Should you repay your past, or save for your future?
In the wake of May's bond market rally from heaven, administered rates have seen additional downward pressure into June. GIC rates have extended their decline, while Canadian mortgage rates are downright juicy.
In the background we have the Bank of Canada going through a bit of a flip-flop on policy as this week's policy meeting heard more about risks facing growth from abroad, allowing Mr. Carney and crew to leave rates unchanged (no surprise) and tone down the previous guidance of higher rates either later this year or in 2013 .
OTTAWA -- A jump in manufacturing jobs last month helped keep Canada's unemployment rate steady at 7.3% and provided the Conservative government with ammunition in its ongoing debate with the NDP over so-called Dutch disease.
NDP leader Thomas Mulcair says central Canada's manufacturing sector is hurting because western Canada's oil exports have pushed the value of the dollar up. But a Statistics Canada labour survey released Friday reported 36,000 new manufacturing jobs were created in May -- far more than in any other sector.
"May's modest job growth and the nearly 760,000 net new jobs created since July 2009 are both signs that we're on the right track for jobs and economic growth," said Alyson Queen, spokesperson for Minister of Human Resources and Skills Development Diane Finley.