Andrea's Feed
Apr 17, 2013

Canadian house prices rise 0.4 pct in March from Feb – Teranet

TORONTO, April 17 (Reuters) – Canadian home prices rose in
March from February, ending a six-month string of declines, as
spring home buyers breathed some life back into Canada’s cooling
housing market, the Teranet-National Bank Composite House Price
Index showed on Wednesday.

The index, which measures price changes for repeat sales of
single-family homes, showed overall prices rose 0.4 percent in
March from a month earlier.

Apr 15, 2013

Canada March home sales edge up from February, down on year

TORONTO, April 15 (Reuters) – Sales of existing homes in
Canada rose in March from February even though year-over year
sales fell sharply, data on Monday showed, offering more signs
that the post-recession housing boom may have turned into a
stable slowdown.

Prices were up 2.2 percent from a year earlier, the smallest
increase in more than two years, the report from the Canadian
Real Estate Association (CREA), the umbrella group for real
estate agents, said.

Apr 15, 2013

Analysis: Canadians losing faith in economic “miracle”

OTTAWA/TORONTO (Reuters) – Factory worker Nelson Claros has little time for talk of the Canadian economic miracle.

The 50-year-old was laid off last year from his job of 22 years at a bus-assembly plant northwest of Toronto, and has since applied for 130 jobs. His best offer: A job at $12 an hour, half his previous wage and not enough to pay his bills.

Apr 15, 2013

Canadians losing faith in economic “miracle”

OTTAWA/TORONTO (Reuters) – Factory worker Nelson Claros has little time for talk of the Canadian economic miracle.

The 50-year-old was laid off last year from his job of 22 years at a bus-assembly plant northwest of Toronto, and has since applied for 130 jobs. His best offer: A job at $12 an hour, half his previous wage and not enough to pay his bills.

Apr 15, 2013

Canadians losing faith in economic ‘miracle’

OTTAWA/TORONTO, April 15 (Reuters) – Factory worker Nelson
Claros has little time for talk of the Canadian economic
miracle.

The 50-year-old was laid off last year from his job of 22
years at a bus-assembly plant northwest of Toronto, and has
since applied for 130 jobs. His best offer: A job at $12 an
hour, half his previous wage and not enough to pay his bills.

Apr 9, 2013

Canada housing starts edge higher, building permits weak

TORONTO, April 9 (Reuters) – Canadian housing starts edged
higher in March as rural starts surged but urban starts declined
and a longer-term trend showed the housing market is continuing
to moderate, Canada Mortgage and Housing Corp said on Tuesday.

Separate data showed the value of Canadian building permits
rose by a weaker-than-expected 1.7 percent in February as a
sharp decline in plans for multi-family housing partially offset
strength in other types of residential and non-residential
projects, according to Statistics Canada.

Apr 5, 2013

C$ ends weaker as grim jobs data weighs

TORONTO, April 5 (Reuters) – The Canadian dollar weakened
against its U.S. counterpart on Friday after grim employment
data in Canada and the United States sparked concerns the
economic recovery may be flagging, sending investors to the
safety of government bonds.

Major stock markets tumbled, the U.S. dollar fell and U.S.
Treasury securities prices rallied after the
weaker-than-expected U.S. jobs report, while Brent crude oil
fell to an eight-month low. Safe-haven gold prices rose.

Apr 5, 2013

C$ sharply weaker on grim employment data

TORONTO, April 5 (Reuters) – The Canadian dollar weakened to
a nearly two-week low against its U.S. counterpart on Friday
after both U.S. and Canadian employment data came in far weaker
than expected, erasing a short-lived rally by the currency to
6-week highs.

The Canadian currency fell to C$1.0220 to the U.S.
dollar, or 97.85 U.S. cents, after data showed Canada
unexpectedly lost jobs in March and U.S. employers added far
fewer jobs than expected, raising fears that the North American
economic recovery was not as robust as previously thought.

Apr 4, 2013

Debt management helps advisers help clients

TORONTO, April 4 (Reuters) – A common misconception among
Canadian wealth managers is that their best clients don’t have
debt, but with more households carrying red ink into retirement,
advisers now need to look at both sides of the balance sheet.

Canadians have embraced credit. The ratio of household debt
to personal disposable income reached a record high 165 percent
in 2012 – up from 66 percent in 1980, according to Statistics
Canada. This means that, in aggregate, households owed C$1.65
for every dollar of disposable income.

Apr 3, 2013

TD CEO Clark to retire in 2014; Masrani to succeed him

TORONTO, April 3 (Reuters) – Longtime Toronto-Dominion Bank
Chief Executive Officer Ed Clark will retire in late
2014 and be replaced by the U.S. head of the bank.

Clark, one of the most respected Canadian business leaders,
led the bank through a successful U.S. expansion. Bharat
Masrani, group head of U.S. personal and commercial banking,
will replace him, TD said in a statement on Wednesday.