Canadian economy lost 13,000 jobs in December According to ADP Research Institute, Canada lost 13,000 jobs in December 2018. Such a large drop was caused by a loss of 7,700 jobs in trade and transport sector, and utilities. Construction sector lost 6,900 position, while other services...

Canadian Big Banks are reducing their fixed interest rates RBC cut its best five-year fixed rate by 0.15% from 3.89% to 3.74%, becoming the first one among the Big Six banks to do so after a decline of five-year bond yields. Other big banks...

Half of Canadians with HELOCs don’t know how they work During the previous 15 years, home equity lines of credit (HELOCs) have become one of the main drivers of growing non-mortgage debt for Canadians, but a new poll shows many of them don’t fully understand...

Average home price fell by 4.9% annually in December The average cost of a Canadian property fell by almost 5% on a year-over-year basis and reached $472,000 last month. According to the Canadian Real Estate Association (CREA), sales were also down to the lowest annual pace...

Canada and other major global economies are showing slower growth The Organization for Economic Co-Operation and Development (OECD) released its new report today, showing a much gloomier forecast than almost a year ago both for Canada and other major world economies. "In case of the United...