Archive For The “ConsumerEconomyMoney” Category

Edmontonians flock to Ritchie Market as local businesses open up shop: ‘We’ll all feed off each other’

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Edmontonians flock to Ritchie Market as local businesses open up shop: ‘We’ll all feed off each other’

Offering bikes, brews and brewed coffee, it’s bound to be a hub for hip and trendy Edmontonians and on Tuesday, the Ritchie Market opened its doors to much fanfare.“We’ve had so many people dropping by just to wish us well and congratulate us and business obviously has been unreal,” said Corey Meyer, owner and butcher…

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Credit card delinquencies rise sharply in Alberta and Saskatchewan: TransUnion

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Credit card delinquencies rise sharply in Alberta and Saskatchewan: TransUnion

A new study from TransUnion says Alberta and Saskatchewan had a big jump in credit card delinquencies last year.The study says 4.6 per cent of the credit cards in Alberta were seriously past due at the end of 2016.READ MORE: Alberta still has the highest consumer debt in CanadaWatch below: In December 2015, personal finance and…

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Canada’s economy expected to grow this year but home price surge could lead to economic slump: OECD

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Canada’s economy expected to grow this year but home price surge could lead to economic slump: OECD

TORONTO – Canada’s economy is projected to grow this year by 2.4 per cent, equalling what’s now expected in the United States and ahead of the other Group of Seven countries, according to estimates released Tuesday by the OECD.The Paris-based organization had previously said Canada’s economy was expected to rise by 2.1 per cent this…

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Fort McMurray wildfire rebuild: homeowners to be compensated for increased drywall duties

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Fort McMurray wildfire rebuild: homeowners to be compensated for increased drywall duties

Canada will slash anti-dumping duties on U.S. drywall imports after a trade panel ruled that maintaining levies imposed last fall would harm consumers and businesses, federal Finance Minister Bill Morneau announced Monday. Story continues below Related Trade tribunal ruling on drywall tariff could impact Fort McMurray rebuild Drywall tariff impacting southern Alberta consumers and builders…

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Gas prices are up but consumers are paying less for food, January inflation rate shows

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Gas prices are up but consumers are paying less for food, January inflation rate shows

OTTAWA – A surge in gasoline prices helped push Canada’s annual inflation rate well beyond expectations in January to 2.1 per cent – an increase that coincided with the implementation of new carbon-pricing policies in Ontario and Alberta. Story continues below Statistics Canada said Friday the 6.3 per cent increase in transportation costs was the…

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Gas prices are up but consumers are paying less for food, January inflation rate shows

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Gas prices are up but consumers are paying less for food, January inflation rate shows

OTTAWA – A surge in gasoline prices helped push Canada’s annual inflation rate well beyond expectations in January to 2.1 per cent – an increase that coincided with the implementation of new carbon-pricing policies in Ontario and Alberta.Statistics Canada says the higher cost for transportation was the contributor to the higher inflation rate, with gas…

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Surviving the slump: how to navigate today’s real estate market

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Surviving the slump: how to navigate today’s real estate market

Buying and selling a home can be a daunting procedure. The real estate market is tricky to maneuver and it can be hard to get your house noticed in Alberta’s current economy.Experienced real estate broker Len T. Wong believes things are starting to level out in the market after a couple of challenging years and…

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Shopping local good for Calgary retailers

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Shopping local good for Calgary retailers

Despite the downturn in the economy, some Calgary retailers have experienced an increase in sales this year.New data from Statistics Canada shows that between October 15th of 2015 and 2016, retail sales increased by 3.8 percent in Canada.The General Manager at the Livery, Kevin Rodrigues, told Global News that the store has been lucky because…

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Adopt a Teen: 4,800 Edmonton teenagers still need a Christmas gift

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Adopt a Teen: 4,800 Edmonton teenagers still need a Christmas gift

Thousands of Edmonton teenagers may go without a Christmas present this year, because a local charity has received less than half of the donations it needs to help underprivileged youths.The Edmonton Sun Adopt-A-Teen program says some 4,200 teens have been taken care of, but 4,800 teens still need a gift. Story continues below READ MORE: Edmonton…

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Okanagan housing market cooling off

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Okanagan housing market cooling off

KELOWNA — The housing market in the Okanagan is going through a cooling-off period.The Okanagan Mainline Real Estate Board (OMREB) says sales from Revelstoke to Peachland dropped last month with 571 sales in November compared to 779 in October, but an overall increase of more than four per cent from the same time last year.It says…

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