Global Economies Likely to Avoid Double Dip: Scotiabank 2011-12 Outlook for Global Economies, Markets and Currencies

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TORONTO, Ontario, December 07, 2010 — Global economies are likely to avoid a double-dip recession, according to Scotiabank Chief Economist Warren Jestin, co-author of a comprehensive forecast unveiled today at Scotiabank’s 2011-12 Economic and Market Outlook Conference (EMOC).
“Global economic activity has decelerated in recent months, with next year’s growth in North America, Europe …

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Residential values expected to climb further in 2011 as housing sales stabilize in most major centres, says RE/MAX

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KELOWNA, British Columbia, December 07, 2010 — Although improved economic fundamentals will have a positive impact on Canadian housing markets moving forward, the forecast for residential real estate sales remains static in most major centres in 2011, according to a report released today by RE/MAX.
The RE/MAX Housing Market Outlook 2011, examining trends and developments in 26 major …

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Residential values expected to climb further in 2011 as housing sales stabilize in most major centres, says RE/MAX

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BMO North America Business Study: Canadian Business Owners More Upbeat On Economy Than U.S. Counterparts

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TORONTO, Ontario, November 29, 2010 — BMO Financial Group today announced the results of a cross-border survey revealing that Canadian business owners are significantly more optimistic about the prospects for their domestic economy compared to their American counterparts.
The study, conducted by Harris/Decima for BMO Financial Group, …

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Canada’s Homeownership Affordability improves for the First Time in over a year: RBC Economics

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TORONTO, Ontario, November 29, 2010 — After four consecutive quarters of rising homeownership costs, housing affordability improved in the third quarter of 2010 thanks primarily to a drop in mortgage rates and some softening in home prices, according to the latest Housing Trends and Affordability report released today by RBC Economics Research.
“The improvement in affordability during …

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Ontario REALTORS® support grow ops registry bill

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TORONTO, Ontario, November 25, 2010 — Ontario REALTORS® support private members Bill 139, Clandestine
Drug Operation Prevention Act, 2010, introduced by MPP Lisa MacLeod to establish a marijuana grow operations and clandestine drug laboratory registry.
“Grow-ops are major problem for homebuyers in the province and we have been urging the Ontario government to establish a …

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Minister of Finance Signals Restraint as Government Maintains Focus on the Economy

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OAKVILLE, Ontario, November 22, 2010 — The Honourable Jim Flaherty, Minister of Finance, today said that Budget 2011, the next phase of Canada’s Economic Action Plan, will maintain the Government’s focus on the economy, jobs and growth, and returning Canada’s books to balance.
Speaking to the Oakville, Ontario, Chamber of Commerce, Minister Flaherty stated, “This …

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Minister of Finance Signals Restraint as Government Maintains Focus on the Economy

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Minister of Finance Hosts Toronto Consultation on the Next Phase of Canada’s Economic Action Plan

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TORONTO, Ontario, November 19, 2010 — The Honourable Jim Flaherty, Minister of Finance, today hosted in Toronto a consultation with business leaders, as part of a series of discussions with Canadians on how Canada’s Economic Action Plan will continue to shape the country’s economic future in Budget 2011.
“People are concerned about the economy, jobs and their household …

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Minister of Finance Hosts Toronto Consultation on the Next Phase of Canada’s Economic Action Plan

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Canada Notes Strong Relations with China

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OTTAWA, Ontario, November 18, 2010 — Today the Honourable Chuck Strahl, Minister of Transport, Infrastructure and Communities, met with His Excellency Li Shenglin, Minister of Transport for the People’s Republic of China.
“I am delighted to have had the opportunity to meet with Minister Li while he is visiting Canada,” said Minister Strahl. “Minister Li was a …

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Government Agrees to Sell Shares of General Motors

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OTTAWA, Ontario, November 18, 2010 — The Honourable Jim Flaherty, Minister of Finance, today confirmed that Canada GEN Investment Corporation (Canada GEN) has agreed to sell 30,453,205 shares of common stock of General Motors Company (GM) at a public offering price per share of US$33. Canada GEN has also granted the underwriters of the initial public offering the option to acquire from …

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Canadian Housing Not in a Bubble-BMO

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TORONTO, Ontario, November 16, 2010 — While there is growing speculation that the Canadian housing market is a bubble ready to implode, a new report from BMO Capital Markets Economics asserts that market valuation is only moderately above long-term trends.
“All things considered, the Canadian housing market does not appear to be in a bubble, and is unlikely to suffer a U.S.-style …

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