Economic Indicators

Economic Indicators

Oil industry finds sweet spot for job cuts

The oil and gas industry has struggled to make changes to improve the bottom line, and that has included cutting jobs.

By Staff |February 23, 2017

1 min read

Economic Indicators

Average home price in GTA surpasses $1 million

For clients looking for single-family homes in the Greater Toronto Area, prices continue to climb.

By Staff |February 23, 2017

2 min read

Economic Indicators

CIBC wealth management profit gains 12%

CIBC’s wealth management business reported net income of $133 million for the first quarter, up $14 million or 12% from the same period a year earlier. Read: Economic releases and news to watch For the period ended January 31, 2017, the bank’s overall net income was $1.41 billion, up from $982 million a year ago. […]

By Staff, with files from The Canadian Press |February 23, 2017

2 min read

Economic Indicators

U.S. home sales hit 10-year high

Americans shrugged off rising mortgage rates and bought existing homes in January at the fastest pace since 2007. Home sales rose 3.3% in January from December to a seasonally adjusted annual rate of 5.69 million, reveals U.S. data from the National Association of Realtors. However, sales remain 21.5% below the all-time peak in 2005, says […]

By Staff, with files from The Associated Press |February 22, 2017

1 min read

B.C. budget surplus means tax cuts for business, individuals

Yesterday, the B.C. government introduced its 2017 budget. For fiscal 2016-17, the forecasted budget surplus is $1.5 billion — about $1.2 billion better than expected a year ago. “The largest improvement on the revenue side comes from personal income taxes and property transfer tax, which includes revenue from the 15% foreign-buyer tax effective August 2,” […]

2 min read

In an uncertain world, Japan remains safe haven

If it seems like rising global unrest is unavoidable, you might take comfort in the stability offered by Japan, despite the yen’s weakness against the U.S. dollar. Read: Here’s what global experts are worried about Increasing expectations for U.S. inflation help the U.S. dollar appreciate against other major currencies, say Royce Mendes and Andrew Grantham […]

By Staff |February 22, 2017

2 min read

Canada-EU trade deal could boost annual revenue by $12 billion

The EU parliament has voted in favour of a landmark trade deal with Canada — the Comprehensive Economic and Trade Agreement or CETA. The deal would eliminate 98% of tariffs for both partners, and is expected to annually increase bilateral trade by 20% and boost Canada’s income by $12 billion. The economic benefit equates to […]

1 min read

Economic Indicators

Oil industry finds sweet spot for job cuts

Average home price in GTA surpasses $1 million

CIBC wealth management profit gains 12%

U.S. home sales hit 10-year high

B.C. budget surplus means tax cuts for business, individuals

Economic releases and news to watch

In an uncertain world, Japan remains safe haven

Energy and financials still most attractive in U.S.

Canada-EU trade deal could boost annual revenue by $12 billion

UPDATED: Trump’s policies could influence Fed, says Yellen