Despite 32,000 new jobs, the unemployment rate rose to 6% in June In June, there were 32,000 new jobs created. However, a large number of people looking for a job pushed the unemployment rate to 6%. According to Statistics Canada, three provinces added jobs last month: Ontario (35,000),...

Real estate prices in Toronto went up due to a wave of buyers Last month, the average cost of a property in the Greater Toronto Area reached the highest level in 13 months, and, according to Toronto Real Estate Board (TREB), the trend will go...

Should the central bank rise its interest rate? Top economists share their opinions. Only week is left before the central bank’s next rate meeting, and most specialists bet on a hike. Nevertheless, there are certain economists who believe it’s not a good idea. "I know that...

Canada hits back at the U.S., but it will affect local condo buyers Although Canada’s condo markets are already quite expensive, potential buyers may face even more difficulties, as the trade conflict with the U.S. is affecting the construction sector. On July 1, Canada introduced a...

Possibility of a rate hike next month goes up In investors’ opinion, the possibility of a rate increase next month by the central bank is getting stronger, as the Governor Stephen Poloz still aims at higher borrowing costs. On Thursday, the odds of a hike on...