4 May

Europe’s economic woes hitting home in Canada

General

Posted by: Tammy O'Callaghan

Tavia Grant Globe and Mail Update  Troubles in southern Europe are hitting home for many of the 2.4 million Canadians with origins in Greece, Portugal, Italy and Spain. Euro woes have rocked global stock markets and wreaked havoc with currencies. At the macro level, economists say the region’s fiscal crisis now represents the biggest risk […]

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29 Apr

Are Big Banks jumping the gun?

General

Posted by: Tammy O'Callaghan

Rob Carrick The Globe and Mail Published on Thursday, Apr. 29, 2010 Interest rates are rising – we all get that – but it looks like the Big Banks are pushing things a bit with mortgages. After a pair of increases in the past two weeks, the posted Big Bank five-year fixed mortgage rate now […]

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23 Apr

Canadian economy expanding quickly, but will soon trail G7 countries: Carney

General

Posted by: Tammy O'Callaghan

Julian Beltrame, THE CANADIAN PRESSThe Canadian Press OTTAWA – Canada is leading the other G7 countries out of recession with the fastest growth in a decade, but it will be trailing those countries in a few years, the Bank of Canada said Thursday. The central bank’s latest economic outlook released Thursday makes several bold predictions, […]

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19 Apr

HST to ding new home buyers July 1

General

Posted by: Tammy O'Callaghan

  When it comes to the 13-per-cent harmonized sales tax kicking in July 1, lots of home buyers and sellers appear to be in for a big surprise, says the Canadian Real Estate Association.   “I run into people who still don’t know its coming,” says association president Pauline Aunger. “There are people who don’t […]

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9 Apr

Rates staying low into next year

General

Posted by: Tammy O'Callaghan

Julie Fortier, Financial Post  OTTAWA – With the Canadian economy doing surprisingly well over the past six months, many see higher interest rates from the Bank of Canada in the not so distant future, but according to a report released Thursday from CIBC’s chief economist Avery Shenfeld, rates are likely to remain at a very […]

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5 Apr

Stock markets likely to get lift from strong U.S. employment gains

General

Posted by: Tammy O'Callaghan

By Malcolm Morrison, The Canadian Press TORONTO — A solid employment report showing the strongest U.S. job growth in almost three years should give stock markets a lift this coming week. The U.S. Labour Department reported Friday that the economy created a total of 162,000 jobs during March. But investors were particularly relieved at data […]

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1 Apr

Canadian economy grows faster than expected in January

General

Posted by: Tammy O'Callaghan

OTTAWA – The stalwart Canadian economy marched doggedly forward in January, growing faster than anticipated thanks to a healthy boost from a manufacturing sector that appeared to be in full rebound from the recession. The month’s 0.6 per cent rise in real gross domestic product, reported today by Statistics Canada, was the biggest one-month lift […]

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