Growth petered out in 2nd quarter: Bank of Canada OTTAWA -- The Bank of Canada said Thursday economic growth petered out sharply in the second quarter on softer household spending and a marked decline in the real estate market, and is expected to maintain this slower pace through next...

Commodity prices slide again, but supply issues linger OTTAWA — Commodity prices fell another 1.9 per cent in June as slowing growth in China, the European debt crisis and U.S.recovery concerns dominated the market, Scotiabank said Wednesday in its monthly commodity report. June`s...

Retail sales take surprise drop in May OTTAWA — Sales by Canadian retailers fell unexpectedly in May, led lower by building material stores and gasoline stations, Statistics Canada reported Thursday. The federal agency said sales edged down 0.2 per cent to $36 billion during the...

Pine beetle continues to take bite out of towns dependent on forestry Population of Interior communities expected to dwindle further over 20 years, report says The ravages of the mountain pine beetle epidemic, which peaked in 2005, will be felt for years, and forestry-dependent...

Recovery waning but Canada, B.C. can still build their economies Canada may have emerged from the recession faster than other developed nations, and its recovery may be more vigorous than in other countries still burdened by deficits and debts. And it might be true that British...

Commentary: States of Crisis Governors know plenty of phony ways to balance out-of-whack state budgets. Here are a few honest ones As the weak economy punishes state budgets, it is driving some politicians to take refuge in almost hallucinatory forms of accounting. Unable to pay vendors...

11,000 jobs lost in B.C. due to pine beetle The current mountain pine beetle epidemic has peaked in most areas of the B.C. interior, but economic impacts to employment will persist for decades to come according to an economic analysis by Central 1 Credit Union. VANCOUVER — The...

Surge in well licence applications suggests busy times ahead for drillers Industry Set For Strong Second Half In another sign of a recovering oilpatch, a surge in the number of applications to drill for oil and gas bodes well for the second half of the year, analysts and...

Recession silver lining for oilpatch: report Down year made industry more efficient Last year was a washout for the oilpatch, but one that led to reduced costs, a better royalty regime and the proving up of drilling technology that sets the stage for future growth...

Encana raises 2010 production forecast, reports quarterly loss TORONTO - EnCana Corp., Canada`s biggest natural gas producer, raised its 2010 production forecast and reported a stronger-than-expected quarterly cash flow on Wednesday as output and pricing exceeded forecasts. But...

End of recession brings drop in Alberta bankruptcies Fewer personal and business bankruptcies in Alberta EDMONTON — Fewer Albertans are filing for bankruptcy as they emerge from dark economic times, a new report suggests. The number of personal bankruptcies fell to 744 in April...

Nova Chemicals to ship ethane volumes into Alberta A dearth of natural gas and ethane supply has prompted Nova Chemicals to contract feedstock volumes from North Dakota, the petrochemical giant said. The operator of the massive Joffre plant in central Alberta, one of the largest in...

Canada seeks to counter oilsands attacks at Washington meet The Harper government is using an international clean energy conference to correct what it describes as misleading attacks against Canada`s oilsands industry, Natural Resources Minister Christian Paradis said Tuesday...

Exporting jobs a dumb way to pursue a knowledge economy "You could say that shipping jobs overseas is no big deal because the high-value work -- and much of the profits -- remain in the U.S. But what kind of a society are we going to have if it consists of highly paid people doing...

Bank of Canada stands apart as it raises rates Mark Carney has now done twice what no other Group of Seven central banker appears even close to doing once – he raised interest rates for the second month in a row – but global developments could slow his hand. Tuesday`s move, which...

Foreign investors eye Canada as haven International demand for Canadian securities is soaring to new heights, buoyed by the country`s strong economy, fiscal position and financial sector, and as signs of trouble abroad reduce investors` appetite for riskier assets. Foreigners snapped...

Canada expected to follow U.S. in economic slowdown The mighty U.S. economy is slowing again, and with it Canada`s chances of escaping the global downdraft. A sudden plunge Friday in a closely watched index of consumer confidence is the latest clue the recovery has stalled in the U.S...

Drop in home construction adds to U.S. woes After showing flickers of life this spring, the U.S. housing market is headed back to the sickbed. A clutch of recent data points to renewed pain in a long-suffering area of the economy. Steps by the government to spur home buying worked...

Signing real estate deals requires careful attention Buyers and sellers must be aware of many technical issues and requirements when signing real estate agreements. Under the Ontario Statute of Frauds, real estate agreements are only valid if they are in writing and signed by the...

Aaron: Toronto`s building department operations are neither open nor transparent Before closing the purchase of their home, Pierre Marcoux and Caroline Bougie discovered the City of Toronto building department had an "open file" on the house. They wanted the seller, Darlene Remlinger, to...