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Bulls vs. Bears: Does the Economy Matter?
Courtesy of Balance Junkie I haven’t written a Bulls vs. Bears post in a while. Given the tremendous stock market run from the end of last year through the end of the first quarter of this year, it seems like... (Continue reading)
Canadian Economic Growth Slows to Crawl
The growth rate of the Canadian economy slowed to a crawl in the fourth quarter of 2011, Statistics Canada reported Friday. At an annual rate, real gross domestic product (GDP) grew 1.8 per cent in the fourth quarter, after a... (Continue reading)
Canadian Firms to Spend More on R&D in 2011
Research and development spending by industry is expected to increase in 2011 — the first time in four years that has happened in Canada. “The 2011 industrial R&D spending intentions suggest that recovery is underway after three consecutive years of... (Continue reading)
Canada Loses Jobs in November
Canada shed another 19,000 jobs in November on the heels of a steep drop in October, edging the national unemployment rate to 7.4%. The economy lost 53,000 part-time jobs, offset by a gain of 35,000 full-time jobs, according to labour... (Continue reading)
Real Estate Becoming More Affordable
Owning your own home became slightly more affordable in the third quarter of 2011 thanks to continuing low interest rates, according to RBC’s latest study on housing affordability. The affordability measure captures the proportion of pre-tax household income that would... (Continue reading)
Debt Worries May Put Damper on Holiday Buying
Feelings of financial insecurity could overwhelm the Christmas giving spirit, making Canadians less likely to splurge on holiday shopping this season, according to a survey released Tuesday by Deloitte Canada. With a growing number of respondents pessimistic about the economy... (Continue reading)
Job Prospects Poor, Study Predicts
A new report from The Conference Board of Canada suggests job seekers may be in for a tough time in the next few months. The Ottawa-based economic research group said Friday its monthly help-wanted index survey suggests hiring prospects will... (Continue reading)
Inflation Inches Higher
Canada’s inflation rate rose to 3.2 per cent in the 12 months ended in September, pushed higher by price hikes for gasoline and food. Statistics Canada reported Friday that prices for food rose 4.3 per cent in the past year,... (Continue reading)
Occupy Toronto Takes to the Streets Again
As Occupy Canada protesters across the country spent a second day in tents set up in urban parks on Sunday, protesters in Toronto launched another march in the city’s downtown core and gathered at a central shopping area. Members of... (Continue reading)
Loonie Closes at 12-month Low
The Canadian dollar closed below 96 cents US at a 12-month low Friday, as traders moved into more widely traded U.S. dollar denominated securities. The loonie’s official Bank of Canada close was 95.40 cents US, down 1.07 cents. It hasn’t... (Continue reading)
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