Economy

Poll: Young Canadians not focused on retirement

Young Canadians are shying away from RRSPs.

By John Powell |January 19, 2011

2 min read

IHS reviews global outlook

According to Behravesh, the U.S. economy “has picked up steam and is going to grow quite a bit faster in 2011 than we originally thought. We were originally thinking about 2.5%; now we’re thinking it’s going to be over 3%—maybe as much as 3.5%.”

By Dean DiSpalatro |January 19, 2011

4 min read

Bank of Canada holds the line

The Bank of Canada has held the line on interest rates, maintaining the trendsetting Bank Rate at 1.25%. “The global economic recovery is proceeding at a somewhat faster pace than the Bank had anticipated, although risks remain elevated,” the Bank said in a statement. Both the U.S. and Europe are recovering, while some emerging markets […]

By Steven Lamb |January 18, 2011

2 min read

Flaherty tightens mortgage rules

Finance Minister Jim Flaherty has announced new rules for mortgage lending and home equity credit lines designed to rein in growing debt among Canadians. The first of three new measures reduces the maximum amortization period from 35 to 30 years for new government-backed insured mortgages with loan-to-value ratios higher than 80%. “This will significantly reduce […]

By Dean DiSpalatro |January 17, 2011

3 min read