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Minister of Finance Joe Oliver announced more action by the Harper Government to create jobs, growth and long-term prosperity: the introduction of the new Small Business Job Credit which is expected to save small businesses more than $550 million over the next two years. The Small Business Job Credit will effectively lower small businesses’ Employment […]
Unexpected growth in consumer spending and residential construction have seen the Canadian economy outperform in 2014, but continued low interest rates and a cheaper loonie are necessary to sustain growth going forward, finds a new report from CIBC World Markets. The report notes that while Canada's economy will see better than three per cent growth […]
While, on average, Canadian house prices have climbed five per cent in 2014, a new report finds that price increases in mid- and high-priced homes are far outpacing those of lower-priced ones, which is making it increasingly more difficult for many Canadians to move up out of their starter homes. "The value of bigger and […]
Canadian employees can expect to see average base salary increases of 2.6% in 2015, according to a national survey of over 400 Canadian public and private sector employers conducted by Hay Group in June and July. Participants include many of Canada's leading employers. The 2.6% projected increase is the same as that in 2014, and […]
Finance Minister Joe Oliver released The Fiscal Monitor for June 2014 last week. There was a budgetary surplus of $1.6 billion in June 2014, compared to a surplus of $0.2 billion in June 2013. Revenues increased by $0.9 billion, or 3.8 per cent, due mainly to higher revenues from non-resident income tax, excise taxes and duties, and Employment […]
The C.D. Howe Institute's Monetary Policy Council (MPC) recommends that the Bank of Canada keep its target for the overnight rate, the very short-term interest rate it targets for monetary policy purposes, at 1.00 percent at its next announcement on September 3, 2014. Looking ahead, the Council called for the Bank to hold the target […]
Leaving home for the first time, going away to school and renting an off-campus apartment can make for an exciting yet stressful time for students and parents alike. As college and university students head to the classroom this fall, CAA Insurance Company (Ontario) is encouraging parents of post-secondary students to invest in tenant insurance. Whether your child […]
