canada economy: Will a Rising Canadian Dollar Help Homeowners? - 11/02/09 06:12 PM
I'm on Peter Kinch's mailing list because you never know when you'll need a top quality mortgage broker and you can never get enough insight into mortgage interest rates. Here is a recent mailout:In case you missed it the following is a copy of the interview between Peter Kinch and Russell Byth that aired Sunday, November 1st on News 1130
Russ: There's been a lot of talk recently about Canada's economic recovery and a key component of that recovery has been record low interest rates. So, does an economic recovery spell the end of low rates for homeowners?
On the … (0 comments)
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canada economy: Faster forests cleaner oil - 08/06/09 08:18 AM
While the oil sands produce a larger chunk of the Canada's greenhouse gases the pros outweigh the cons. Canada as a whole benefits and will benefit from jobs for up to 5.4 million Canadians by 2020. Imagine the housing needs then. Everyone knows that the oil sands' pros far outweigh the cons and would be foolish to say no to their significant contribution to Canada's economy.The Alberta government has taken A LOT of flak for the environment in Northern Alberta. Yet it seems to be doing so much to right the environment.Recently the province announced plans to more than triple the … (0 comments)
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canada economy: Oil - Canada's economic saviour - 08/04/09 08:08 PM
Alberta's economy was hit by the recession as was the rest of the country. The province saw record job losses, debt and housing prices declines but when it comes to rejuvenating the countries economy it will be oil that gets things going again. Oil prices have yet to rebound to the anticipated figures for this period so Alberta's deficit will get that much bigger. The stability that is necessary for the province to rebound is still not happening and may not happen till 2010. Alberta may be diversified but it is still a resource based economy.We're all waiting for the upturn … (0 comments)
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canada economy: Good news and bad news - 06/28/09 09:28 PM
Alberta's economy will take some hits before rebounding in 2010 according to Premier Ed Stelmach."It's just not oil and gas prices, but it's the value of the dollar, the manufacturing sector, and that's why we're promoting Alberta globally, because we have to find new markets for our products." RBC says that Saskatchewan, Manitoba and Nova Scotia are expected to show economic growth in 2009. The rest of the provinces should be on track by 2010.So basically Alberta, a province with until recently the most growth, will experience negative growth like most other Canadian provinces until 2010.What's the good news?"The good news … (0 comments)
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canada economy: An event not to miss - 06/24/09 07:43 AM
If you really want to know what's going on with the economy in Canada and aren't afraid of knowing the REAL facts not the hype then you must go to this event:Real Estate Investment Network(TM) (REIN(TM)) will host the Canadian Economic Summit on June 26th in Edmonton. Some of Canada's top economists will be providing unbiased opinion and analysis on the fundamentals of the Canadian economy (locally and nationally) and its impact on the bottom line for investors and business owners. Among the speakers will be Mary MacGregor, Chief Economist for the Government of Alberta.
Other speakers include:
Carl Gomez, Bentall … (0 comments)
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canada economy: Jeff Rubin On Canada's Future - 05/22/09 07:25 AM
From Globe and Mail
"Jeff Rubin, former chief economist at CIBC World Markets Inc., took your questions at Wednesday at 12:15 p.m.
Mr. Rubin built his reputation on a number of successful predictions, including one in 2000 that oil prices would hit $50 (U.S.) a barrel within five years and correctly calling the residential real estate market bust in the early 1990s. He was named Canada's top economist a number of times.
Mr. Rubin recently forecast that the price of oil will reach $225 a barrel by 2012, and his book, called Why Your World Is About to Get … (0 comments)
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canada economy: Canada and Alberta Get Big Thumbs Up - 04/17/09 08:25 PM
Canada's natural resources are what the world needs.
"Despite its economic ills, Canada is the best place to ride out a worldwide recession, ....And the best place in Canada is Alberta.
"Compared to the ailing economies of nations such as the United States, Germany, France, Italy and Japan, Canada is faring well..."
"We've got a lot of problems in this country, but there's no country in the world that you want to be in to weather the economic storm (other) than in Canada," Warren Jestin Scotiabank's senior vice-president and chief economist Wednesday
Click Here To Read Full Article
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canada economy: Why Canada's Economy Is Rock Solid - 03/18/09 03:47 AM
My aunt forwarded this to me. I know it is quite late; now news a month old is ancient history. However, it is a good read and pretty bang on.An American Perspective Newsweek: Oh those Boring Canadiansby : Fareed Zakariain : NEWSWEEKFeb 16, 2009 The legendary editor of The New Republic, Michael Kinsley, once held a "Boring Headline Contest" and decided that the winner was "Worthwhile Canadian Initiative." Twenty-two years later, the magazine was rescued from its economic troubles by a Canadian media company, which should have taught us Americans to be a bit more humble. Now there is even more … (1 comments)
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canada economy: Why so glum? - 11/21/08 07:52 PM
I read an article the other day that Albertans are gloomier than most Canadians about the home prices. My question is why? The market is stable and compared to what is going on in the rest of the world very healthy.It seems to be a case of think it and it will be real. According to economist Canada is actually in pretty good shape. I think as Canadians we have been financially tied to the U.S for so long that we automatically assume that their financial crisis is ours.However in world terms Canada is doing very very well. "Canada is a … (0 comments)
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canada economy: I Know Who I Believe - 09/28/08 10:36 PM
Two Merrill Lynch economist report the real estate market in Canada is on the tipping point of a US style meltdown. In fact it's just a matter of time before the crisis happens and our overextended, hyper-leveraged population is going to see the same type of economic suffering that the US economy is currently battling."We fear . . . it may simply be a matter of time (before) . . . housing and credit markets in Canada crack," "Markets remain overly sanguine with respect to the prospects for the Canadian housing market, the financial sector and the overall economy." Merrill … (0 comments)
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canada economy: How Do YOU Rank Financially? - 05/12/08 12:10 AM
If you've ever wondered how your friend's pay cheques measure up to yours, you can take a peek at The all-Canadian wealth test on the Canadian Business site. Showing age, gender and provincial averages you can get a good idea of who is earning what where.Alberta looks to have the highest salaries across the board.My biggest question is the gender salary divide really that great?One other good read that my lead you to your millions is 10 laws of building wealth simple advice that makes a lot of "cents".
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canada economy: Loonie At A 33 Year Peak - 10/30/07 09:16 AM
"Canada's dollar touched the highest since 1974 on surging demand for the nation's commodity exports, with oil reaching an all-time high.The Canadian currency strengthened as the U.S. dollar fell against 11 of 16 most-actively traded currencies. The Federal Reserve is forecast to cut borrowing costs on Oct. 31 to prevent the world's largest economy from slipping into a recession, which would eliminate the U.S.'s interest-rate advantage over Canada."Read Full ArticleOne U.S dollar buys 96.02 Canadian cents. Look out for the snowbirds! … (2 comments)
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canada economy: More To Be Thankful For Than Usual - 10/08/07 08:08 PM
Canada's stellar economy, low un-employment rates and strong dollar leave Canadians a lot to be thankful for on this Thanksgiving Day."We live in a time of plenty. Our country is experiencing an exceptional period of harmony. Our governments in Ottawa and Quebec are in minority postures, which are notionally unstable but surprisingly functional most of the time.On Friday, StatsCan put out the best labour-market report in 33 years, which is to say in nearly two generations. Unemployment fell to 5.9 per cent in a country in which six per cent, because of our generous social safety net, is considered full employment. … (3 comments)
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canada economy: Gloom And Boom! - 09/30/07 10:35 PM
I’ve thought of the ultimate Halloween costume this year. Imagine dressing up as a ‘sub-prime mortgage meltdown’ and banging on doors trick or treating throughout the U.S. I’m sure that this would be one of the scariest costumes folks have seen in awhile.
Like many fears, once exposed, explained and understood they lose their bite…. Well in Canada anyway.
The sub-prime mortgage situation definitely has a wide arc and the ripple that it affects include; U.S. borrowers resulting in higher foreclosures, tighter lending criteria and potentially higher rates for commercial property buyers, credit card debtors, home builders, discount and luxury retailers, stock … (5 comments)
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canada economy: Canada's Housing Market - 08/23/07 07:56 PM
"What remains the greatest source of weakness in today's U.S. economy is a continued source of strength in Canada," "While the U.S. housing market is mired in deep recession, Canada's own housing market has demonstrated extraordinary resilience." Warren Lovely of CIBC World Markets Our great economy is due to low unemployment, rising incomes and low interest rates. Although sales in Edmonton and Calgary have slowed down due to an increase of properties listed on the market,the province of Alberta is leading price increases with CREA forecasting a 25% jump in housing prices by the end of 2006.Other leading provinces: *17.4 per … (0 comments)
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canada economy: Parking Rates Indicator Of Strong Economy - 07/26/07 07:31 PM
Hot demand and dwindling supply have parking rates increasing in Canada. Experts say that higher rates are an indicator of a healthy economy. If more people are out shopping and working the need for parking increases. "This suggests that the slowdown in consumer spending coupled with modest job gains had a cooling effect on parking rates. However, as the economy is anticipated to improve, and only a small amount of new parking supply is slated to come on-line, an increase in demand is expected to push rates even higher over the next year," Colliers InternationalWhat city is leading Canada? Calgary with … (2 comments)
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