Economy will be Focus of Fall Session

Economy will be Focus of Fall SessionPrime Minister Stephen Harper addressed Conservative MPs in Ottawa Thursday and stuck entirely to the subject of the economy, sounding more positive notes than he has recently. The Conservative caucus is meeting to get ready for the new session of Parliament that starts Sept. 19. The government’s first priority is economic growth, Harper said, noting continuing fragility in world markets.  Read More…  

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Major Tax Increases or Heavy Layoffs

Major Tax Increases or Heavy LayoffsToronto taxpayers are facing a 35% tax hike unless there are job cuts to the city’s workforce, Mayor Rob Ford warned Friday. His administration can’t avoid penning pink slips if more staff does not start volunteering to take buyouts the mayor said on The Roundtable, with Sun News Network co-hosts Pat Bolland and Sue-Ann Levy, the Toronto Sun’s veteran city hall columnist. “I don’t know if we have a choice,”…

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Where Are The Jobs?

Where Are The Jobs?If you’ve been wondering which job sectors have been showing the biggest gains or the largest loses then you’re in luck because Statistics Canada has released their new numbers.

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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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Canada Slipping Back in Economic Rankings

Canada Slipping Back in Economic RankingsAfter pulling ahead following the Great Recession, Canada is once again slipping in the economic rankings as other economies improve at a faster pace, according to a Conference Board of Canada report card. Canada is likely to get a high C grade for its performance in 2011, putting it in ninth place out of 17 peer nations. That grade’s down from a low B in 2010, which earned Canada a…

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Interactive – The World’s Best Countries

Interactive - The World's Best CountriesWe’ve been getting a lot of requests to post this interactive infographic made available by the people of Newsweek.  It’s a very fascinating graph of all the countries of the world and how they rank according to Healthcare, education, economy, politics, and more. As it stands Canada ranks #7 and the U.S. is at a measly #11. Have a look and enjoy: Interactive Infographic

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Cars, trucks both down as new vehicle sales drop in August

Cars, trucks both down as new vehicle sales drop in AugustSales of trucks and passenger cars were both down as the number of new motor vehicles sold dropped 4.8 per cent in August. That’s 128,764 new vehicles. Statistics Canada reports preliminary industry data indicate new vehicle sales increased four per cent in September. Sales of trucks (which include minivans, sport-utility vehicles, light and heavy trucks, vans and buses) fell 5.2 per cent to 73,002 in August after four straight monthly…

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Recession May Have Ended But Economy Still in Hole

Recession May Have Ended But Economy Still in HoleTwo years removed from what many feared would be the total collapse of the world economic and financial systems, Canadians may be forgiven for asking — “What was the big deal?” The most severe global recession in six decades fizzled into a run-of-the mill slump in Canada lasting three quarters and costing just over 400,000 jobs, a mere 2.4 per cent of the labour force. And as the second anniversary…

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The Dreaded Double Dip Recession Looms

The Dreaded Double Dip Recession LoomsThe Bank of Canada has raised interest rates again, saying: the economy is recovering but still faces major challenges. If the economy is facing major challenges, then why raise rates? BMO economist Douglas Porter said poor housing sales and less spending by Canadians is still making for a fragile economy — and higher borrowing costs wouldn’t help improve the situation. I can’t think of a really good reason why the…

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Tories-Liberals strafe each other over jets

Tories-Liberals strafe each other over jetsThe economic and diplomatic strings attached to Ottawa’s multi-billion dollar deal to buy the F-35 stealth fighters would make it extremely painful — if not impossible — for a future government to unravel or cut, senior Conservatives insisted Wednesday. Unlike the EH-101 helicopter deal axed in the mid-1990s by Jean Chretien’s Liberal government, the pending agreement to purchase 65 new interceptors for the air force is a more complex arrangement…

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