In the latest Economic Outlook repot from RBC Economics, it notes that Canada’s economy is set for rapid growth in 2010 with real Gross Domestic Product (GDP) is projected to grow by 3.6% reflecting strong domestic demand and increased job creation. Canada’s real GDP grew at 6.1% in the first quarter, making this the fastest

Ottawa has won the recent key battle in the campaign against a universal bank tax. On Saturday, June 5th, we saw G20 finance ministers agree to let countries manage their banks as they see fit, rather than impose a tax on banks that would help pay for any future bailouts. Canadian Finance Minister Jim Flaherty

Debt is a part of life, but when debts careen beyond control to a point where you can no longer repay, filing for personal bankruptcy is a way out. However, before you file for bankruptcy, there are important repercussions you should consider, especially facts related to your life insurance premiums. Bankruptcy and life insurance If

While going through some of the Canadian personal finance blogs I have bookmarked, I came across an interesting article from The Financial Highway. The article I am talking about is titled “25 Basic Steps to Getting Rid of Debt”, the information listed does include many facts you may already know, however I found a few

For many people, we hate to admit when we are wrong; similarly, we can find it hard to admit when we are in debt. By admitting that we are in debt, we admit that we made huge mistakes with our finances. It is very important that you are able to acknowledge when you finances are

At one point in our lives we will have debt. The task to getting rid of it can be daunting, to say t the very least, however it is not impossible. By following these 5 steps, it will help you climb your way out of the hole of debt you have created. 1. Track Spending

According to the Organization for Economic Co-operation and Development (OECD), the Bank of Canada should start raising interest rates as soon as possible so the economy does not become overstimulated. The OECD watches economic conditions for 31 of the world’s most developed countries. The OECD went on to say that these temporary stimulus measures, such