Lenders stepped up U.S. home repossessions in May LOS ANGELES, Calif. - Lenders stepped up action last month against homeowners who had fallen behind on their mortgage payments, taking possession of more homes and initiating the foreclosure countdown clock on many others. Completed...

U.S. labour market tighter than it looks There is ongoing commentary that posits much of the decline in the U.S. labour force participation rate is due to the aging profile of the population and, as such, does not reflect a widening gap between the skills the jobs market has to offer and the...

Sharper housing correction is possible, says BoC The patient is doing better but is still in intensive care: That`s the Bank of Canada`s latest assessment of risks to the Canadian financial system amid a prolonged period of fragility for the global economy. Risks to the Canadian...

OECD chief on Canadian housing: It's not a bubble (just way overvalued) The OECD may rank Canada`s real estate market as one of the most overvalued in the world, but don`t equate that with bubbly. Angel Gurria, the secretary-general of the Organization for Economic Co-operation and...

Saskatchewan needs $20-$30 billion a year in capital Saskatchewan will need to attract $20 billion to $30 billion in capital investment annually for the next 20 years to finance its rapid economic and infrastructure growth, according to a Conference Board of Canada re-port. How well the...

Vancouver Council gives Oakridge centre plans thumbs up The City of Vancouver has endorsed a plan to radically redevelop the aging Oakridge Centre into a high-density retail and residential hub. The massive project will now proceed to a public hearing, where area residents worried their...

Petronas expects to invest up to $16 billion in LNG export facility in BC VICTORIA ` Global energy corporations are "dead serious" about investing in British Columbia's potential as a world supplier of liquefied natural gas, said provincial Natural Gas Development Minister Rich Coleman after...

Fraser Institute says BC should balance its budget, reduce taxes, and harness natural resources With her Cabinet unveiled, the reality of governing now takes hold for Premier Christy Clark. In setting the government`s post-election agenda, the focus should squarely be on economic (income)...

Mississauga home prices rise in May Residential property sales recorded through the MLSÂ System of the Mississauga Real Estate Board remained below year ago levels in May 2013, but they were up from earlier this year. Home sales numbered 1,197 units in May, down five per cent from...

Steady hiring climate expected for Calgary CALGARY ` Calgary area employers expect a steady hiring climate for the third quarter of this year with many of them in a holding pattern waiting for a decision on the Keystone pipeline project, according to the latest Manpower Employment Outlook...

Alberta to be one of Canada's economic leaders CALGARY ` Four provinces, including Alberta, can expect to see their economies growth faster than the national average this year, according to the Conference Board of Canada. In its Provincial Outlook: Spring 2013, released Wednesday, the...

Canada crude - synthetic rises on lower supply expectations CALGARY, Alberta, June 11 (Reuters) - Canadian light synthetic crude prices rose on expectations of lower supply on Tuesday, extending gains from Monday's sharp jump higher when Syncrude Canada Ltd said a coker at its northern...

Home prices rise 2%: a crash isn't forecast, but neither are big gains Canadian home prices rose 2 per cent in May, a slow ascent in an overall reading that masks regional differences. While prices in Vancouver and Victoria sank, others climbed over the course of the year, according to...

Scotia report counters '30% overvalued' concerns The bank released its new Global Real Estate Trends report just days after the OECD ranked Canada as the third most overvalued market in the world. Scotia's analysis is relatively cheery by comparison. Its report argues that Canadian house...

Global energy companies 'dead serious' about BC's natural gas VICTORIA - Global energy corporations are "dead serious" about investing in British Columbia's potential as a world supplier of liquefied natural gas, said provincial Natural Gas Development Minister Rich Coleman after a $16...

Regina city council votes on long-term growth A comprehensive set of new policies passed at Monday night's Regina City Council meeting could mean your children or grandchildren will have a lot of new neighbours. A lengthy meeting saw Council sign off on a new long-term plan to set...

Calgary house price growth highest in Canada CALGARY ` Calgary experienced the best monthly growth rate in house prices in May for repeat home sales across the country, according to a new report released Wednesday. The Teranet-National Bank National Composite House Price Index said...

22-storey apartment approved for Calgary Beltline A couple of inner-city aldermen lashed out at condo owners` anti-renter rhetoric Monday, as council approved a 22-storey rental tower in the Beltline. Opponents from shorter towers near the proposed building at 16th Avenue and 12th Street...

Pace of Canadian hiring to slow Job seekers should shed any illusions they have that the near-record number of jobs added in May means that the country`s labour market is suddenly booming, according to a new employment forecast. The pace of new jobs added over the summer months will...

Spring puts bounce back in Canadian housing prices TORONTO ` Canadian home prices jumped in May from April as a spring rebound in real estate continued in most cities, offsetting a couple of weak markets, the Teranet-National Bank Composite House Price Index showed on Wednesday. The...