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Canadian Economy Due for a Major Rebound
Mar 11, 2010 8:50 - 0 Comments
A new forecast from RBC Economics says that Canada’s economy is set for real Gross Domestic Product (GDP) growth of 3.1% this year and 3.9% in 2011.
RBC has noted that a peak in stimulus investment, improved credit markets and a recovery in consumer spending are pushing the increase of GDP growth.
Craig Wright, chief economist has [...]
Bank of Canada Maintains Low Interest Rate
Mar 2, 2010 9:45 - 0 Comments
Canadians are almost certain to be enjoying the historically low interest rates for at least another 4 months now that the Bank of Canada has missed the opportunity to have a policy change today.
The central bank acknowledged during its scheduled policy rate announcement that the economy has improved, even to the point that exceeds their [...]
CIBC: Recovery will be Difficult
Jan 18, 2010 7:31 - 0 Comments
Canada’s economy faces a bump on the road on its path to recovery notes a new forecast by Canadian Imperial Bank of Commerce (CIBC).
The CIBC report says that the economy will grow by a strong 3 % annualized in the first half of this year as factories work to replenish depleted inventories and the housing [...]
Future Home Value
Jan 7, 2010 7:29 - 0 Comments
When looking to purchase a home you have to remember that although it will be the place your and your family will live in, it is also an investment and like any other investment, you will want to see it grow.
A question that you will find yourself asking is how much your home will be [...]
Understanding Home Prices: The Economy
Jan 6, 2010 8:10 - 0 Comments
The last factor that you have to take into consideration for your house price is the state the economy is in.
This factor is something that you cannot control, but it will definitely affect your house price.
What the economy particularly influences are interest rates. Higher interest rates mean it costs more for mortgage, in which fewer [...]
Canadian Housing Bubble Fears Decrease
Dec 18, 2009 7:43 - 0 Comments
Canada’s real estate market is finding its balance; with a surge in new listings in November, it has helped ease the supply shortage and prices from a month earlier, easing fears of a bubble in the making, although the rebound in the market continued.
Economists have been looking for exactly this because a stead string of [...]
Canadians in More Debt
Dec 15, 2009 8:07 - 0 Comments
A report from Statistics Canada shows Canadians are deeper in debt that even before, however with record low interest rates it means that debt loads are still manageable and likely to improve as the economy begins to improve from the recession.
Household net worth has reached $5.72 trillion at the end of September, making this an [...]
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