Interest on government farm loans could be reduced

Interest on government farm loans could be reduced

Deputy Kirsten Morel has proposed reducing interest on agricultural loans from 6.5% to 3% [BBC] Farmers in Jersey who borrow money from the government may not have to pay as much interest in future if draft regulations are approved. Deputy Kirsten Morel, Minister for Sustainable Economic Development, proposed a reduction of interest on agricultural loans…

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Fixed vs variable loans in a rate-cutting era

Fixed vs variable loans in a rate-cutting era

REGINA, SK, June 10, 2024 /CNW/ – With the Bank of Canada lowering its key interest rate, now is a good time for farmers, agribusiness operators and food processors to begin reviewing their financial strategies says FCC’s Manager of Economics, Krishen Rangasamy. Farm Credit Canada (CNW Group/Farm Credit Canada) On June 5, the Bank of…

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MLBPA Accuses Bad Bunny’s Agency of Offering Players 0K Loans, NBA Tickets, More | News, Scores, Highlights, Stats, and Rumors

MLBPA Accuses Bad Bunny’s Agency of Offering Players $200K Loans, NBA Tickets, More | News, Scores, Highlights, Stats, and Rumors

Alexander Tamargo/WireImage Rimas Sports, the agency founded by rapper Bad Bunny, has been accused of several violations involving MLB players they did not represent. Per The Athletic’s Evan Drellich, the MLB Players Association accused the agency of committing “a series of grave violations” that includes offering an unnamed player an interest-free loan of $200,000, suite…

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FLINT extends maturity date of Credit Facility, Term Loans and Senior Secured Debentures

FLINT extends maturity date of Credit Facility, Term Loans and Senior Secured Debentures

Article content CALGARY, Alberta, May 31, 2024 (GLOBE NEWSWIRE) — FLINT Corp. (“FLINT” or the “Company”) (TSX: FLNT) today announced that it has extended the maturity dates of (i) its Asset-Based Revolving Credit Facility with The Toronto-Dominion Bank that provides for maximum borrowings of up to $50 million to April 14, 2027 (previously April 14, 2025), (ii)…

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CIBC offloading U.S. office loans at a discount

CIBC offloading U.S. office loans at a discount

Article content Canadian Imperial Bank of Commerce struck agreements to sell US$316 million of office loans in the United States at a discount. The bank reached deals with multiple buyers for loans backed by eight U.S. offices in cities including San Francisco, Seattle, Phoenix and Austin, according to a person with knowledge of the matter,…

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