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CMHC's risky mortgage moves a bad bet for taxpayer money

Canada Housing Trust (CHT) issued its latest tranche of Canada Mortgage Bonds (CMBs) on June 21, a $5.1-billion, five-year deal guaranteed by Canada Mortgage and Housing Corp. (CMHC), which is in turn guaranteed by the full faith and credit of the Government of Canada, or, in other words, by the collective wallets of Canadian taxpayers.

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Local firms urged to join PoMSOX

LOCALLY-owned companies have been urged to list on the Port Moresby Stock Exchange so that shareholders could benefit more from their investments.
The call was made by Rob Allport, Credit Corp PNG Ltd general manager, in a remark at the 2006 Money Show last Friday.
Held at the Holiday Inn, the exhibits team was Charting your path to growth.
Mr Allport said listing on PoMSoX had been of great benefit to the shareholders of Credit Corp because they are now able to buy and sell shares readily on the exchange, whilst their share value has increased dramatically.
We have found the advantages of listing to include increased share value, proper pricing, and liquidity of stock, and down the track when the need arises it should be a good avenue to raise capital, he said.



Kids' day out in rains

It was party time at Leap Years recently and the theme this time was rain fashion show. The idea was to teach children how they can dress in differently in the rains. The kids were treated to hot jalebis and pakoras but they seemed to like corn more. With no mummies to watch around and shout notes of caution, the kids had the best of their time. All decked up in caps and coats, they held hands and shook legs as sprinklers continued to throw jets of water to create "rainy weather." And those who hesitated to venture out in "rains" were just pulled in by their little friends to join the fun.
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