Canada – A Nation of Debt, A Nation of Prosperity

Canada - A Nation of Debt, A Nation of ProsperityCanadian now owe almost two-thirds more in debt than they use, or have available, for available income according to Statistics Canada.  For 2012, the rise in debt was higher in every category with mortgage and consumer debt surpassing a combined $1.6 trillion. As Canadians continue to enjoy spending without restraint or apparent interest in saving the debt rose 5.5% higher int he last three months of 2012.  Not all is…

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Job Market Slows in May

Job Market Slows in MayCanada’s unemployment rate held steady at 7.3 per cent in May following two months of large gains. Statistics Canada said Friday the economy created 7,700 new jobs last month. That wasn’t enough to move the employment rate one way or the other, although it was slightly ahead of the 5,000 gains that economists were expecting. But the jobs showing was a marked slowdown from the previous two months, which saw…

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Canadian Firms to Spend More on R&D in 2011

Canadian Firms to Spend More on R&D in 2011Research 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 declining R&D spending that occurred across almost all industrial sectors,” said a Statistics Canada report Friday. Businesses in Canada planned to spend $15.6 billion on industrial research and development in…

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Canada Loses Jobs in November

Canada Loses Jobs in NovemberCanada 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 force numbers released by Statistics Canada on Friday. Finn Poschmann, vice-president of research at economic think-tank the C.D. Howe Institute, said a second month of bad job numbers left him…

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Canadian Debt Levels Keep Rising

Canadian Debt Levels Keep RisingCanadians continued to rack up debt in the second quarter of the year as they took advantage of low interest rates, Statistics Canada said Tuesday. The ratio of credit market debt to personal disposable income crept to 148.7 per cent in the July-September period, topping the old record of 147.3 set in the previous quarter. Credit market debt includes mortgages and consumer loans. Statistics Canada said the ratio increased as…

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Canadian Youth Woefully Inactive

Canadian Youth Woefully InactiveThe vast majority of Canadians aren’t moving enough to reap fitness benefits, and sedentary living is especially a problem among young people, Statistics Canada reports. Studies released Wednesday compared the physical activity levels of Canadian adults to those who are sedentary, and found only 15 per cent moved enough to get substantial health benefits. Research involving six- to 19-year-olds found only seven per cent were active enough to make health…

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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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Canada’s economic recovery stalls in April

Canada's economic recovery stalls in AprilCanada’s economy stalled in April on a slide in retail sales, suggesting the pace of growth is slowing and that the central bank may think twice about raising interest rates again this month. Statistics Canada said on Wednesday real gross domestic product was flat in the month after seven straight months of expansion and the fastest growth in a decade in the first quarter. The Canadian dollar sagged after the…

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