Archive For The “CanadaEconomyMoney” Category

N.B. Multicultural Council launches loan program for immigrants working outside previous profession

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N.B. Multicultural Council launches loan program for immigrants working outside previous profession

The New Brunswick Multicultural Council (NBMC) has launched an initiative to help immigrants receive the training required to bridge the gap between their previous work experience and the ability to work in that field in Canada.READ MORE: Immigration pilot project receiving criticism from N.B. opposition Story continues below A federal pilot project running from 2011-2015 provided…

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Could this be the year that Canada finally recovers from its 15-year tourism slump?

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Could this be the year that Canada finally recovers from its 15-year tourism slump?

Could sesquicentennial celebrations and the weak loonie help Canada to finally bridge its 15-year tourism gap?Canada hasn’t yet bounced back from a tourism slump that started after 9/11, with security-conscious Americans skipping on international travel, and was later exacerbated by the financial crisis and a strong Canadian dollar, according to RBC economist Laura Cooper.READ MORE: Why this may be the best summer ever to…

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Energy propels Canadian exports to record high in March

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Energy propels Canadian exports to record high in March

OTTAWA – The energy and consumer goods sectors helped Canadian exports rise to a record high in March as the country’s trade deficit narrowed to $135 million, Statistics Canada said Thursday.Economists had expected a deficit of $800 million, according to Thomson Reuters. Story continues below “This is a solid report,” said Benjamin Reitzes, Canadian rates…

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Canadian GDP growth flat in February

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Canadian GDP growth flat in February

Canadian economic growth took a pause in February after the break-neck pace seen at the start the year. Statistics Canada said Friday gross domestic product was unchanged in February, matching the expectations of economists, according to Thomson Reuters.February followed three months of gains including stronger-than-expected growth in January.READ MORE: Trump’s NAFTA flip-flopping a classic negotiation ploy, trade…

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Lower food prices offsetting higher gasoline costs for Canadians

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The country’s annual inflation rate slowed to an unexpectedly weak 1.6 per cent last month as the continued decline in food prices played a big role in offsetting the higher cost of gasoline, Statistics Canada said Friday.READ MORE: Why this is going to be the most expensive year for gasoline since 2014 Story continues below The…

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Canadian home sales hit record high in March, with gains in over half of local markets

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Canadian home sales hit record high in March, with gains in over half of local markets

The Canadian Real Estate Association says home sales last month hit a record high.The association says home sales over its Multiple Listings Service system increased by 1.1 per cent in March to top the previous monthly record set in April 2016.READ MORE: Did you sell your home in 2016? Let the CRA know or else…Sales were…

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Canadian housing price trend ‘very similar’ to U.S. just before the crash: National Bank

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Canadian housing price trend ‘very similar’ to U.S. just before the crash: National Bank

Over half of urban markets tracked by National Bank of Canada are seeing home prices increase by 10 per cent or more a year.“This record proportion is very similar to that observed in the United States in 2005 at the peak of the market,” chief economist Stefane Marion wrote in a recent research note.READ MORE: Canadians are…

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Construction of new homes in Canada hits highest level in nearly a decade

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Construction of new homes in Canada hits highest level in nearly a decade

The annual pace of housing starts increased more than expected in March and hit their highest level since September 2007.The Canada Mortgage and Housing Corp. says the seasonally adjusted annual rate of housing starts for March came in at 253,720 units, up from 214,253 in February.READ MORE: CMHC mortgage insurance premiums: Here’s how much costs rose…

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Canada’s labour market stays strong in March, as factory jobs post biggest gain since 2002

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Canada’s labour market stays strong in March, as factory jobs post biggest gain since 2002

Canada’s labour market gained another 19,400 net jobs last month – and the vast majority of the new work was full time.But latest Statistics Canada job survey also shows the bulk of those new positions were in the self-employment category, which can include people working for a family business without pay. The agency says the…

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Bombardier delays executive pay hikes amid public outcry

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Bombardier delays executive pay hikes amid public outcry

MONTREAL – Bombardier further retreated Sunday on a hefty pay increase to six senior executives, announcing they would defer receiving payment on a sizeable chunk until a later time.A statement from company President and CEO Alain Bellemare late Sunday said he has asked the transportation giant’s board of directors to defer more than half of…

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