The Canadian economy is gathering steam, with Western Canada leading the way and all provinces participating, according to the Provincial Outlook report issued today by BMO Capital Markets Economics. Canadian growth is expected to reach 3.4 per cent in 2010 and 3.1 per cent in 2011, providing a strong rebound from the 2.5 per cent decline in 2009.
Alberta will experience a significant economic rebound this year and lead the nation in GDP growth, says a report released today by Scotiabank.
The report forecast GDP growth of 4.1 per cent for the province while overall Canadian growth would be 3.6 per cent, the strongest advance in a decade for the country.
I've said this before and I'll say it again: homebuyers today have it exceptionally good when it comes to mortgage rates.
I moved to Calgary and bought in the early 1980s when mortgage rates were something like 22 per cent. Try that on for size -- and compare it with what the rates are today, even after they moved off the historic bottom.
the best time to buy is when you can afford it.
Complaints about Mortgage Prepayment Penalties
Investment report ranks Calgary #1 in Canadian real estate markets
Canada's banking system healthiest in the world
Bank of Canada raises interest rate to .5%
A good overview of the perceived impacts of the EU situation to the US economy.
A gold-dispensing ATM is attracting attention around the globe.