Goal set to see 72.5% of Canadians be homeowners by 2020, up from 69%, thus supporting demand curve further and increasing net worth of Canadians VAUGHAN, Ont. — Conservative Party Leader Stephen Harper continued his bid for the middle class electorate on Tuesday, declaring home ownership “one...

Canadian economy grows again, pointing to stronger second half The Canadian economy posted its second straight month of impressive growth in July, strengthening the case that the country’s economic fortunes have turned a corner following a trying first half of the year. Statistics Canada...

Canada’s economy puts recession behind it with second straight month of growth OTTAWA — Well, so much for Canada’s recession. After pulling back for two straight quarters, the economy is showing new resilience — rebounding in subsequent months and providing hope of more growth for the rest of...

Canada manufacturing activity shrinks to lowest on record in office OTTAWA, (Reuters) - Business conditions in the Canadian manufacturing sector fell to a record low in August as demand for new business weakened and new export orders stagnated as the country continues to feel the effect of...

Calgary real estate market creates 'accidental' forced to rent instead of sell CALGARY – The real estate market in Calgary has left some people without a lot of choice, with many forced to pull their property off the sellers’ market and try to recoup their costs by renting. It’s an option that...

U.S. job growth disappoints, raising doubts of Fed rate hike; or US economic recovery U.S. employers slammed the brakes on hiring over the last two months and wages fell in September, raising new doubts the economy is strong enough for the Federal Reserve to raise interest rates by the end of...

Calgary real estate market creates ‘accidental landlords’ forced to rent instead of sell.. These untrained landlords have the potential to cause chaos in the market and let's hope they learn how to screen tenants CALGARY – The real estate market in Calgary has left some people without a lot...

Approval of Enbridge’s Line 9 applauded by #Quebec refineries The owners of the two Quebec refineries readying for shipments of Western Canadian crude say the National Energy Board’s decision to approve Enbridge Inc.’s Line 9 project will provide a long-awaited boost to their bottom lines...

Canadian home prices are growing at one of the fastest paces in the world. Bring on the FEAR button crowd The surge in Canadian home prices in the second quarter of 2015 ranked among the biggest gains in global real estate markets, a Scotiabank study said Thursday. With an 8.2 per cent rise...

Eagle Spirit Energy’s pipeline plan in northern B.C. gets backing of First Nations chiefs CALGARY – As other pipeline proposals from Alberta’s oilsands to the West Coast appear stalled, Eagle Spirit Energy Holdings Ltd. claimed Tuesday that it now has the support of every First Nation chief...

News articles for October 2015.

U.S. shale towns grapple with new real estate crisis brought on by oil plunge: ‘We are overbuilt’ After struggling to house thousands of migrant roughnecks during the boom, the state faces a new real-estate crisis: The frenzied drilling that made it No. 1 in personal-income growth and job...

Global economic weakness to last into 2016: IMF's Lagarde A relentless deceleration in the economies of the developing world will cause global growth to slow this year and only pick up a bit more pace in 2016, the head of the International Monetary Fund said on Wednesday. In a speech that...

News articles for October 2015.

Only two recessions in Calgary since 1987 and both more severe than 2015 forecast. History of binge and purge “It’s going to be a recession, but by no means I don’t think is this going to be the worst one the city or the province has ever seen,” said Todd Hirsch, chief economist with ATB...

Alberta recession not stopping Canadians from moving to province Between April and June, more than 31,000 people came to Alberta from other provinces, said Hirsch, citing Statistics Canada numbers released Tuesday. About 23,000 packed up and left for greener pastures elsewhere in Canada during...

Result of AB gov't inaction? “This year alone we’re going to spend about $1.1 billion in Saskatchewan,” says Crescent Point Energy Crescent Point Energy isn’t about to let one of the biggest slumps in oil prices in recent history keep it down. Instead, Canada’s fifth-largest oil company is...

TransAlta cuts 239 head office employees in Calgary to save money Earlier this year, TransAlta “improved productivity” at its Canadian coal and mining business unit by reducing the head count by 247 employees and optimizing mine operations, changes which are expected to reduce annual costs by...

Everyone NEEDS clarity: International Investors ‘urge’ Alberta to speed up royalty regime, climate policy: Notley International investors have “urged” the Alberta government to move quickly on royalty regime and climate change policy changes, Premier Rachel Notley said Tuesday. “They were...

News articles for October 2015.