More Canadians are living closer to the edge as consumer debt loads continued to climb in the first three months of the year, a study shows. Already at record levels, Canadians now owe just under $26,000 on average on their lines of credit, credit cards and auto loans, according to credit rating agency, TransUnion. That’s […]

WASHINGTON— From Saturday’s Globe and Mail Whatever momentum the U.S. economy had earlier this year is gone, snuffed out by higher fuel prices and the disruption of global trade caused by the Japanese earthquake. American employers added a mere 54,000 jobs in May, the weakest showing since a string of four consecutive monthly declines in […]

Homeowner’s insurance is one of the most common types of insurance and one of the least understood. Many homeowners believe that their policies will cover them for practically any damage sustained to the house or contents. The reality is that homeowner’s policies contain many exclusions and restrictions on coverage that can leave you with a […]

The risk that the economic slowdown in the United States will turn into another North American recession is not high, Canada’s finance minister said Tuesday as he cautioned that too many people nevertheless remain jobless in this country. “I do not think the risk is great,” Jim Flaherty said in response to a reporter’s question […]

Stephen Harper has kept one economic lynch pin, promoted two others, and brought in an untried new face — but his Conservative government’s message and policies remain the same. The top economic minister, Jim Flaherty at Finance, was brought back to cabinet Wednesday in order to re-introduce the March 22 budget the opposition parties rejected. […]

Canadian home prices continued their upward march in April, driven by strong investor demand in Vancouver, as cracks in the Toronto condominium market may be starting to appear. The Canadian Real Estate Association said yesterday the average price of a home sold in April in Canada was $372,544, up 8% from a year ago. It […]

Canada’s fiscal advantage will only go so far in protecting the country against a debt crisis growing in the world’s advanced nations and Asia’s emerging economic powerhouses, Bank of Canada governor Mark Carney warns. Trying out a theme he will likely take to Washington later this week, Carney told the Canadian Club of Ottawa on […]

The Canadian economy is not only creating more jobs, it’s creating better jobs according to one of the country’s major banks. CIBC’s latest employment quality index shows that 60 per cent of new jobs created over the past year would qualify as high-paying, quality jobs. The bank says there’s been an increase in full-time and […]

The majority of Vancouverites who recently purchased or intend to purchase a condo say that if they had more money, they would prefer to buy a house instead.  The 2011 TD Canada Trust Condo Poll, which surveyed Canadians who are thinking of buying, or recently bought a condo, found that affordability of condos is a […]

Canadians would like nothing more than to be rid of their mortgage debt, according to a new poll released by Scotiabank.  Almost half of Canadians (46%) are saddled with mortgage debt; of those with a mortgage, a staggering 86% indicate that it is important to pay their mortgages expeditiously. “Many Canadians know ways to reduce […]