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, 30 Jul 2010 00:02:13 Z
The big app transition
Traditional media are on the threshold of a new wave of media convergence
Fri, 30 Jul 2010 00:02:17 Z
Stark warning for U.S.
A top U.S. Federal Reserve official warned Thursday the U.S. economy is close to sliding toward Japanese-style deflation, and the current policy of keeping interest rates at near-zero for an extended period might exacerbate matters
Fri, 30 Jul 2010 00:54:28 Z
Analysts see Blackpad targeting Christmas sales
Research in Motion Ltd. has planted a stake on a website with an intriguing domain name, possibly providing a strong hint of the company’s product plans
Fri, 30 Jul 2010 00:02:18 Z
Capital requirements delay boosts Manulife
Life insurance companies will have to wait until at least 2013 to get clarity from regulators on the burning question of how much capital they need to set aside to cover their exposure to popular segregated fund guarantees
Thu, 29 Jul 2010 20:23:50 Z
Court session pits BP against oil spill victims
BP came face-to-face Thursday with victims of the Gulf of Mexico oil spill during a first court hearing into the case, which is likely to become one of the nation’s biggest civil trials

The Globe and Mail - National Page News

Thu, 29 Jul 2010 22:15 -0400
Paleontologist Hans Hofmann filled an evolutionary gap by finding evidence of early life in ancient rocks
Former University of Montreal professor found Precambrian micro-organisms that bolstered Darwinian theory


Thu, 29 Jul 2010 20:41 -0400
One family’s campaign against bedbugs
Exterminators, determination, hard work and pots of money did the trick (they hope)


Thu, 29 Jul 2010 20:16 -0400
Tuition creeping beyond government funding
Student group concerned at loss of ‘public university model’


Thu, 29 Jul 2010 18:13 -0400
Fire-fighting helicopter crashes near Lillooet
Co-pilots both survived crash of Bell 214 chopper


Thu, 29 Jul 2010 17:30 -0400
Migrant ship not yet in Canadian waters
Security officials ‘very aware’ of situation, says Public Safety Minister


The Globe and Mail - World News

Thu, 29 Jul 2010 22:11 -0400
A regal wedding for an American princess
Chelsea Clinton, the only child of America’s storied political power couple, is getting married this weekend. Amid fevered speculation about the event, Joanna Slater previews what is being called the wedding of the year – if not the decade


Thu, 29 Jul 2010 22:04 -0400
Rangel hit with 13 alleged ethics charges
Action against veteran congressman sets stage for House committee trial


Thu, 29 Jul 2010 21:55 -0400
Obama puts race card face up on the table
Drawing on personal experience, U.S. President underscores how much race and education are inseparable


Thu, 29 Jul 2010 21:32 -0400
Greeks adjust to PM's elimination of untaxed 'shadow' economy
The new reality means cutting government feather-bedding and tax-inspector squads


Thu, 29 Jul 2010 21:17 -0400
Dozens arrested after Arizona judge's blocking of immigration law
Governor calls ruling halting contentious provisions of the law ‘a bump in the road’


The Globe and Mail - Report on Business News

Thu, 29 Jul 2010 19:44 -0400
Commodities gain financial ground
Sentiment that the worst of the global recession is over and that rising demand will bolster production is helping boost the financial performance of commodities companies across the spectrum


Thu, 29 Jul 2010 19:30 -0400
Shell joins global energy asset selloff
Joins other major firms with plan to divest $8-billion in assets


Thu, 29 Jul 2010 19:29 -0400
Low rates can lead to deflation: official
President of St. Louis Fed says danger of deflation could grow if ‘something else hits’ economy


Thu, 29 Jul 2010 19:15 -0400
Coffee prices on the rise
Hedge funds, poor growing conditions fuelling fresh highs


Thu, 29 Jul 2010 19:00 -0400
Staying motivated during the slow summer months
Whether it be a company outing or a mid-year performance reviews, there are a number of ways to keep employees engaged in the summertime


The Globe and Mail - Your Money News

The Globe and Mail - Real Estate News

Thu, 29 Jul 2010 11:58 -0400
A beach-inspired home created from the sand up
Light colours, slightly banged-up furniture and a few seashells: It’s a recipe for a relaxed home


Thu, 29 Jul 2010 11:50 -0400
A Garden diva cultivates way more condo green
Landscape architect Janet Rosenberg is working hard to incorporate natural oases into new high-rise developments


Thu, 29 Jul 2010 11:45 -0400
A builder turns to the iPad to sell its homes
New tool in the condo seller's toolkit


Thu, 29 Jul 2010 11:18 -0400
Family friendly, built-in
Builder Diane Cornacchia draws on her experiences in her own home when designing her infill projects


Thu, 29 Jul 2010 11:15 -0400
A unique twist on a boutique condo near the Art Gallery
Various floors of 11-storey residence will be shifted several degrees off its axis