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View regularly updated financial and economic news articles below. They are aimed to give you a general picture of what is happening in the financial world in relation to the services and products listed on Which Way To Pay Canada.
 Canada - Less Dependent on U.S.02 February 2012 Which Way to Pay According to a study released by TD Economics the Canadian economy is becoming less and less dependent on its United States neighbours. Read More >> |
 Canada’s Economy Contracts 0.1 %01 February 2012 Which Way to Pay Canada’s gross domestic product showed an unexpected decline in November last year shrinking for the first time in 6 months. Read More >> |
 Want To Get Out Of A Tight Financial Corner?01 February 2012 Which Way to Pay A payday loan is a financial product that specialises in getting you the money you need as soon as you need it. Read More >> |
 Canada Prepares For Economic Action Plan 201230 January 2012 Which Way to Pay Government House Leader Peter Van Loan - "As Parliament returns, we will continue to be focused on the priorities of Canadians – creating jobs, growth and prosperity – as we prepare for Economic Action Plan 2012.” Read More >> |
 Harper To Encourage Foreign Investment In Canada In Davos26 January 2012 Which Way to Pay Harper will use his keynote speech to encourage enthusiasm for foreign investment in Canada, to drive economic activity. He will be trying to boost Canada’s economy by signing a trade deal with the European Union. Read More >> |
 IMF Lowers Canada’s Growth Forecasts25 January 2012 Which Way to Pay According to the International Monetary Fund’s latest economic outlook, Canada’s recovery is being held back by the current climate in Europe and elsewhere. Read More >> |
 Canadian Dollar Advances As Crude Oil Gains24 January 2012 Which Way to Pay The Canadian dollar advanced against the U.S. currency as Canada’s largest export, crude oil, advanced for the first time in four days as the European Union banned Iranian oil imports. Read More >> |
 Can Canada Escape The Weakness Of U.S. And Europe?23 January 2012 Which Way to Pay The Bank of Canada Governor, Mark Carney, said in a recent interview that the U.S. economy could take years to recover from its current delicate state and that it will hinder Canada’s economic growth this year. Read More >> |
 Bank of Canada Keeps Interest Rates At 1 %18 January 2012 Which Way to Pay Basing its decision on predicting that the situation in Europe will continually worsen the Bank of England has kept interest rates at 1 percent where it has been since 2010. Read More >> |
 Canada Loses Faith In Revenue Agency16 January 2012 Which Way to Pay The majority of small business owners and tax practitioners gave the Canada Revenue Agency a grade C and below for their service as a whole according to a survey completed by the Canadian Federation of Independent Business (CFIB). Read More >> |
 Harper Defends Deficit Reduction Plans In Face Of Rising Unemployment10 January 2012 Which Way to Pay Canada’s jobless rate has been climbing steadily from September where unemployment sat at 7.1%, to December where figures rose to 7.5%, with workers aged 15-25 taking the heaviest hit losing around 17,000 jobs. Read More >> |
 Unemployment Rate Rises For Third Month06 January 2012 Which Way to Pay In December Canada added 17,500 jobs which were not as high as was expected, economists had expected 20,000 jobs to be added, but is still a turnaround from the declines seen in the two months prior. Read More >> |
 Canadians Seek Decade-Old Golf Tax Rule Revoked04 January 2012 Which Way to Pay Since 1971 Canadians have been restricted from deducting greens fees for business-related golf outings. In a strange twist Canadian businesses are allowed to deduct sports events including hockey, concert and theatre tickets and restaurant bills allowing they are for business purposes. Read More >> |
 Canadian Data Shows Manufacturing Bounce Back 03 January 2012 Which Way to Pay Canadian manufacturing growth bounced back in December following a 2 month decline. RBC Canadian Manufacturing Purchasing Managers Index (RBC PMI) has found output growth at an 8 month high as production and new orders rose significantly. Read More >> |
 Canadian Dollar Gains As Retail Sales Rise22 December 2011 Which Way to Pay Canadian retail sales rose for a third straight month in October which sent the Canadian dollar higher than most of the major currencies. Read More >> |
 Royal Bank Warns Over Canadian Debt20 December 2011 Which Way to Pay The Royal Bank has voiced concerns over the extent of exposure of the Canadian economy to both uncertainty abroad and unsustainable levels of domestic debt. Read More >> |
 Immigrants in Canada Get Fewer Jobs and Earn Less19 December 2011 Which Way to Pay Regardless of often having reached higher levels of education, immigrants to Canada earn less and are less likely to have a job than their native-born counterparts. Simply paying Canadian immigrants as much as their Canadian peers with similar education levels could be worth as much as $30.7 billion to Canada's economy, the Royal Bank of Canada said in a report Monday morning. Read More >> |
 Moody’s Threatens Ontario Credit Downgrade16 December 2011 Which Way to Pay Rating agency Moody’s Investors Service has warned that the Province of Ontario could have its debt rating downgraded. The agency, based in New York, downgraded Ontario’s debt outlook from ‘stable’ to ‘negative’ late on Thursday. Read More >> |
 Canada’s Growth Outlook Cut by TD Bank15 December 2011 Which Way to Pay TD Bank has cut its growth forecast for the Canadian economy for 2012 to 1.7% growth, and 2013’s forecast to 2.2%. Wednesday saw the most recent forecast reduce the bank’s prediction lose 0.2% from the last forecast issued in September. Read More >> |
 Canada Withdraws from Kyoto Protocol13 December 2011 Which Way to Pay Canada is formally withdrawing from the Kyoto accord, Environment Minister Peter Kent said Monday. The decision to do so will save the government an estimated $14 billion in penalties, Kent said. The Conservative government says it has no choice given the economic situation. Read More >> |
 Ikea Symbolises Progress ?12 December 2011 Which Way to Pay A new Ikea store has opened in Ottawa, Canada; you may be forgiven for assuming this wouldn’t create much excitement but you would be wrong because the opening was an event containing thundersticks, chanting, overnight camping and a speech by the mayor. It seems that Ikea stands for progress and growth in this time of global deficit reduction and austerity. In the face of European financial collapse, a new Ikea store brings hope to Canada. Read More >> |
 Housing starts drop to lowest point since 200908 December 2011 Which Way to Pay Canada's seasonally adjusted rate of housing starts fell to 181,100 units in November, down from 208,000 the previous month.The Canada Mortgage and Housing Corporation says the decrease was due to a slowdown in the multiples segment, which includes construction of new condominiums. Read More >> |
 2011 Sees Big Banks Make $22.4 Billion07 December 2011 Which Way to Pay The five biggest banks in Canada have hit record combined profits of $6.1 billion throughout the three months ending in November. The earnings for the full year stand at $22.4 billion, a significant increase from the year before. 2010 saw a combined profit for the full-year of $19.5 billion, 15% less than this year. Read More >> |
 Ontario Has Highest Car Insurance Premiums in Canada06 December 2011 Which Way to Pay According to auditor general Jim McCarter, divers in Ontario on average pay significantly more for car insurance than other Canadians. This is reportedly partly due to the elevated average cost of accident injury claims, which is five times than that in other provinces. Read More >> |
 Gap Between Rich and Poor Getting Wider in Canada05 December 2011 Which Way to Pay The Organization for Economic Co-operation and Development, a global economic think-tank, has said that the gap between rich and poor across Canada has been getting steadily wider since the mid-1990s. Read More >> |
 Canada Loses 18,600 Jobs in November02 December 2011 Which Way to Pay The figures for Canadian jobs in November are surprising poor, with 18,600 jobs lost. The news pushed up the unemployment rate by 0.1%, taking up the Canadian rate up to 7.4%. The figures were published by Statistics Canada. 53,000 part-time jobs were lost, offset by 34,600 new full-time jobs being created. Read More >> |
 TD Bank Profits Up to $1.5 Billion01 December 2011 Which Way to Pay TD Bank saw profits increased by 58% in the final quarter of this year as domestic retail banking operations performed strongly, as well as its wholesale banking division booking stronger results. Read More >> |
 TSX Sees Gains on Central Bank Plan30 November 2011 Which Way to Pay The Toronto Stock Exchange jumped today following announcements from the world’s central banks that they will work together to tackle the eurozone debt problems and flailing economy. Read More >> |
 Canada has ‘Weakened’ Economic Forecast29 November 2011 Which Way to Pay A recent report from the Organization for Economic Co-operation and Development has dubbed the Canadian economic outlook as having been ‘significantly weakened’ by a decrease in demand for Canadian exports. This decrease is thought to be partly due to the debt crisis in the eurozone. Read More >> |
 New Cars Fuel Consumption Data Inaccurate28 November 2011 Which Way to Pay Various owners of new vehicles have accused fuel consumption data backed by the government as being inaccurate. Many new owners have said that their vehicles consume significantly more fuel than indicated by the data. Read More >> |
 Wages Fall Across Canada25 November 2011 Which Way to Pay Workers across Canada are struggling to keep up with rising living costs as average real wages carry on shrinking significantly, according to Statistics Canada. Real wages, after inflation, have been falling since the summer ended, with the average wage in September of Canadian workers fell outright by 0.3%, taking them to $872.75. Read More >> |
 Ontario Sees Reduced Revenue as Growth Slows24 November 2011 Which Way to Pay Today the Finance Minister for Ontario, Dwight Duncan, gave a less an optimistic overview of the finances in the province, as he forecasted sluggish economic growth and diminishing revenues. Read More >> |
 Canadian Banks to Get Stress Tests23 November 2011 Which Way to Pay Two of the biggest banks in Canada are to undergo stress tests by the Federal Reserve as the US central bank ups its testing of the American financial sector. Read More >> |
 Retail Sales 1% Higher22 November 2011 Which Way to Pay September saw retail sales rise by 1%, taking up sales to $38.2 billion as stores of all types benefitted from the increase. The data, from a report from Statistics Canada, shows the fifth increase in retail sales in six months and the biggest increase since November 2010 with sales volumes rising by 0.6%. Read More >> |
 TSX Loses 2% as European Debts Worsen21 November 2011 Which Way to Pay Throughout Monday’s trading day, the Canadian dollar lost nearly a cent as the Toronto Stock Exchange was pulled further down by the worsening eurozone debt crisis. The TSX shed 1.94%, 236 points, and was trading at 11,656 in the morning. The slump was closely followed by declines in the loonie, which lost a cent and was down to 96.35 cents US. Read More >> |
 Consumer Price Rises Slow18 November 2011 Which Way to Pay Throughout the 12 months to October consumer prices increased by 2.9% as high prices for gasoline and food drove them up. According to Statistics Canada, inflationary prices are slowing down from September which saw a 3.2% increase in prices. Read More >> |
 Keystone Segment Started by TransCanada17 November 2011 Which Way to Pay TransCanada Corporation may start building the vital part of the Keystone XL oil pipeline before being given the go ahead by US regulators for the whole project. The section in question runs from Cushing, Oklahoma, to the US Gulf Coast, and is hoped to stop a supply shortage to the area. Read More >> |
 Enbridge Invests $1.15 Billion into Seaway Oil Pipeline Stake16 November 2011 Which Way to Pay The Canadian oil pipeline and gas company Enbridge Inc. has announced plans to buy out half of the Seaway crude pipeline system that runs from Texas to Oklahoma from the American oil company Conoco Phillips for $US1.15 billion. Read More >> |
 House Prices Increase at Slowest Rate Since January15 November 2011 Which Way to Pay With gas getting extremely expensive, we are all spending a lot of money on filling up the tank at the moment. We might think that there is nothing we can do about it, but there are some small changes you can make that will make a big difference to the amount of money you spend. Read More >> |
 New Polymer $100 Bills Go Into Circulation14 November 2011 Which Way to Pay Canadians can get their hands on the country's newest banknotes Monday — $100 bills made from a plastic polymer designed to last longer and thwart counterfeiters. Read More >> |
 Canada Trade Surplus at $1.2 Billion in September11 November 2011 Which Way to Pay According to Statistics Canada Canada’s trade balance has made a huge turnaround from the previous month. September saw trade hit £1.2 billion in surplus compared with August’s £487 million in trade deficit. Read More >> |
 Head of the IMF Says we Could Face a ‘Lost Decade’09 November 2011 Which Way to Pay Christine Lagarde, the head of the International Monetary Fund, warned today that the global economy is in danger of a ‘lost decade’ throughout which there will be little or no growth. She also warned Asia to be prepared to face a severe downturn. Read More >> |
 Why Do People Pay More in Canada?03 November 2011 Which Way to Pay Mark Carney, the governor of the Bank of Canada, in the past has tried to justify why Canadians often pay higher retail prices than our American counterparts. He does however expect some relief to come soon as retailers from the US expand into Canada. A Senate committee met last night to examine the discrepancies between pricing in the two neighboring countries. Read More >> |
 Canada Economy Grows by 0.3% in August01 November 2011 Which Way to Pay Statistics Canada has released figures showing that the Canadian Economy expanded by 0.3% throughout August, which is the third consecutive month to see growth. The expansion has been attributed to strong growth in the energy sector which increased by 2.8%. When this sector is excluded, the real GDP for the month did not change. Read More >> |
 Maple Leaf Foods to Cull 1,550 Jobs27 October 2011 Which Way to Pay The Toronto-based food company, Maple Leaf Foods, has announced several major cutbacks, including the closure of various plants across four provinces, streamlining distribution and most notably the culling of 1,550 jobs. Read More >> |
 Canada Not Heading for Recession says Flaherty26 October 2011 Which Way to Pay Jim Flaherty, Finance Minister, has said that he does not think that Canada will be hit by a recession. He did however add that he is flexible when it comes to stimulus spending should the economy grow more sluggish. Read More >> |
 Interest Rates Held at 1% by Bank of Canada25 October 2011 Which Way to Pay Canada’s central bank has kept the interest rate at 1% today, giving the sluggish global economy as its reason for keeping economic stimulus at the same level. The Bank of Canada also implied that rates would likely be kept at this low level for a considerable amount of time to ensure economic recovery. Read More >> |
 Inflation Rate Inches Higher to 3.2%24 October 2011 Which Way to Pay The rate of inflation has risen in Canada throughout the year ending in September to 3.2%, largely dragged up by increasing prices of food and gasoline. According to Statistics Canada, the cost of food has risen by 4.3% over the last year, with the price of energy increasing by 12.5%. Increases of this scale are bound to affect inflation. Read More >> |
 Fees and Charges that are Easy to Avoid!20 October 2011 Which Way to Pay None of us can afford to waste money at the moment. With the future of the global economy growing increasingly uncertain, it’s more important than ever to be careful with our money. Read More >> |
 US Citizens in Canada Told Not to Worry Over Tax Returns19 October 2011 Which Way to Pay Washington’s Canadian ambassador, David Jacobson, said in a speech at the Canadian Club in Ottawa yesterday that US citizens residing in Canada would be shown leniency from the US over tax returns not filed. Jacobson said in the speech that the US government were ‘not unreasonable’ and were ‘sympathetic’ over the situation. Read More >> |
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