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11 June 2014
Canadians Make a Surprising Return to Frugality
The Globe and Mail, Tuesday, June 10, 2014 Byline: David Parkinson When it comes to Canadians' household debt loads, the problem is not so much about swelling debts any more. It's about slowing incomes. In a new report from Merrill Lynch, economist Read More...
29 November 2013
Canadian Third Quarter Real GDP Growth (Nov 2013)
The Canadian economy grew 2.7 per cent at an annual rate in the third quarter, the fastest pace of growth in almost two years. The economy was given a boost by an uptick in business investment which helped to offset a slight deceleration in household Read More...
19 April 2011
Canadian CPI & US Housing Starts
April 19 2011 Canadian inflation surged 3.3 per cent in March, the highest reading on inflation since September 2008. The increase in inflation was largely anticipated given the recent run-up in food and energy prices. Indeed, energy prices were 13 per Read More...
21 March 2011
Global Economic Concern Should Not Lead To A New Recession
Thursday, 17 March 2011 - Recent Global Events Cause Economic Concern But Should Not Lead To A New Recession: CIBC World Markets The recent global events in Japan & the Middle East have undoubtedly given rise for concern about the strength of the Read More...
05 February 2011
Labour Force Survey - February 4, 2010
Canada added an astounding 69,500 jobs in January, the strongest job growth since April of last year. However, an expanding workforce pushed the national unemployment rate up 0.2 points to 7.8%. BC lost jobs for the second consecutive month, shedding Read More...
01 February 2011
Canadians Showing Restrained Optimism
According to a new poll released by Economic Club of Canada/POLLARA, Canadians are showing a restrained optimism in terms of the economy. The poll shows that, although there is an increase in confidence on economic growth, Canadians are less positive Read More...
01 February 2011
GDP Growth - January 31, 2011
The Canadian economy expanded by 0.4 per cent in November, easily beating consensus expectations of 0.3 per cent. Growth in November was boosted by the mining, oil and gas sectors as well as a strong Christmas shopping season which boosted retail trade Read More...
08 May 2009
Canadian Housing Market Shows Some Spring In Its Step
Scotia Bank Real Estate Trends Adrienne Warren (416) 866-4315 adrienne_warren@scotiacapital.com May 5, 2009 - Canada's housing market is showing signs of emerging from its winter hibernation. The Canadian Real Estate Association reported a healthy Read More...
15 February 2009
Canadian economy and the banking system
Ed note: It is nice to hear the Americans commending Canada for a job well done when it comes to the financial sector. NEWSWEEK - From the magazine issue dated Feb 16, 2009 The legendary editor of The New Republic, Michael Kinsley, once held a "Boring Read More...
30 September 2008
Why the Canadian real estate market will not follow the trends in the United States
watch this video where the President of The Canadian Real Estate Association, Cal Lindberg, explains why the Canadian real estate market will not follow the trends in the United States, and why there will not be a major decline in the value of Canadian Read More...
06 August 2008
Government of Canada Moves to Protect, Strengthen Canadian Housing Market
Ottawa, July 9, 2008 2008-051 Related document: Backgrounder The Government of Canada today announced adjustments to the rules for government guaranteed mortgages aimed at protecting and strengthening the Canadian housing market. The new measures include: Read More...
15 July 2008
Bank of Canada keeps overnight rate target at 3 per cent
OTTAWA – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 1/4 per cent. Three major developments are Read More...
10 July 2008
Ottawa revamps mortgage rules
KEVIN CARMICHAEL © The Globe and Mail Wednesday, July 09, 2008 OTTAWA — The federal government says it will no longer guarantee 40-year mortgages, one of a handful of measures aimed at guarding against a U.S.-style housing bubble. The Finance Read More...
07 June 2008
Consumer confidence continues to slide in May
Reflecting rising fuel and food prices, national consumer confidence posted its third consecutive monthly decline in May 2008, dropping to its lowest level in more than a decade. Confidence fell in every region in May, with the largest decline in Ontario. Read More...