51% of entrepreneurs say investments in technology have changed their workforce
According to a new EY survey, technology is a key driver of job creation among entrepreneurs. In fact, over half (51%) of the world's top entrepreneurs agree that investments made in technology have changed their workforce - 81% of those saying it's led them to hire.
Canadian cities where real estate prices are actually falling
Despite warnings of bubbles about to burst in Canada`s major real-estate markets, there`s another side to the story: in some parts of the country, prices are actually falling.
The price index in Regina fell 1.47 per cent from April 2013 to April of this year. From October last year to this April, meanwhile, it dropped 0.92 per cent in Regina and 0.34 in Saskatoon.
Canada's receptive oil patch in line for trillions in new investment
The first trillion dollars came over one hundred years. The next trillion is likely to take only a dozen.
Last week, Western Canada`s oil and gas industry celebrated its centenary in Turner Valley, Alta. Since the time a big metal spike repetitively bashed a hole in the earth at an oil well named Dingman #1, Canada has grown to be the world`s fifth-largest producer of crude oil and natural gas.
Part time job numbers rise, full time work declines
Statistics Canada says the economy created about 25,800 net new jobs last month, although all of them were part-time and the unemployment rate edged up to seven per cent as more Canadians went looking for work in May.
In terms of full-time work, the agency says the economy actually shed 29,100 jobs, a poor result that was papered over by the gain of 54,900 part-time jobs.
Canada job growth 'anaemic': Economists look behind the headline to bleak big picture
Canadian jobs data released on Friday shows that despite the numbers beating expectations, the economy is still struggling to recover despite a strengthening U.S. recovery, economists say.
Although Statistics Canada said the economy created a net 25,800 jobs in May, all of them were part-time. Full-time jobs dropped by 29,100, bringing the two-month loss to a round 60,000 positions.
Joe Oliver says national securities regulator could become reality by fall 2015
MONTREAL ` Canada`s finance minister believes the government`s long-sought goal of a single national securities regulator could become a reality by the next federal election, scheduled for the fall of 2015.
`I think it is very positive that Canada, British Columbia and Ontario entered into this agreement in principle [on a national regulator]. We`re expecting there will be a number of other provinces coming on board soon,` Joe Oliver told the Financial Post on Monday.
Credit unions take on banks in mortgage wars with rates as low as 2.69%
The latest salvo in mortgage rates wars among financial institutions appears to be coming from credit unions, free from federal regulation and ready to take on the banks.
Canadian home starts heat up to 7-month high in May
OTTAWA ` Canadian home construction showed surprising strength in May, beating market expectations and continuing to defy expectations of a slowdown as the pace of housing starts hit a seven-month high.
The 0.8 per cent gain in May to a seasonally adjusted annual pace of 198,324 starts built on the previous month's rebound from the near five-year low of 157,500 set in March, which increasingly appears to have been related to unusually poor weather.
OTTAWA, ONTARIO`(Marketwired ` June 9, 2014) - Housing starts in Canada were trending at 184,438 units in May compared to 183,872 in April, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR)[sup](1) [/sup]of housing starts.
`In May, the trend in housing starts was virtually unchanged for the third consecutive month. This is in line with CMHC`s analysis indicating that the new home construction market in Canada is headed for a soft landing in 2014,` said Bruno Duhamel, Manager, Housing and Economic Analysis. `Builders are expected to continue to manage their starts activity in order to ensure that demand from buyers seeking new units is first channeled toward unsold completed units or unsold units that are currently under construction, including condominium units.`
World's richest people sitting on gigantic piles of cash that aren't earning them anything
Canny caution or bumbling oversight, the world`s richest people have retained huge stockpiles of zero-yielding cash throughout the recent surge in financial asset prices.
Their persistence may have, counter-intuitively, prolonged the buoyancy of those very assets in the process ` helping to inflate the outsize wealth of the super-rich further.
Booming Alberta expected to fuel bulk of Canadian job gains over the next two years
OTTAWA ` The Royal Bank says most of Canada will experience stronger economic growth this year and next, but only Alberta will see the kind of gains that will make a real impact on job creation.
More than half of provinces have lost jobs in the past year
Canada`s economists can`t stop talking about last Friday`s jobs report. We at HuffPost have been harping on it too, and we promise to stop soon, but before we do, just one more thing.
TORONTO ` Are you a renter? If so, you may want to avoid Vancouver and think about moving to Sherbrooke.
According to new data collected in April by the Canada Mortgage and Housing Corporation (CMHC), the highest average monthly rents for two-bedroom, primary purpose-built apartments were in Vancouver ($1,274), Calgary ($1,267) and Toronto ($1,241).
The federal government needs to limit the percentage of a mortgage loan it is willing to insure against default in order to protect taxpayers if the overheated housing market goes bust, according to a new report on Canada by a major international think-tank.
In the first major survey of the Canadian economy in two years, the Organization for Economic Co-Operation and Development takes particular aim at risks in the housing market, while also chiding the country`s environmental record, the oilsands and skills training.
Canadian employers reveal where they will and won't be hiring over the coming months
Canadian employers say that they are planning to hire at a slightly faster rate in the third quarter of 2014, according to Manpower`s latest Employment Outlook survey released this morning.
This regular survey of hiring intentions predicts the slow and steady increases in employment that we have seen for the past few months will continue through the summer and into the fall. Workopolis made a similar prediction last week that job openings would continue to increase in Canada through the summer of 2014.
