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Canada Economics News
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MacKay orders revamp of Canadian Forces command
Restructuring aimed at slicing about 25 per cent of ‘overhead’ for each of three commands, although how many jobs will be cut is unclear Canada's banks received $114B 'bailout,' study asserts | CTV News
Canadian banks received up to $114 billion in government financial support at the height of the global financial crisis, a recent study reports. Conservatives' budget to reset retirement at age 67
In first budget with a majority, Harper government will focus on job creation and changes to Old Age Security Recent immigrants a 'huge burden' on taxpayersEconomics | 207 hits | 6:48 AM on Thursday | posted by Canadiana55
B.C. mulls flying welfare recipients north to jobsEconomics | 201 hits | 7:11 PM on Wednesday | posted by ShepherdsDog
BMO lowers 5-year mortgage rate, sets stage for rate war
BMO Bank of Montreal announced Thursday it's lowering two key mortgage rates, setting off what could be yet another mortgage war with other lenders. Iceland considering switch to Canadian dollar | CTV News
Will ongoing economic uncertainty about the eurozone push Iceland into the stable arms of the Canadian dollar? While the question may have seemed a loonie one only a decade ago, the idea has been gaining traction recently among Icelandic investors. Prepare to have less take-home pay starting Jan. 1
Even without major tax hikes, Canadians' take-home pay will get a little lighter starting Jan. 1. IMF warns about Canadian household debt, housing prices
A combination of high household debt, overpriced housing and external economic problems are putting Canada's recovery at risk, the International Monetary Fund is warning. Economist says Euro crisis will weigh on Canada in 2012
One of Canada's leading bank economists is predicting a year of slow economic growth, low interest rates and continued uncertainty due to the financial crisis underway in Europe. Canadian households getting poorer, taking on more debt
Canadians keep taking on more debt even as they get poorer, a new Statistics Canada report shows. Euro crisis putting Canada under risk, BoC warns
Global financial conditions stemming from the debt crisis in Europe are deteriorating rapidly, placing Canada's economy under greater stress and Canadians with large debts at greater risk, warns the Bank of Canada.Italy approves austerity measures
Italian Premier Mario Monti said Sunday his government has approved austerity and growth measures worth $40.53 billion US to reawaken the Italian economy and help save the euro from collapse.
Economics | 220 hits | 2:39 AM on Monday | posted by commanderkai
Italian Premier Mario Monti said Sunday his government has approved austerity and growth measures worth $40.53 billion US to reawaken the Italian economy and help save the euro from collapse. Survey says consumers slow down borrowing
There are signs that Canadian consumers have slowed down their borrowing this year, after peaking in the fourth quarter of 2010. Does Black Friday help or hurt Canadian retailers?Economics | 208 hits | 11:03 AM on Sunday | posted by wildrosegirl
Intrepid shoppers save the date as a chance to seize rare bargains and door-crasher specials. But as one business professor explains, Black Friday can be a bleak day for Canadian retailers. Canadian home sales top expectations
Canadian Real Estate Association upgrades outlook for 2011, 2012 Hackers threaten City in support of Occupy Toronto | CTV Toronto | CTV News
CTV Toronto - A mysterious group of Internet vigilantes has announced its support for the Occupy Toronto protesters, promising to target City Hall if any move is made against the weeks-old movement. Bank of Canada interest-rate cut predicted
Two economists predict the Bank of Canada will slash its benchmark interest rate from its current level of one per cent next year. Economy sheds 54,000 jobs, unemployment rate jumpsEconomics | 175 hits | 8:25 AM on Friday | posted by wildrosegirl
Canadian employers were slashing full-time jobs in October, pushing Canada's overall unemployment rate up 0.2 percentage points to 7.3 per cent, Statistics Canada reports. Sluggish growth, some jobs and no recession for Canada
The Canadian and U.S. economies will be able to survive the growing uncertainty in the world and avoid a recession next year, says a new outlook from the Conference Board. Economy grows, dispelling fears of recessionEconomics | 260 hits | 7:13 AM on Friday | posted by wildrosegirl
Midsummer growth in the Canadian economy should help put paid to fears that the country is in or about to enter another recession, economists said Friday after the release of data for July by Statistics Canada. JP Morgan Chase chief launches tirade at Bank of Canada Governor Mark Carney
The CEO of American banking giant JP Morgan Chase launched a tirade against Bank of Canada Governor Mark Carney in a closed-door meeting in front of more than two dozen bankers and finance officials. More than half Canadians live paycheque to paycheque
Retirement will be postponed for many Canadians according to a new study that says some 40 per cent of us are living too "close to the line" to save for one's golden yearsRussia plans $65bn tunnel to America
Russia has unveiled an ambitious plan to build the world’s longest tunnel under the Bering Strait as part of a transport corridor linking Europe and America via Siberia and Alaska.
Economics | 431 hits | 9:04 PM on Thursday | posted by commanderkai
Russia has unveiled an ambitious plan to build the world’s longest tunnel under the Bering Strait as part of a transport corridor linking Europe and America via Siberia and Alaska. Economic woes could spur price drop at the pumps
A big oil price drop over the last few days could come with one perk -- lower gasoline prices.Mideast markets tumble after U.S. credit rating cut
Plummeting stocks marked the opening of most Middle East markets on Sunday following an unprecedented downgrade of the United States' credit rating.
Economics | 361 hits | 7:51 AM on Sunday | posted by wildrosegirl
Plummeting stocks marked the opening of most Middle East markets on Sunday following an unprecedented downgrade of the United States' credit rating. Ontairo now second largest reciever of Federal equalization payments.
In just three years, Ontario has become the second-largest recipient of equalization payments in the country, with $2.2-billion set to flow into its “have-not” coffers this year.
Only Quebec, which takes in $7.8-billion in such payments, receives more. Investors look to BoC rate decision for directionEconomics | 401 hits | 7:16 AM on Sunday | posted by wildrosegirl
The Canadian dollar could be under additional pressure on commodity markets this week after the Bank of Canada delivers its next announcement on interest rates on Tuesday.China to grow 9.3% in 2011: World Bank
The World Bank raised its forecast for the world's second-biggest economy Thursday, but warned that China faces risks from inflation and a possible slowdown in its surging real estate sector.
Economics | 375 hits | 12:10 AM on Friday | posted by commanderkai
The World Bank raised its forecast for the world's second-biggest economy Thursday, but warned that China faces risks from inflation and a possible slowdown in its surging real estate sector. Loonie hits highest level since November 2007Economics | 363 hits | 6:08 PM on Wednesday | posted by wildrosegirl
The Canadian dollar closed at 104.9 cents US Wednesday, up 0.35 of a cent from the previous day, surging on a weak American dollar and rising oil prices. Commodity prices, Euro debt worries drag loonie downEconomics | 387 hits | 9:50 AM on Monday | posted by wildrosegirl
The Canadian dollar was lower Monday morning as oil prices declined and the American dollar strengthened against other currencies. U.S.-Canada price gap defies easy answers: expertsEconomics | 596 hits | 7:54 AM on Sunday | posted by wildrosegirl
With a loonie worth more than a U.S. dollar, bargains abound for Canuck shoppers who hit the stores south of the border this coming Easter long weekend. Gas prices soar nationwide; at $1.37 in VancouverEconomics | 407 hits | 3:55 PM on Friday | posted by wildrosegirl
A surge in prices at the pumps across Canada -- including an average of $1.37 per litre price tag in Vancouver -- has led frustrated drivers to call for a gas boycott. Rising loonie great for travellers, hard for businessesEconomics | 369 hits | 8:39 AM on Sunday | posted by wildrosegirl
Canadians travelling abroad are clearly winners as the loonie flies ever higher above parity with the U.S. greenback, but many Canadian companies are feeling the pinch, sometimes in ways that are completely new. Loonie makes gains against greenback MondayEconomics | 470 hits | 8:15 AM on Monday | posted by wildrosegirl
The Canadian dollar made strides against the U.S. greenback Monday after Canada's central banker warned over the weekend of inflationary concerns, suggesting interest rates may not be on hold much past a spring federal election. Survey shows baby boomers delaying retirementEconomics | 417 hits | 12:20 PM on Friday | posted by wildrosegirl
Many baby boomers are being forced to postpone retirement by at least one year because of recession, says the Conference Board of Canada. Loonie advances as crude oil prices declineEconomics | 449 hits | 8:43 AM on Friday | posted by wildrosegirl
The Canadian dollar was higher against the greenback Friday as oil prices declined slightly amid reassurances that any shortfall in Libyan oil production because of massive anti-government protests would be recouped. December sees 30-year-high exports surgeEconomics | 375 hits | 6:51 PM on Friday | posted by wildrosegirl
Canadian exporters had the best month in 30 years in December, in the most concrete indicator that the pick-up in demand in the United States is lifting a lot of boats north of the border as well. Food prices forecast to rise by 5 per cent in CanadaEconomics | 433 hits | 8:11 AM on Saturday | posted by wildrosegirl
Canadians can expect their monthly grocery bill to go up significantly this year, according to a new projection that says rising agriculture prices will soon trickle down to supermarkets. Harper, Obama agree to forge new border planEconomics | 452 hits | 7:53 AM on Saturday | posted by wildrosegirl
Prime Minister Stephen Harper and U.S. President Barack Obama said that their two countries will work together to ensure better trade, security and economic flow across the shared border.Back to Canada News
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