years.

Student groups say the increase doesn’t go towards improving the quality of the teaching, and the hikes will force some students who can’t pay the extra money to drop out of school or take a second job. They worry that students who come from low-income families won’t be able to afford higher education.

News Politics

Europeans Say No To Spending Cuts

Two countries in Europe had important elections last weekend – France and Greece. Both elections went against the conservative parties in power.

Experts are saying this could be a sign that more countries in Europe will protest against spending cuts by voting out current governments.

In France a new party and a new president were elected.

Francois Hollande is the head of the Socialist Party, and he was elected president, over incumbent Nicolas Sarkozy. (Incumbent means “currently in power.”)

News

Canada The World’s Fifth Happiest Country

Canada is the fifth happiest country in the world.

That’s according to a World Happiness Report, released earlier this month by the United Nations.

And out of everyone in Canada, people in Quebec are the happiest of all.

Just four countries, all from Europe, beat out Canada. In order, they are Denmark (happiest of all), then Finland, Norway and the Netherlands.

Breaking News News Politics

Canada’s Plan To Balance Its Budget By 2015

Last week Canada’s Finance Minister, Jim Flaherty, spent $138.98 on a new pair of black dress shoes.

Why? Because he was announcing a new budget.

Flaherty is in charge of presenting Canada’s budget, which is why he bought the new shoes.

It’s a tradition in Canada that the Finance Minister wears new shoes to present the budget.

According to Wikipedia no one really knows why, but it’s something most Canadian Finance Ministers have done since the 1960s. It’s a tradition.

This year, the federal government structured its budget to reduce Canada’s annual deficit to zero by 2015.

A deficit happens when a government spends more than it collects in a year.

News

Candy, Coins Scattered Across Highway After Truck Accident

Millions of dollars worth of coins, and a load of candy, were scattered along the Trans-Canada Highway and in the bush in northeastern Ontario on Wednesday.

A Brink’s tractor-trailer truck was driving along Highway 11 north of Kirkland Lake, when it hit a rock cut.

In this case, rock cuts are steep, rocky cliffs on either side of the highway created when a highway is carved through a hill.

They are common in northern Ontario.

Breaking News News Politics

Greece To Get New €130B Bailout

Greece was in trouble because it took on too much debt.

But other countries have agreed to help Greece by lending the country more than 130-billion euros. Euros (€) are the units of money used in 17 countries in Europe including Greece, France and Germany.

The countries that have agreed to bail Greece out of its money problems are demanding something in return. They are insisting that the government of Greece spend less.