Canada's longest housing boom since the end of Word War Two has ended, Bank of Nova Scotia said Thursday, joining a growing crowd of observers at the funeral for soaring real estate prices.
However, there is little or no danger that Canada will experience the sort of market collapse and tidal wave
The number of Canadians who now expect housing prices to fall has more than doubled since last spring, a survey by a mortgage brokers group has found. The figure now stands at 35 per cent, the Canadian Association of Accredited Mortgage Professionals (CAAMP) said yesterday in releasing its annual fa
TORONTO — The General Motors of Canada Ltd. pension funds had a shortfall of $4.5-billion as of last November – before the stock market collapse – creating a massive financial headache for the Ontario government and pension cuts for retired employees if the company falls into ba
ATLANTA — Home Depot Inc. said Tuesday its third quarter profit sank 31 per cent on slow sales at established locations as consumers continued to cut back on spending.
The company said the housing and home improvement markets remain challenging, and forecast a steeper drop in sales for the
Monday, Nov. 17
Lowes, Target report
Lowe's Co. Inc. and Target Corporation releases third-quarter results. Lowe's is expected to post a share profit of 28 cents (U.S.), down from 43 cents in the year-before period, while a 49-cent share profit if forecast for Target, down from 56 cents last year.
TORONTO, VANCOUVER -- In the six weeks since Vicky and Mike Plover put their Kelowna home up for sale, a healthy housing correction has morphed into the worst decline in a generation.
Prices in the B.C. Interior region tumbled by 11.2 per cent last month from the previous October, the sharpest de
Canada's trade surplus declined by more than $1-billion in September – to $4.5-billion from $5.6-billion in August, as exports declined and imports rose, Statistics Canada said Thursday.
This marks the lowest trade surplus since January, 2008, Statscan said.
“Canadian exports declined
LONDON — The world's developed economies have slid into recession and will shrink further in 2009, a top international organization said Thursday.
In its latest economic forecasts, the Paris-based Organization for Economic Co-operation and Development said gross domestic product was likely
Canada's longest housing boom since the end of Word War Two has ended, Bank of Nova Scotia said Thursday, joining a growing crowd of observers at the funeral for soaring real estate prices.
However, there is little or no danger that Canada will experience the sort of market collapse and tidal wave
The number of Canadians who now expect housing prices to fall has more than doubled since last spring, a survey by a mortgage brokers group has found. The figure now stands at 35 per cent, the Canadian Association of Accredited Mortgage Professionals (CAAMP) said yesterday in releasing its annual fa
TORONTO — The General Motors of Canada Ltd. pension funds had a shortfall of $4.5-billion as of last November – before the stock market collapse – creating a massive financial headache for the Ontario government and pension cuts for retired employees if the company falls into ba
ATLANTA — Home Depot Inc. said Tuesday its third quarter profit sank 31 per cent on slow sales at established locations as consumers continued to cut back on spending.
The company said the housing and home improvement markets remain challenging, and forecast a steeper drop in sales for the
Monday, Nov. 17
Lowes, Target report
Lowe's Co. Inc. and Target Corporation releases third-quarter results. Lowe's is expected to post a share profit of 28 cents (U.S.), down from 43 cents in the year-before period, while a 49-cent share profit if forecast for Target, down from 56 cents last year.
TORONTO, VANCOUVER -- In the six weeks since Vicky and Mike Plover put their Kelowna home up for sale, a healthy housing correction has morphed into the worst decline in a generation.
Prices in the B.C. Interior region tumbled by 11.2 per cent last month from the previous October, the sharpest de
Canada's trade surplus declined by more than $1-billion in September – to $4.5-billion from $5.6-billion in August, as exports declined and imports rose, Statistics Canada said Thursday.
This marks the lowest trade surplus since January, 2008, Statscan said.
“Canadian exports declined
LONDON — The world's developed economies have slid into recession and will shrink further in 2009, a top international organization said Thursday.
In its latest economic forecasts, the Paris-based Organization for Economic Co-operation and Development said gross domestic product was likely
The Bank of Canada announced Wednesday another batch of measures to get credit markets working more smoothly.
In a press release, the central bank said it will put an additional $8-billion into one-month money markets, spread out in four auctions over the next few weeks, through a newly created Can
The Canadian dollar fell by 1.5 cents (U.S.) in early trading Wednesday as the price of crude oil skidded below $58 a barrel.
The commodity-sensitive loonie dipped to 82.08 cents against the rising U.S. dollar by mid-morning.
“The bears were running the game overnight amid concerns about w
SUBJECT: The outlook for commodity prices over the medium term.
SIGNIFICANCE: Economic turmoil and a deepening recession have dented demand for commodities, leading to a precipitous drop in commodity prices. While weak commodity prices over the medium term could aid recovery from the current do
.jpg)
.png)
.gif)
.jpg)
