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Deficit shrinks as Economy Recovers

Deficit shrinks as Economy Recovers
The federal government might just be headed into a direction where there is a smaller deficit than was fear in the past year, all thanks to a quicker and stronger than expected recovery in economic activity. Ottawa reported that its deficit increases by a modest $902 million in February, compared to a $800 million surplus a year ... Full story
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RBC Economics: Housing Affordability Increases

RBC Economics: Housing Affordability Increases
Homeownership costs have increased slightly in Canada across all housing segments in the closing months of 2009, according to the latest housing report released today by RBC Economics. RBC Housing Affordability measure captures the proportion of pre-tax household income that is needed to service the costs of owning a home. In the 4th month of 2009, measures at ... Full story
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Economist Look Beyond Stimulus

Economist Look Beyond Stimulus
The Canadian economy is moving along again with the billions of dollars in government spending. Ottawa is now preparing to bring down its Economic Action Plan, which means that it is time for private sector businesses to take action and begin hiring new employees, investing in new equipment and machinery and boosting productivity. The questions economists have ... Full story
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Spending Cuts and Tax Increases Needed to Avoid Era of Deficits

Spending Cuts and Tax Increases Needed to Avoid Era of Deficits
Canadians are not facing the prospect of having spending cuts and taxes rising in order to cope with the fallout of an aging population which risks Ottawa to be in the red notes a parliamentary watchdog. With the tens of thousands baby boomers set to retire, we have the federal government looking at a grim financial ... Full story
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Ottawa Possibly Benefit Greatly from Mortgage Program

Ottawa Possibly Benefit Greatly from Mortgage Program
The emergency mortgage program that Ottawa will be extending next week by Finance Minister Jim Flaherty is expected to be very profitable for the federal government. Economists have estimated that Ottawa can see as much as $5 billion in chartered banks access the entire $125 billion that is available to them through a mortgage for cash swap ... Full story
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Calling for a “Watchdog” for Credit Card Rates

Calling for a
The Senate committee has begun to call on Flaherty to find a "watchdog" to oversee the credit and debate industries because the federal government has so far failed to restraint the climbing interest rates and fees.This recommendation is directed towards Flaherty' recent announment proposal to regulate credit cards; the Senate is arguing ... Full story
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$72B decline in Q1 for Personal Wealth

$72B decline in Q1 for Personal Wealth
Statistics Canada noted that the household net worth declined by $72 billion, or 1.3% in the first quarter due to falling real estate values and the stock market continue to erode assets. The rate of decline has slowed down since the last two quarters of 2008, where the cumulative loss was $438 billion. The ... Full story
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Bank of Canada Worries Over Loonie’s Climb

Bank of Canada Worries Over Loonie's Climb
With the loonie on the rise it allows us to make cheaper purchases or have the vacation you have deserved for so long but it would not be helping save jobs or put an end to the recession.The Bank of Canada is warning that the rise of the Canadian Dollar ... Full story
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