Calgary's Bill Siebens has presented the Calgary Stampede Foundation with more than 3,000 hectares of the southern portion of the historic OH Ranch in southwestern Alberta.

The rancher, businessman and philanthropist's gift also includes the OH brand and the 1885 ranch house, cookhouse and replica Northwest Mounted Police cabin for a total value of more than $11 million.

June 30th, 2012 is Social Media Day around the world, a day to celebrate social media. There are meetup groups from San Francisco to Hong Kong, Moscow to Rio de Janeiro getting together today to discuss, use and revel in all things social media.

Social Media Day was created by the website Mashable.com, the "leading source of news, information and resources for the Connected Generation (mashable.com)."

Government tightens lending guidelines

With concerns regarding overheated housing markets and household debt levels rising nationwide, the federal government has enacted new rules governing mortgage lending and borrowing.

The biggest change, and the one most likely to have an impact on Canadian homebuyers, is the reduction of the maximum amortization periodfrom 30 years to 25.