OTTAWA — The Canadian economy lost 6,600 jobs in September, Statistics Canada said Friday, as the country’s recovery faltered after an initially strong rebound from recession. The jobless rate declined to eight per cent during the month, from 8.1% in August, “as fewer people, particularly youth, participated in the labour market,” the federal agency said.
Half of Canadians struggling to save: RBC poll Juggling personal expenses and managing debt cited as key obstacles TORONTO, Ontario, October 13, 2010 — Many Canadians are having difficulty meeting their savings goals with 38 per cent indicating...
Canadian housing sales have rose for the second straight month, according to the Canadian Real Estate Association (CREA). In September, the seasonally adjusted annual rate of sales increased by 3 per cent, and prices has begun to stabilize.
The Economist magazine’s latest survey of global home prices claims that Canadian real estate is overvalued by 23.9 per cent. The Economist determines fair value by comparing the current ratio of house prices to rent with the long-term average.
