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Thousands still without power in Cape Breton and eastern Nova Scotia
Thousands still without power in Cape Breton and eastern Nova Scotia Some may have to wait until 11:30 p.m tonight before power is restored Power line technician Scott Leyte working overnight to try and restore power in New Glasgow. (Harold MacLeod/Nova Scotia Power) It’s a cold morning for thousands of people in Cape Breton and […]
CBC adopts SecureDrop to allow for anonymous leaks
CBC adopts SecureDrop to allow for anonymous leaks Encrypted technology allows users to anonymously share files, messages online without being tracked CBC’s SecureDrop is a web-based system that allows whistleblowers to confidentially reach our journalists, including those who work in investigative units across Canada and on our leading programs. (Getty images) Dave Seglins is a […]
EI claims rose 9.2% in the year to November with Alberta hardest hit
EI claims rose 9.2% in the year to November with Alberta hardest hit More than 31,000 new jobless in Alberta as EI rolls climb to 544,200 There have been several rounds of layoffs in the oilpatch since 2014, with trades, transport, technical support, finance and management affected. (Todd Korol/Reuters) The number of Canadians receiving employment […]
Average Canadian house price up another 12% to $454,342
Average Canadian house price up another 12% to $454,342 But if B.C. and Ontario are stripped out, average house price declined by 2.2% last year Hot markets in Toronto and Vancouver are skewing the national average price of a Canadian home higher, CREA says. (Daniel Acker/Bloomberg) The average price of a Canadian home increased by […]
Condo sales with no cash down payment proposed by B.C. developer
Condo sales with no cash down payment proposed by B.C. developer Buyers would get a discount, which would become a virtual down payment Townline wants to sell condos in The Strand development in Port Moody, B.C., to buyers who don’t have the cash for a down payment. (Townline) A B.C. developer wants to sell condos […]
Cheap Canadian dollar making fruits and vegetables much more expensive
Cheap Canadian dollar making fruits and vegetables much more expensive Produce prices went up by around 10 per cent last year and may double inflation in 2016 Food and vegetable prices are on the rise because virtually all the produce consumed in Canada comes from the U.S. where the greenback is soaring. (Lynne Sladky/Associated Press) […]
Canada’s job recovery will reflect growing divergence between resource and export sectors: Don Pittis
Canada’s job recovery will reflect growing divergence between resource and export sectors: Don Pittis Bank of Canada governor Stephen Poloz says rebuilding Canadian economy might be a 5-year healing process Bank of Canada governor Stephen Poloz says the country is on track for slow job growth. But also expect a growing divergence between a weakening […]
Stephen Poloz discusses impact of opposing U.S., Canadian monetary policies
Stephen Poloz discusses impact of opposing U.S., Canadian monetary policies Central bank will ‘continue to run an independent monetary policy, anchored by our inflation target of 2%’ Stephen Poloz cut the Bank of Canada’s benchmark interest rate twice last year. The Bank of Canada sent a strong signal today that it is content to allow […]
Canadian dollar dips below 71 cents for 1st time since 2003
Canadian dollar dips below 71 cents for 1st time since 2003 Oil and threat of global conflicts weigh on risky loonie The Canadian dollar is dropping to levels not seen since the summer of 2003. (Pawel Dwulit/Bloomberg) The Canadian dollar lost more than half a cent this morning, pushed down by oil prices and widespread […]
Household debt still rising, but most Canadians in decent shape: experts
Household debt still rising, but most Canadians in decent shape: experts Bank of Canada worries some Canadian households may be over their heads Most Canadians handle debt well, but a small minority have so much, they might everntually be in trouble. (CBC) Canadian households will close out 2015 carrying thicker layers of debt after worrisome […]
Bank of Canada says housing, debt threaten financial system
Bank of Canada says housing, debt threaten financial system Central bank releases financial system review that focuses on small group of highly indebted people Bank of Canada governor Stephen Poloz told a news conference on Tuesday that the bank is watching a small group of Canadian households that are highly indebted. (CBC) Household indebtedness and […]
Halifax Superstores warn of short supply due to weather, dollar
Halifax Superstores warn of short supply due to weather, dollar Grocery bills likely will go up in 2016 due to vegetable and fruit prices, a report says Inflation is modest at 1 per cent, but the price of fresh vegetables was up 11.5 per cent in September, Statistics Canada said. (Jacques Boissinot/Canadian) Some grocery stores […]
Canadian dollar on track for 2nd-worst year ever
Canadian dollar on track for 2nd-worst year ever Currency is down 17% year-to-date against the U.S. currency The Canadian dollar hasn’t been at par with the U.S. dollar for three years. This year, the loonie’s slide against the American dollar was one of the biggest ever. (Mark Blinch/Reuters) The word “beleaguered” — often used to describe […]
Canadian dollar tumbles to close below 72 cents US
Canadian dollar tumbles to close below 72 cents US Oil slips below $35 US amid continuing strength of U.S. dollar Some analysts say the loonie could eventually fall to 70 cents US as the currency is pressured by low commodity prices, and the diverging interest rate policies of Canada and the United States. (Mark Blinch/Reuters) […]
Doomsayers are wrong (so far) as U.S. Fed raises rates: Don Pittis
Doomsayers are wrong (so far) as U.S. Fed raises rates: Don Pittis Breaking the ice on frozen rates has calmed markets, not roiled them U.S. Federal Reserve chair Janet Yellen oozed confidence as she announced a hike in interest rates yesterday. Markets responded in kind. (Reuters) “Remember, we have very low rates and we’ve made […]
