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Thursday, September 27, 2012 - Real estate angst? Not in Alberta

In some major Canadian markets, home sales have been in free fall, triggering anxiety that prices might soon follow. The correction is being blamed on changes to mortgage insurance (MI) rules. Although those rules apply nationally, Alberta remains in good shape. Alberta is certainly no stranger to real estate exuberance. But, in many ways, our province has managed to pull off what analysts everywhere hope for: a soft landing. Compared to other places in Canada, the run-up in prices before the ... Full Article...
posted in General at Thu, 27 Sep 2012 21:55:57 -0600

Saturday, September 22, 2012 - Inflation RemainsTame

It used to be one of the most dreaded and hated economic indicators around. But these days, overall consumer price inflation is little more than a whimper?even if shoppers are seeing some sticker shock in the grocery stores. Yesterday, Statistics Canada reported that inflation as measured by the Consumer Price Index (CPI) rose by a mere 1.0 per cent in Alberta?tied with British Columbia and New Brunswick for the lowest in the land. Nationally, consumer prices rose 1.2 per cent from August of ... Full Article...
posted in General at Sat, 22 Sep 2012 16:11:28 -0600

Monday, September 10, 2012 - Working Late

At 4.4 per cent, Alberta has the lowest unemployment rate in the country. But more than just working a lot of jobs, many Albertans work longer hours as well. In August of 2012, the average number of hours of paid overtime worked by employees was 11.7?which is the highest in the country and well above the national average of 9.0 hours of paid overtime. Employees who are paid additional wages for their overtime hours are often compensated with time-and-a-half, double, or even triple time, ...
posted in General at Mon, 10 Sep 2012 21:23:12 -0600

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