Finance

Buying an iPhone from Apple in Canada gets more expensive with interest

Published

1 year ago

June 28, 2023

Press Room

Buying an iPhone from Apple in Canada gets more expensive with interest

Financing an iPhone in Canada costs more

Affirm has killed off Canada’s last option for interest-free financing through Apple programs.

According to an Apple webpage, Affirm has taken over as the finance provider and interest rates apply. When purchasing an iPhone, interest rates are set to 7.99% over 24 months, while iPad and Mac are set at 4.99% over 12 months.

Apple provided an example for how interest would affect the final price when buying an iPhone. If an iPhone costs $1,099, the customer would pay $93.79 over a 24-month period if minimum payments of $49.70 were made.

Click to comment

Finance

Finance Ministry and Histadrut come to agreement on budget outline

Published

5 hours ago

November 19, 2024

Press Room

Finance Ministry and Histadrut come to agreement on budget outline

The Finance Ministry and the Histadrut labor federation have come to an agreement on the outline for the 2025 budget, according to a statement on Tuesday.

The agreement came after the government approved the state budget for 2025 and against the backdrop of the challenges facing the economy due to the security situation and the continuation of the war.

The agreements relate to payment to employees in the security and cleaning fields as part of the purchase of services from employers in the public sector and will work to promote a sectoral minimum wage in the cleaning industry.

Finance

New Blueprint for Financing Community Development (SSIR)

Published

12 hours ago

November 19, 2024

Press Room

New Blueprint for Financing Community Development (SSIR)

To read this article and start a full year of unlimited online access, subscribe now!

Subscribe Now

Already a subscriber?

Need to register for your premium online access,which is included with your paid subscription?

Support SSIR’s coverage of cross-sector solutions to global challenges.
Help us further the reach of innovative ideas. Donate today.

Read more stories by David Fukuzawa, Nancy O. Andrews & Rebecca Steinitz.

Finance

Top bankers stress resilience and wisdom key to navigating uncertainty

Published

20 hours ago

November 19, 2024

Press Room

Top bankers stress resilience and wisdom key to navigating uncertainty

The leaders of some of the world’s biggest financial companies firmly believe “resiliency and wisdom” hold the key to a global economy facing geopolitical tensions, financial market jitters and uncertainty about the coming transition in Washington.

Market participants should handle the challenges coming from all directions step by step while keeping faith that the issues can be resolved, they said at the Global Financial Leaders’ Investment Summit in Hong Kong on Tuesday. The event, organised by the Hong Kong Monetary Authority, is in its third year and this year’s theme is “Sailing through changes.”

“We’re seeing everyone recognise we’ve got to build up resiliency,” said Jane Fraser, CEO of Citigroup. “It’s easy to say globalisation is dead. It’s not. It’s just changing tremendously.”

BNP Paribas chairman Jean Lemierre said trade is a matter of negotiation. “The end result will be an agreement because otherwise it would be terrible for each of us.”

Lemierre said that wisdom should lead to solutions for trade tensions, which is all about “tariff, quota, reciprocity and timing”.

“We know the parameters of the discussion, so wisdom should lead to this type of approach,” he said.