Economy Shrank in May

Economy Shrank in MayThe economy shrank by 0.3 per cent in May, the second consecutive monthly decline, with slumps in mining, and oil and gas production leading the downturn, according to a report by Statistics Canada. The agency says the shrinkage comes on the heels of a stagnant April. The last rise in the real gross domestic product was the 0.3 per cent increase recorded in March. Mining, oil and gas extraction, manufacturing…

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The Cost of Freer Trade

The Cost of Freer TradeBefore Sept. 11, 2001, Canada and the United States liked to brag that the line on the map between them denoted the longest undefended border in the world. Since exporters could cross that border in the blink of an eye and the Canadian dollar’s value was low, Canada was able to woo foreign investors by promising them a combination of relatively cheap production costs and unrestricted access to lucrative U.S….

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Why it’s So Easy to Spend in the Summer

Why it's So Easy to Spend in the SummerI’m always tempted to spend a little more money in the summer when I’m out and about with the family, particularly when it comes to eating out. When we’ve been out at the park or the playground, and the kids have been playing and working up an appetite it’s easy to just buy a little something to eat on the way home or at least grab a popsicle from the…

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Canada Opposes Palestinian Bid for Statehood

Canada Opposes Palestinian Bid for StatehoodCanada is rejecting a Palestinian effort to win recognition at the United Nations as an independent state. The move is not surprising given that the Harper government has forcefully highlighted its loyalty to Israel and the United States. Both oppose the Palestinian initiative. The Palestinian Authority, which controls most of the West Bank, launched a campaign last month that will see it pursue a vote on statehood at the United…

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Saving – 10 Things You Need To Know

Saving - 10 Things You Need To KnowThere’s a reason why the saying ‘a penny saved is a penny earned has been around a long time’ – it’s true. Saving money can feel like hard work. But there’s no mystery to it. From getting started with a budgeting to setting goals and paying yourself first, here’s what you need to know. 1. Create a budget Question number one is to get a handle on how much you’re…

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