The Canadian economy is showing signs of life, after posting lackluster growth in the back half of last year.
The economy grew at an annualized pace of 2.5 percent in the first quarter, Statistics Canada said in Friday, its strongest rate of expansion in six quarters and comes after posting growth of just 0.9 percent in the fourth quarter of last year.
Economists were expecting 2.3-percent ...
As you lounge in the solarium overlooking the lake, drinking your cappuccino before taking a dip in the heated indoor pool, it would be easy to forget you are living in the winter city of Calgary.
Sales of luxury homes priced at more than $2 million continue to grow in the Calgary region, but it is unlikely you will find many like this European-style custom build — a dream home built by its ...
Despite the recent slowdown in the Canadian housing market, there is no reason to believe the country is heading for a full-blown downturn, Peter Norman, Chief Economist, Altus Group tells BNN(AIF-T 8.07 0.00 0.00%).
Canada has seen three major housing downturns in the last three decades including one in Calgary in 1982, another in Southern Ontario in early 1990s, and in Vancouver in 1998.
...More than $9 billion of oil sands investment is at risk in the next seven years – of which $2.4 billion could disappear altogether – if the Keystone XL pipeline is cancelled or further delayed, says a report from RBC Dominion Securities.
The report, released Monday, builds on an earlier RBC analysis that warned that as much as a third of oil sands growth, or 450,000 barrels a day, could be p ...
There's no "doom and gloom" in Canada's housing market, Finance Minister Jim Flaherty said on Monday, suggesting he sees a soft landing rather than a U.S.-style collapse as demand and prices cool.
"When I look at the housing market, I'm looking for the 'doom and gloom.' I don't see the 'doom and gloom,'" Flaherty told reporters, referring to market players who predict Canada has a housing bu ...
