Julie Dickson thinks it will be “Painful” when Interest Rates Rise
Julie Dickson may have plans for resigning from OSFI next year but she’s definitely not going to be content just sitting quietly in the meanwhile. During the Bloomberg Canada Economic Summit in Toronto on Tuesday, she spoke of the concern she has for Canadian banks, businesses currently depending on cheap credit, and households that will…
Read moreMark Carney Likely to not Make Waves with Last Interest Rate Move
If you were to look on the Bank of Canada’s calendar, you’d probably see that today is the day for the interest rate announcement, and when we’ll hear whether or not the prime rate is going to see any increase at all. But Canadians who are aware of this weekend’s upcoming date – June 1…
Read moreFinance Minister Sees Cooling as a “Good Thing”
Ever since Finance Minister Jim Flaherty tightened mortgage rules once again last summer, many Canadians have been waiting for the day when he sees his glaring error and comes asking the public for their forgiveness. As of yesterday, those critics will be disheartened, as Mr. Flaherty does have some very emphatic thoughts on the housing…
Read moreDo You Have Maple Moolah?
Canadians are resistant to change, and if you don’t believe us, just look at the controversy surrounding the new bank notes the Bank of Canada has been unleashing since late last year. The newest controversy in the bank note debacle? Whether or not those notes smell like maple syrup. The Bank of Canada has received…
Read moreMore Meat Controversy
There’s been a lot of talk about beef lately, and now there’s even more. Except this time it includes meat of all kinds, and this controversy could severely harm relations between the U.S. and Canada. It could also mean that our GDP is going to take a hit. That is, if we stop sending meat…
Read moreIs Mad Cow or E. Coli to Blame for Alberta Beef Decline?
If you live in Alberta the chances are very good that you work in one of two industries: beef, or oil. And while everything has been chugging along smoothly in this province lately, there’s still a major problem with one of those industries – beef. In the past 15 years Alberta has lost nearly half…
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