By Mary Gazze, The Canadian Press Canada's national housing agency says it expects home sales and construction activity will cool but remain healthy in the second half of the year, due to favourable economic conditions that push up demand for homes. Canada Mortgage and Housing Corp. said...
jeremy torobin AND bill curry Ottawa— Globe and Mail Update Published Friday, Aug. 19, 2011 10:14AM EDT Bank of Canada Governor Mark Carney acknowledged that many of the ''downside'' risks to the global economy have been realized and suggested that Canadian growth over the second half will be slower...
Mary Gazze, The Canadian Press TORONTO - Canada's real estate market will grow in the rest of the year as Canadians undeterred by recent turmoil in global stock markets will continue to be drawn in by low mortgage interest rates, economists say. The economists made the comments...
grant robertson — BANKING REPORTER From Tuesday's Globe and Mail Published Monday, Aug. 08, 2011 7:19PM EDT Last updated Tuesday, Aug. 09, 2011 7:04AM EDT Deepening financial turmoil in the United States and Europe has all but derailed Bank of Canada Governor Mark Carney’s plans to raise interest rates...
TORONTO (Reuters) - The Canadian dollar looks set to extend a rally that's taken it to 3-1/2 year highs against the U.S. dollar this week, as more hawkish Bank of Canada comments lifted the currency and global investors pushed into the safety of Canadian assets. Given...
OTTAWA — The TD Bank says Canadians can expect borrowing costs to remain near record lows for the rest of the year. That’s because the pace of the economic recovery is expected to slow sharply in Canada, the United States and much of the world. As such,...
Sometimes a parent decides to buy a place for their children while they hit the books in university or college. It can be a good alternative to paying thousands of dollars toward residence fees or rent. Just look at the math: Student rent of $500 a...
Eric Lam Financial Post May 24, 2011 The Bank of Canada’s plan to raise interest rates and exit its stimulus program has been delayed to September due to renewed uncertainty about the fiscal crunch in Europe and its potential spillover effects into Canada, the team at...
MARTIN MITTELSTAEDT Tuesday's Globe and Mail Interest rates have recently being going somewhere unexpected: down. At their trough last week, the yields on 10-year U.S. Treasuries, the benchmark North American rate, touched 3.11 per cent, the lowest level in six months and more than half a...
OTTAWA – The Canadian economy contracted in February for the first time in five months as a setback in manufacturing brought growth back down to earth after two heady months. Statistics Canada reported Friday that real gross domestic product fell 0.2 per cent, following monthly leaps...