Canada’s economy grew for the second month in a row in October noted Statistics Canada making economists note once again to declare an end to the Great Recession. Cold weather and a good real estate market have helped the Canadians economy grow. As Canada began to use their heaters on properties bought with record low

Canadians are taking advantage of record low interest rates to buy homes and have racked up unprecedented debt levels; however a new report from CIBC World Markets Inc. notes that we are not headed for a U.S. style meltdown. The report includes an in-depth look at the Canadians housing and mortgage market, sharing the Bank

A new report from Statistics Canada show that Canadians are deeper in debt than ever before, however economists have noted that record low interest rates means that debt loads are still manageable and will likely improve as the economy begins to recover from the recession. Household net worth, which is the value of families such

Despite the warnings that have been said by bankers on the fact that consumers should be wary when taking household debt, Canadians are gaining an appetite for risk and taking on longer-term mortgages. The Canadian Association of Accredited Mortgage Professionals released a survey on Monday that shows 18% of mortgages are long-term compared with 16%

I do not know about you, but for me this week seemed to pass by in an instant. We have seen some interesting events throughout the week. Canadian Imperial Bank of Commerce (CIBC) reported that Canada’s domestic upturn should counter some of the drag that the rising loonie poses on corporate earnings. The loonie has

Canada is heading out of the recession and is poised to move forward with moderately strong and steady growth over the next 2 years noted the Conference Board. The forecast largely dismisses any fears of a “double-dip” slump that some analysts believed could arise as governments begin to withdraw stimulus programs after next year.  

Household debt is growing larger in Canada, expanding more than 7% year over year. Benjamin Tal, senior economist with CIBC World Markets noted that on an inflation basis, credit is rising at the fastest rate seen in any economic recession in the post war era. Driving the household debt is low interest rates. Canadians have