Economy

Best Canadian cities for economic growth

The Canadian city with the largest economic upswing in 2017 was Hamilton, Ont., finds National Bank’s metropolitan economic momentum index (MEMI). The MEMI gauges economic growth in census metropolitan areas, with an emphasis on their fiscal capacity. Hamilton’s MEMI rose 5.1% on a year-over-year basis in Q4, buoyed by employment gains and non-residential construction. Read: […]

By Staff |February 5, 2018

1 min read

New mortgage rules push borrowers to alternative lenders

Mortgage brokers say the borrower rejection rate from large banks and traditional monoline mortgage lenders has gone up as much as 20% after Canada’s banking regulator imposed a new stress test for homebuyers who don’t need mortgage insurance. Read: Toronto home sales to slip, prices to climb As a result, alternative lenders are seeing an […]

By Staff, with files from The Canadian Press |February 5, 2018

3 min read

Persistent ‘difficult issues’ to prolong NAFTA talks: report

You're likely already tired of NAFTA news, but here's the latest

By Staff |February 2, 2018

1 min read

U.S. wages surged in January at fastest pace in 8 years

As well, U.S. employers added a robust 200,000 jobs

By Christopher Rugaber, The Associated Press |February 2, 2018

2 min read