Trade and Investment to Support Canada’s Economy In 2013: RBC Economics

Real GDP to increase to 1.9 per cent in 2013 TORONTO, June 19, 2013 — Canada’s economy started 2013 growing at a solid clip, as energy production continued to recover and the U.S. economy proved to be more resilient to a recession than was feared, according to the latestEconomic and Financial Market Outlook issued today by RBC […]

In a nation of borrowers, savings on the rise – Consult with Vancouver Mortgage Broker

Are Canadians switching from a nation of borrowers to a country of … savers? New numbers suggest they are. The household savings rate in Canada rose to 5.5 per cent in the first quarter of this year, according to GDP data released last week by Statistics Canada. That’s now well above the U.S. rate, which […]

Canadians have cause for economic optimism – Ask a Vancouver Mortgage Broker

Jim Flaherty’s forecast Tuesday of a weaker global economy, a bigger 2012 deficit than previously anticipated and a delay in the balancing of Ottawa books is likely to trigger the kind of headlines that get folks wringing their hands. Canada’s 1.4 million unemployed workers will fear an even longer wait for a decent job. A […]

Home building booms again

Garry Marr  Oct 11, 2011 Jonathon Rivait/National Post The Canadian housing market continues to defy the odds in the face of a world economic slowdown, as new statistics from Canada Mortgage and Housing Corp. show new home construction soaring again. The latest numbers put September starts at 205,900 on an annualized basis, a pace in line […]

Canada gets high score on quality of life index: study

By Derek Abma and Peter O’Neil Australia is seen as having the best quality of life among industrialized countries, one ranking ahead of second-place Canada, according to a report from the Organisation for Economic Co-operation and Development. However, it appears the clincher for Australia could be its high voter-turnout rates, which policy-makers in that country […]

BoC ups growth, stands pat on rates

OTTAWA — The Bank of Canada boosted its growth forecast Tuesday but threw a curve ball at Bay Street expectations for a July interest-rate hike by warning the “persistent strength” in the loonie could cause even greater headwinds for the economy. While some analysts still expect the central bank to start raising rates in July […]

CANADA’S ECONOMY GAINS TRACTION AS NET EXPORTS SURGE: RBC ECONOMIC

Strong gains expected to continue through 2012 TORONTO, March 11, 2011 — On the back of solid net exports in the final quarter of 2010, Canada’s economy finished the year on a high note recording stronger than expected gains, according to the latest Economic Outlook released today by RBC Economics. The biggest support for the […]