The Ontario government has announced it will raise minimum wage to $15 an hour by 2019. Currently minimum hourly wage in Ontario is $11.40. The announcement has been widely applauded by poverty and employment…
Canadian real estate prices are still at record highs, but there has been a shift in the market that has some Canadians wondering what’s going to happen next. Let’s quickly recap on some recent happenings before we update you on the current market conditions:
New income splitting tax cuts have been implemented by the Conservatives for families with children. Will you benefit? Read on for the full story.
The Canadian government recently unveiled plans to implement a bail-in, which would force creditors to forgive some of the biggest corporate debts. It’s good news for taxpayers, who no longer need to foot the bill – but such a move has dinged our country’s overall credit rating.
No one can see the future – which is why it’s fortunate that insurance products exist to keep your family, home and valuables safe in a worst case scenario. But why must peace of mind come with so much paperwork?
Looks like the Bank of Canada has been a tad too optimistic about the government’s willingness to spend – and that recent belt-tightening measures will amount to a 0.2 per cent drag on our country’s GDP growth.
Spain is the latest EU nation to be bailed out – to the tune of 100 billion Euros. While the news caused an increase in investor confidence, what are the implications of such a move for the European economy – and Canada’s as well? Is this a signal that Europe’s financial woes should be increasingly considered a “global problem”?
Government of Canada bonds continue to be attractive to investors internationally and on the home front. What does this mean for mortgage rates? Our Expert Mortgage Rate Outlook Panel discusses the impact of lowered bond yields.
May’s been a busy month for Government of Canada 5 Year Benchmark Bond Yields – they’re currently sitting at the lowest rate in 4 months! Why all the activity? Global markets are the main factor behind these levels. As uncertainty continues to plague global economic markets, both Canadian and international investors are turning to the resilient Canadian marketplace – and Government-backed bonds.
Canadian real estate developments have been getting a lot of attention from foreign investors lately. Considering how affordable developments here seem compared to those in Paris or London, it’s no wonder the Land of the Brave is seen as a safe haven. But does this spell trouble for Canada’s housing market? Is jacked-up inflation feeding a potential housing bubble? And will it cause Canada to follow in Australia’s footsteps and prohibit purchases from abroad?