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Friday, May 27, 2011 - Are Interest Rates Set to Rise?

According to the OECD?s Global Economic Outlook released this week, the Bank of Canada should begin the process of tighteningmonetary policy at its next meeting on May 31st, increasing rates by 25 basis points. This mirrors calls by the CD Howe?s non-partisan Monetary Policy Council who have also been calling on the BoC to embark further down the path of normalizing interest rates. In total, the Monetary Policy Council would like to see the key policy rate increased 125 basis points, to 2.5%, ... Full Article...
posted in General at Fri, 27 May 2011 11:52:27 -0600

Friday, May 27, 2011 - Loonie spends May on its heels

It?s a sign of the times. Who would have ever thought that when theCanadian dollar dips below $US 1.02, it would be described as ?tanking? as it was this week? But considering that the mighty loonie was soaring well beyond 5˘ above parity with the US greenback as recently as May 3rd, the Canadian dollar does actually seem a little bit feeble these days. What?s going on? And what might happen next? Currency markets are about as difficult to make any sense of as arecommodity markets. And in ...
posted in General at Fri, 27 May 2011 11:48:04 -0600

Tuesday, May 24, 2011 - Participation by Region

Albertans are known to be hard workers, and the improving economy is generally making it easier to find work. But the degree to which individuals are connected to the work world outside the home varies?not only by region of the country, but also within the province. The participation rate is one of the main economic indicators tracked by Statistics Canada in the monthly Labour Force Survey. It estimates the number of people over the age of 15 that are either working, or are looking for work. In ... Full Article...
posted in General at Tue, 24 May 2011 16:48:34 -0600

Wednesday, May 4, 2011 - Edmonton Housing Market

As Alberta?s economy builds momentum in 2011, all eyes are on the residential real estate market. Debates rage between optimists who believe prices will continue to grow, and pessimists who fear prices are in for a downward correction. New data for Edmonton?s housing market in April tend to support the optimists. The median price of all residential properties sold through the MLS® in Edmonton was $315,000 in April, a gain of $4,000 (1.3%) over the previous month. Sales fell slightly with a ...
posted in General at Wed, 04 May 2011 15:57:51 -0600

Tuesday, May 3, 2011 - Not All Wages Rising

Average hourly earnings in Alberta continue to rise and now outpace the national average by about 10%. But hourly earnings are not rising for everyone in Alberta, and in fact, for some of the lowest-income workers, earnings are shrinking. The average hourly earnings of Albertans working in food and accommodation industries were $13.37 in March of 2010. That is the lowest of all industries in the province, where employees earned on average $25.23 per hour. Between 2006 and 2009, earnings in this ... Full Article...
posted in General at Tue, 03 May 2011 09:11:10 -0600

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