Economic Update

Economic conditions have an impact on the mortgage rates that Canadian lenders offer borrowers. Below is a sampling of recent news on the economy of interest to Canadian home buyers and borrowers.

Financial Post Top Stories

Fri, 12 Mar 2010 01:02:35 GMT
Big funds stalk Canwest newspapers
The sale of Canada’s largest English-language daily newspaper chain has attracted some of the country’s financial heavyweights as potential suitors.
Fri, 12 Mar 2010 01:02:40 GMT
Potash Corp. earnings dramatically improve
The company said a sharp rebound in potash demand will help it earn between $1.30 and $1.50 a share. The new estimate is way above the range of 70¢ to $1.00 guidance it gave in late January.
Fri, 12 Mar 2010 00:02:56 GMT
Murdoch takes aim at New York Times
Starting next month, Rupert Murdoch will wage a full-on assault against The New York Times by launching a New York edition of the The Wall Street Journal, the business news bible he bought in 2007 for US$5-billion.
Fri, 12 Mar 2010 00:36:24 GMT
Transat strategy 'didn't work'
Jean-Marc Eustache, Transat A.T. chief executive, admitted Thursday that his efforts to restore the profitability of the country’s largest tour operator fell flat this winter after just about everything that could have gone wrong did.
Fri, 12 Mar 2010 02:31:51 GMT
Alberta revamps oil and gas royalty regime
Alberta, responding to more than two years of harsh criticism, has once again revamped its conventional oil and gas royalty regime, this time returning to rates similar to those announced before the government tore up the rules in 2007.

The Globe and Mail - National Page News

Thu, 11 Mar 2010 21:36 -0500
Man charged with murder of OPP officer dies in hospital
Fred Preston, 70, was charged in death of OPP Constable Vu Pham


Thu, 11 Mar 2010 21:02 -0500
If straight dope comes to light, Ontario stands to lose deep drug discounts
Confidential rebates let province reap large savings on brand-name pharmaceuticals, but that secrecy is under siege


Thu, 11 Mar 2010 20:27 -0500
A learner's guide to shaping B.C.'s political agenda
Hard-fought lessons from Catalyst president Richard Garneau, who led an out-and-out tax revolt – and got results


Thu, 11 Mar 2010 20:14 -0500
HST a potential boon to Ontario's tax collectors
Employees who transfer to Ottawa will collect up to $45,000 in severance; B.C. won't offer the same deal


Thu, 11 Mar 2010 18:13 -0500
Bill would create up to 45,000 new status Indians
Ottawa introduces legislation to extend recognition to grandchildren of aboriginal women


The Globe and Mail - World News

Thu, 11 Mar 2010 22:21 -0500
Canadian doctors fear 'life and death' crisis at African AIDS clinic
Dispute in Lesotho threatens to spark public health nightmare


Thu, 11 Mar 2010 21:40 -0500
Yanukovich passes law to solidify control for his party
Ukraine’s new President eliminates last vestiges of Orange Revolution


Thu, 11 Mar 2010 21:13 -0500
Obama donates Nobel Prize money to charity
U.S. President Barack Obama will donate the $1.4-million he received with his Nobel Peace Prize to helping students, veterans' families and survivors of Haiti's earthquake, among others, the White House said yesterday. The following charities will receive a share of the money.


Thu, 11 Mar 2010 20:02 -0500
Fraud alleged on Iraq voting commission
Delay in releasing the results of counting raises suspicions; UN official says accusations without substance


Thu, 11 Mar 2010 19:20 -0500
Obama relishes role as court jouster
U.S. President openly chafes at Supreme Court’s dominance by conservative justices


The Globe and Mail - Report on Business News

Thu, 11 Mar 2010 20:15 -0500
Devon and BP team up on oil sands revival
U.S. energy player's asset transfer deal with U.K. giant brings valuable technical know-how to long-dormant Kirby project in Alberta


Thu, 11 Mar 2010 20:15 -0500
Warm Canadian winter clouds Transat's outlook
Tour operator's shares tumble 30 per cent after first-quarter loss and gloomy forecast


Thu, 11 Mar 2010 20:15 -0500
An influential voice leaves Bay Street
With a willingness to speak out, TD's Don Drummond redefined the role of bank economist


Thu, 11 Mar 2010 20:15 -0500
EMI turnaround plan hitting all the wrong notes
Guy Hands has until June 14 to submit a business plan to investors for long-term growth and profitability of the music company


Thu, 11 Mar 2010 19:28 -0500
Buying a stock's growth at a discount
Canadian stocks trading at the greatest PEG discounts


The Globe and Mail - Your Money News

The Globe and Mail - Real Estate News

Thu, 11 Mar 2010 13:48 -0500
A 13-year-old gets a room to brag about
Nick's room goes from basement frumpy to teen boy chic


Thu, 11 Mar 2010 13:37 -0500
Sometimes, views make the condo
At a Jarvis Street residence, the living-room sofa offers a panorama of historic Toronto buildings


Thu, 11 Mar 2010 13:31 -0500
A challenge to build the ultimate tree house
Three architecture firms are asked to design a springtime present


Thu, 11 Mar 2010 13:25 -0500
An artful addition to Queen West’s changing landscape
Art Condos brings family-sized homes in an attractive wrapping


Thu, 11 Mar 2010 13:15 -0500
Don’t park your clutter in the garage
Even in new homes the garage is often a tight squeeze. Proper storage becomes a necessity