As you may know, we are getting rid of the pennies. The reason for this is that the government has realized it makes no sense to actually keep it. The fact is, it costs more than the penny is even worth to product. Now I am all for removing it, however not a fan of

A new report from CIBC World Markets Inc. has revealed that a debt ridden, thriftier consumer who has been hit by high gasoline prices will help make the second quarter of 2011 Canada’s weakest since the recession. The report expects that the Canadian real GDP to grow by only 1% this quarter, however the rebound

Canada’s economic recovery has proceeded on in the third quarter, however the pace of growth has slowed for the second straight quarter after losing traction in the spring amidst the softness in the U.S. economy, according to the latest Economic Outlook report from RBC Economics. With the financial market conditions improving and with monetary policy

Two of Canada’s big banks have disappointed investors as they reported lower than expected profits due to higher expenses, declines in trading, and a decline in investment banking income. Canadian Imperial Bank of Commerce (CIBC) has explained that the reason they had higher losses is due to how it structured its credit portfolio and lower

Canadian Imperial Bank of Commerce (CIBC) has released its first quarter earnings for the season with a huge increase in revenue and profit compared to last year. For the quarter which ended on January 31st, 2010, the reported profit is $652 million. A large portion of the earnings for this quarter came from CIBC’s Canadian