News

Mark Carney says he would intervene if housing debt got out of hand

Published: 4/9/2012 3:59:00 PM - Author: none
'Mark Carney has a dilemma: He views record high household debt the number one domestic risk to the economy, but believes he would hurt the recovery if he raised interest rates to slow borrowing.

But the Bank of Canada governor said in an interview with The Canadian Press that he would be prepared to intervene if things got out of hand...'

Economy has best job-creation month since recession, adds 82,300 workers

Published: 4/9/2012 3:53:00 PM - Author: none
'fter months of stagnant or even falling employment, Canada's economy has just had its biggest surge since before the last recession - adding 82,300 workers to the labour force in March.

That's six times more than the previous seven months combined and was the biggest monthly jump since September 2008, just before the Canadian economy was hit with fallout from a U.S. credit crisis that sparked a global recession...'

Canadian standard of living could take a hit from aging, says Bank of Canada

Published: 4/9/2012 3:47:00 PM - Author: none
'The economy is starting to pay a price as a result of the aging population, and the cost will grow unless Canadians adjust, says the Bank of Canada.

In a speech to the Economic Club in Toronto, deputy governor Jean Boiven said the aging workforce will reduce potential growth in Canada by about 0.2 percentage points by 2014, and the impact grows from there...'

Ontario Clean-Tech Sector Set To Grow

Published: 4/9/2012 3:44:00 PM - Author: none
'Innovative Clean-Tech Venture Capital Fund Comes to Ontario...'

Pain at the pumps starts to squeeze economy

Published: 4/9/2012 3:32:00 PM - Author: none
'The soaring price of gas is making life difficult for people like Brad Kosid, who drives 550 kilometres a week just to get to work and back.

With money already tight from hefty mortgage payments, the new homeowner from Brantford, Ont., is having to axe much of his entertainment spending from his family budget to pay for the rising cost of fuel...'

Carney urges smarter development of natural resources opportunities

Published: 4/9/2012 3:29:00 PM - Author: none
'Part of the solution to Canada’s poor export performance lies with natural resources, but simply pumping oil out the door won’t suffice, says the Governor of the Bank of Canada.

Mark Carney recently chastised Canadian business for being trade laggards since the 2008 recession, saying they have not done enough to infiltrate growing markets...'

Optimism grows among Canadian firms, expectations for hiring positive

Published: 4/9/2012 3:25:00 PM - Author: none
'Business optimism in Canada is rising sharply as the gloom of the winter months appears to be giving way to better expectations for sales, hiring and investment, a new Bank of Canada survey suggests.

The quarterly survey of senior management from 100 representative firms, conducted over four weeks in February and March, found the outlook for future sales among the most positive since the recession...'

Help wanted: tech firms scramble for talent

Published: 4/9/2012 3:21:00 PM - Author: none
'Down the street from Research In Motion Ltd., (RIM-T12.990.372.93%) where a new CEO is firing senior managers at a firm whose growth has stalled, hundreds of smaller technology firms are having the exact opposite problem: Growing too fast, they can’t find enough people to hire...'

Why budgeting for education is in government’s interest

Published: 4/9/2012 3:06:00 PM - Author: none
'Budgets can be heavily politicized documents, often exposing a government’s true agenda. After all, politicians are trying to keep their jobs. But what happens if you take out the politics? A couple of Canadian economists suggest some programs that would directly or indirectly have benefit for all citizens and argue why it would be worthwhile for a government budget to include them...'

Ontario can’t say how many schools will close

Published: 4/9/2012 3:00:00 PM - Author: none
'There will be school closings coming to Ontario, but the government can’t say how many schools will be shut down under proposed cuts in this week’s budget, or which areas will be most affected.

Education Minister Laurel Broten said Thursday the government was committed to ending subsidies for underused schools, but it will be up to school boards to decide which ones to close...'
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