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Friday, October 28, 2011 - Alberta Housing Prices Flat

New home prices in Canada have powered past their pre-recessionpeaks thanks largely to activity in Vancouver and Toronto. In contrast, prices in Alberta are still well below their peak sitting relatively flat for the better part of two years. The result is somewhat counter-intuitive given that the Alberta economy is outperforming the Canadian average by a wide margin. The extent to which Alberta's housing sector boomed leading upto the recession helps explain why new housing prices in the ...
posted in General at Fri, 28 Oct 2011 11:16:59 -0600

Friday, October 28, 2011 - Bank of Canada Releases Monetary Policy Report

Despite all the good news emanating from Europe, The Bank of Canada splashed some cold water on market forecasters this week with a new set of much more pessimistic forecasts on the Canadian economy. The BoC now expects Canada?s economy to grow by just 2.1% thisyear and 1.9% next year, compared to their previous forecast of 2.8% and 2.6% respectively. Growth is then expected to rise in 2013 to 2.9%. Central to the BoC?s new outlook is further headwinds blowing from the global economy and in ... Full Article...
posted in General at Fri, 28 Oct 2011 11:11:41 -0600

Thursday, October 27, 2011 - Canadian dollar back above parity

The Canadian dollar again surpassed the value of its U.S. counterpart currency on Thursday morning, as a positive tone to global markets resulted some sell-off of the U.S. dollar. The loonie was as high at $1.0083 U.S., after closing at 99.52 cents U.S. on Wednesday. European leaders reached a deal to provide $1.4 trillion U.S. to bailout governments in that region swimming in debt. Stock markets around the world were surging, as were commodities such as crude oil, which was up $2.80 to $93 ... Full Article...
posted in General at Thu, 27 Oct 2011 10:30:25 -0600

Wednesday, October 26, 2011 - Canadians Think Economy is OK

A quick scan of recent international business news headlines suggests much more worry than optimism, and that worry is reflected in a global survey of attitudes. Canadians, however, stand out with relatively upbeat attitudes. IPSOS?s ?Global Economic Pulse? is a survey of participants in 24 countries around the world, assessing the current economic situation in each country. The survey was conducted between September 9th-19th. In Canada, 66% of survey participants judged the Canadian economy to ... Full Article...
posted in General at Wed, 26 Oct 2011 12:36:35 -0600

Friday, October 7, 2011 -

Over 2011, Alberta?s job creation figures have impressed even the most optimistic observers. And according to data out this morning, the jobs picture just keeps getting better and better. Employers in this province added a further 8,600 net positions to payrolls in September, the fifth consecutive month of positive job creation. The last time Alberta saw job gains for five consecutive months was in mid-2006. The unemployment rate also declined in September to 5.4%, matching its low mark of the ... Full Article...
posted in General at Fri, 07 Oct 2011 17:23:30 -0600

Wednesday, October 5, 2011 - American Workers a Good Fit for Alberta

It might sound bizarre to talk about labour shortages given the current economic climate, but even with markets gyrating Alberta?s long-term labour supply issues have not gone away. And given the current job market in the United States, one solution to Alberta?s job shortages may lie to the south. Alberta Employment and Immigration recently identified occupations in this province which are, or are likely to be, short of workers. Used in the analysis were various indicators such as the ...
posted in General at Wed, 05 Oct 2011 09:40:00 -0600

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