Toronto: The new Zurich? There is huge global confidence in the Canadian economy and Canadian financial institutions, and the reason for that is simple. They stood rock solid in the debt crisis of 2008-09. Confidence is a prerequisite for economic growth. People invest based on the belief...

Toronto: The new Zurich? There is huge global confidence in the Canadian economy and Canadian financial institutions, and the reason for that is simple. They stood rock solid in the debt crisis of 2008-09. Confidence is a prerequisite for economic growth. People invest based on the...

Surrey moves to legalize suites Surrey is gearing up to allow secondary suites in all single family dwellings. According to a poll conducted this month by Ipsos Reid, 63 per cent of Surrey residents support allowing a suite in all homes. The most supportive community was Newton (65 per...

The oil sands: A vital part of Canada`s future The Gulf of Mexico oil spill has understandably led to more attention on the oil and gas industry. In Canada, the discussion gravitates to the oil sands, with our 178 billion barrels of reserves – the second-largest source of oil after Saudi...

The oil sands: A vital part of Canada`s future The Gulf of Mexico oil spill has understandably led to more attention on the oil and gas industry. In Canada, the discussion gravitates to the oil sands, with our 178 billion barrels of reserves – the second-largest source of oil after Saudi...

Bank of Canada ratchets down growth forecast The economy will grow slowly until well into next year as consumers and businesses spend less and the country`s trading partners struggle, the Bank of Canada said Thursday, while playing down the possibility of a "double-dip" recession and...

Provincial and city rates The national inflation rate was 1.0 per cent in June, Statistics Canada says. Here`s what happened in the provinces and territories. (Previous month in brackets): Read full article here

New data hint U.S. economy on the ropes WASHINGTON - Sales of previously owned U.S. homes hit a three-month low in June while new claims for jobless benefits surged last week, the latest indications that the economy is on the ropes. Another report yesterday showed a gauge of the...

Bank of Canada interest rate unlikely to top 1% this year: report Slower than expected economic growth in the U.S. is set to hamper Canadian exports, meaning the Bank of Canada`s interest rate is unlikely to rise beyond 1% by the end of the year, says a research note from Lombard Street...

Higher GST revenue sends deficit down OTTAWA • The federal government recorded a deficit of $4.4-billion in the first two months of the fiscal year -- a shortfall that`s roughly 41% smaller than the same year-ago period on stronger GST revenue, the Department of Finance said Friday...

Bank of Canada tips its hand on rates OTTAWA -- The Bank of Canada may have let the cat out of bag on interest rates Thursday, analysts say, when it indicated that "gradual" hikes are forecast to keep inflation near its preferred 2% target. The suggestion, described as a "candid...

Number of B.C. EI recipients edges up The number of British Columbians receiving Employment Insurance benefits ticked upward for the third month in a row in May to hit 82,330, Statistics Canada reported Thursday. That number is 1,140 higher than it was in April. However, it is down...

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...

Consumer prices rise 1% in June: StatsCan OTTAWA — Consumer prices in Canada were up one per cent in June compared to a year earlier, down from a rate of 1.4 per cent in May this year, Statistics Canada said Friday. The lower rate was mainly on falling gasoline prices and were in line...

Developers push wave of pre-sales into slowing market Metro Vancouver developers may have got ahead of themselves with the number of housing projects they are pushing into the pre-sale marketing phase, says a local market research firm. MPC Intelligence Inc. counted 6,659 units put...

"Bumpy" Quarter Expected for Drillers Second-quarter results from land drillers — which start Thursday with Calgary-based Precision Drilling — will be "bumpy," according to Canaccord Genuity analyst John Tasdemir. In an earnings preview that came out Monday, the analyst now based...

Calgary building permits in June off last year`s pace CALGARY - The value of building permits in June in the city fell from what it was a year ago and is down compared with the five-year average. However, the City of Calgary said Monday it is up from the 10-year average. The...

Calgary new home prices rose 3.1% in May: StatsCan CALGARY - New house prices in the Calgary region rose by a higher rate in May than the national average on a year-over-year basis. The New Housing Price Index released today by Statistics Canada reported a 3.1 per cent increase from...

Calgary`s industrial market on road to recovery The industrial real estate market is showing signs of recovery as the vacancy rate continues to drop and developers are expected to start on new projects as early as the end of this year. Vacancies decreased for a second consecutive...

Retail sales dip across Canada but hold steady in Alberta Retail sales across the country dipped slightly in May, while in Alberta spending went virtually unchanged, according to Statistics Canada. The unexpected drop of 0.2 per cent resulted from slower sales in building and...