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Mortgages Looking Good for Canadians Right Now

According to a recent report by DBRS, it has never been easier for a Canadian to pay his or her mortgage than right now. Rates are relatively low anywhere from 1.99 per cent for a variable mortgage to 3 per cent if you choose to lock in your interest … [more]

Quebec’s Liberal Party victory – good for Canada, maybe not so good for oil & gas

The election of the Quebec Liberal Party last month has generally been viewed as a “good thing” for the Canadian economy. And on a macro level it is. The election has put an end to any talk of another sovereignty referendum and it helped boost the Canadian dollar – both … [more]

Joe Oliver – an appropriate successor to Finance Minister Flaherty

When Finance Minister Jim Flaherty announced last month that he was stepping down there was fear that the Harper government wouldn’t be able to replace him. Thankfully the government had a natural successor in the wings in the person of Natural Resources Minister, Joe Oliver. Oliver is a familiar name to … [more]

Interest rates aren’t rising yet but builders are already tightening the reigns

The Bank of Canada decided at the start of March not to raise interest rates, but Canada’s housing market is already becoming cautious. The country saw a slight pickup in housing starts in February but economists are still predicting the market will cool this year. According to an earlier February report … [more]

Is unemployment on the rise again?

In the last month of 2013, the Canadian economy lost 45,900 jobs raising our unemployment rate to 7.2 per cent from 6.9 per cent according to Statistics Canada (StatsCan). It’s a serious blow to the confidence of Canadians considering the original StatsCan prediction was that the country would gain 14,000 … [more]

Canada: Quickly approaching financial surplus

Federal budget deficits – they are something Canadians thought we had gotten rid of before the 2008 financial crisis. For the period of April-October 2013, the most recent period for which data is available, the federal deficit sat at $13.23 billion, up from $11.95 billion a year earlier. One of … [more]

The future of Alberta’s oil sands is secure

With the discovery and increasing use of shale gas reserves in the United States, there have rumblings about the future of Alberta’s oil sands. But the discussion may be just that – rumblings. The oil sands have been through ups and downs before and why should the present be any … [more]

Canadian Senate reform needs to be a priority

With the recent expense scandal that has plagued the Senate in Ottawa, shouts have gone out calling for reform of the upper chamber. While the scandal has been a public relations crisis for the Harper government, it has allowed the Conservatives to push for something they had original called for … [more]

Poverty rates in Canada at all-time low

We all hear the regular stories in the media about how poverty in this country is on the rise. But we rarely hear anything contradicting that. So is it really true, or is it a trendy opinion that is simply not questioned? There was a recent report that poverty in … [more]

Toronto a good place for foreign investment

From left to right is Frank Hermanns, Vice President; Clemens Sels, President; Ralph Weckesser, Quality Manager – Assets and Operations Once again, commercial real estate in Toronto, Ontario Canada is proving to be a good place for foreign investment.  The recent sale of a major downtown office portfolio by … [more]

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