27 Jul

Economy cranking out new jobs, but economists question quality of work

General

Posted by: Steven Brouwer

By Craig Wong, The Canadian Press OTTAWA – The Canadian economy has been on a three-month streak of job creation and businesses appear set to continue that into the next three months, but some economists are raising concerns about the quality of jobs that are being created. CIBC World Markets senior economist Benjamin Tal said […]

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27 Jul

Home prices remain sky high in June, but poised for a drop, economists say

General

Posted by: Steven Brouwer

By The Canadian Press OTTAWA – Canadian home prices continued to soar above year-ago levels in June, but economist believe price hikes could soon ease, spelling relief for buyers in expensive markets like Toronto and Vancouver. The Canadian Real Estate Association said Friday the national average price for Canadian home resales was $372,700 in June, […]

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27 Jul

Condo owners stuck with $2.2M repair bill

General

Posted by: Steven Brouwer

Residents of a downtown Edmonton condominium believe better provincial regulations could have prevented them from having to pay $2.2 million to fix problems they say were caused by the developer. The owners of decade-old Rossdale Court condominiums have spent the last four years fixing problems with pedways, balconies and window seals which are related to […]

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27 Jul

Beyond debt ceiling, U.S. needs own GST

General

Posted by: Steven Brouwer

For drama, it might seem difficult to top the past couple of weeks on Capitol Hill, but the debt ceiling debate in the United States is really only the opening act of a long-running production. The Obama administration and Congress will eventually have to agree to some watered-down measures that will enable an increase to […]

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29 Jun

Scotiabank today released the results of

General

Posted by: Steven Brouwer

Scotiabank today released the results of a recent poll looking at consumer debt levels and practices, and how Canadians are feeling about their debt.    The study was conducted by Harris/Decima and assessed the borrowing habits of Canadians. More than half of Canadians (56%) feel their level of debt is manageable and an additional 27%. […]

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29 Jun

Canada’s inflation leaps most in 8 years

General

Posted by: Steven Brouwer

Financial Post Staff OTTAWA — Consumer prices were up 3.7% in May from a year earlier, the biggest leap since March 2003, Statistics Canada said Wednesday. Economists polled by Bloomberg expected 3.3% annual inflation in May. Gasoline prices were cited for the main reason for such a high inflation rate last month. The core inflation […]

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