Corporate spending in Canada is to increase due to an improving U.S. economy and the CETA deal. But could future U.S. debt drama delay growth forecasts?
The US senate agrees to end the government shutdown and raise the debt ceiling, in a last minute resolution avoiding a global financial crisis. But has the damage already been done?
As the year draws to a close, Canadian economic sentiment is far from cheery. As threat of the U.S. fiscal cliff looms, many fear another recession is imminent – despite optimistic economic predictions from a recent RBC survey.
Getting into shape is a common goal for many Canadians – one that can be extremely expensive. Pricey personal training and the latest high tech shoes will have you losing more dollars than pounds – not to mention that infomercial-inspired equipment purchase gathering dust in your basement.
The decisions made on the U.S. Fiscal Cliff will affect economies all over the world. Fast action is needed to minimize the financial impact – and solutions that may have worked for the European debt crisis just won’t cut it for the world’s largest economy.
Could you use a little extra cash? In today’s tough economy, who couldn’t? This week on Money Wise, we’re exploring an increasingly popular method of borrowing – a home equity line of credit. The problem – many Canadians don’t know what they are, and with household debt levels at record highs, HELOCs can add even more fuel to the fire.