Economic Update

Economic conditions have an impact on the mortgage rates that Canadian lenders offer borrowers. Below is a sampling of recent news on the economy of interest to Canadian home buyers and borrowers.

Financial Post Top Stories

Thu, 11 Mar 2010 15:14:50 GMT
Shares in Transat AT plummet
One analyst questioned the sustainability of Transat A.T.'s business model going forward as shares dropped $4.25 to $15.25 Thursday on a gloomy outlook from the travel tour operator
Thu, 11 Mar 2010 14:39:24 GMT
Scotiabank’s Thanachart seals Siam City deal
Thanachart Bank, 49%-owned by Bank of Nova Scotia, has agreed to pay US$1-billion for a 47.6% stake in Siam City Bank
Thu, 11 Mar 2010 15:02:33 GMT
Housing prices rise 0.4% in January
Canadian home prices rose 0.4% between December and January, the same growth rate for the third consecutive month
Thu, 11 Mar 2010 15:02:18 GMT
Canada’s trade surplus widens in January
The surplus widened to $799-million during the month, economists had expected the January figure to be between $100-million and $200-million
Thu, 11 Mar 2010 01:18:33 GMT
Bill Gates no longer world's richest man
The Microsoft cofounder, who had held the title of world's richest 14 of the past 15 years, is toppled by a Mexican tycoon in a record year for billionaires

The Globe and Mail - National Page News

Thu, 11 Mar 2010 8:22 -0500
Accused in beating death earlier won prison sentence reduction
Convicted of manslaughter in 1999 beating death of three-year-old girl, Michael Richard Beauchamp now in custody on new charges in B.C.


Thu, 11 Mar 2010 6:57 -0500
Police probe Campbellville, Ont., shooting
37-year-old shot outside inn in community northwest of Toronto


Thu, 11 Mar 2010 4:52 -0500
Quebec's psychic profile: A sadomasochist with a reptilian core
Marketing guru collects $300,000 to unlock city's ‘code' and help give it a fresh image. Quebeckers are neurotic, he says


Thu, 11 Mar 2010 4:52 -0500
Judge criticizes tax law that puts divorcees at disadvantage
Couples can access credit after they split – but only if they can agree on who gets it


Thu, 11 Mar 2010 0:00 -0500
FROM THE ARCHIVES
No description available


The Globe and Mail - World News

Thu, 11 Mar 2010 9:17 -0500
Court says Swede charged in Auschwitz case can be extradited
Former neo-Nazi leader arrested in theft of sign from former death camp


Thu, 11 Mar 2010 8:38 -0500
Mississippi school cancels prom after demand to allow same-sex date
Teenage girl says board is retaliating after American Civil Liberties Union got involved in challenging district policy that requires that dates be of the opposite sex


Thu, 11 Mar 2010 7:31 -0500
Thousands flee after weekend slaughter in Nigeria
Residents accuse police, military of failing to provide security to villages where attacks took place


Thu, 11 Mar 2010 7:29 -0500
Incest horror: U.K. man raped daughters, fathered 7 children by them
British authorities are apologizing for failure to act, family had contact with dozens of different agencies and 100 members of staff over three decades


Thu, 11 Mar 2010 7:00 -0500
Protesters, police clash in Greece
Strike over austerity measures brings 20,000 into streets; rocks thrown and tear gas fired


The Globe and Mail - Report on Business News

Thu, 11 Mar 2010 10:08 -0500
U.S. drags on Canada trade, Pink Floyd comfortably numb
Plus, China's inflation rate rattles markets. And, Devon makes an oil sands push


Thu, 11 Mar 2010 9:15 -0500
Canada's house prices on steady rise
Index posts first year-over-year increase since December 2008


Thu, 11 Mar 2010 8:52 -0500
Canadian exports lose some steam
Exports to U.S. fall while those to other countries increase, indicating Canada's biggest trading partner continues to drag on the economy


Thu, 11 Mar 2010 7:58 -0500
Canada's booksellers v. Amazon.com
The Canadian Booksellers Association will take your questions on why it wants Ottawa to block the Internet bookseller from opening a ‘fulfilment centre' in Canada


Thu, 11 Mar 2010 7:34 -0500
BP, Devon to develop oil sands project
Part of larger deal, in which BP pays Devon $4-billion for exploration rights


The Globe and Mail - Your Money News

The Globe and Mail - Real Estate News

Mon, 8 Mar 2010 20:00 -0500
Play called for renos at Maple Leaf Gardens
BBB Architects accepts makeover challenge – complete with a new ice rink two floors up from street level


Mon, 8 Mar 2010 15:41 -0500
A room with a view - onto ground zero
New York hotel's proximity to the site of the Sept. 11 attacks used as a marketing tool


Fri, 5 Mar 2010 16:32 -0500
Toronto buildings scoop up REX awards
The best in commercial real estate singled out for innovation, creativity


Fri, 5 Mar 2010 12:22 -0500
Lawrence abd Centennial
Cul-de-sac lot with a good layout


Fri, 5 Mar 2010 12:17 -0500
Eglinton and Royal York
Attractive price point gives bungalow a boost