Canadian richest show higher income growth than others The latest report by research firm Wealth X says that Canada takes the fifth place in the world as the country with the number of people showing a net worth of at least $30 million US. As a result,...

Canada surprises everyone by losing 51,600 jobs in August Last month, the national economy shed 51,600 net jobs, raising the jobless rate and offsetting the July’s growth. According to Statistics Canada, the unemployment rate went up from 5.8% in July to 6% in August. Meanwhile, Thomson Reuters...

Toronto housing market keeps rebounding Last month, the Greater Toronto Area real estate market kept rebounding with an annual 8.5% sales hike, following weaker results of the first half of the year. According to the Toronto Real Estate Board (TREB), there were 6,839 homes sold in...

What does the central bank’s decision not to raise rates mean? Today, the Bank of Canada kept its key lending rate unchanged, and it could be only a temporary pause, as the Bank watches the unpredictable twists in the trade talks with the U.S. closely. The...

Will interest rate rise tomorrow? Although improvements in the national economy have made the Bank of Canada’s governor Stephen Poloz promise to raise the key lending rate, is there any chance we’ll see it this week? According to two professional economists, hardly. Avery Shenfeld from CIBC...