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CREA Launches New Fall Advertising Campaign

Monday, August 23rd, 2010

OTTAWA, Ontario, August 23, 2010 — The Canadian Real Estate Association (CREA) debuts a new national television commercial today featuring production and editing techniques developed specifically for this project and never before used in Canadian television advertising.
Shot in HD, the new commercial is called “Faces”, and it highlights the value REALTORS® bring to one …

Bank of Canada releases report assessing impact of stronger capital and liquidity requirements on the Canadian economy

Wednesday, August 18th, 2010

OTTAWA, Ontario, August 18, 2010 — Following similar international reports by the Financial Stability Board (FSB) and the Basel Committee on Banking Supervision (BCBS), the Bank of Canada today published a comprehensive assessment of the potential impact on the Canadian economy of new global capital and liquidity standards, which are to be finalized later this year by the G-20.
Using …

CIBC World Markets Inc. trims forecast for rate hikes and currency strength in Canada as economic growth outlook dampens abroad

Wednesday, August 18th, 2010

TORONTO, Ontario, August 18, 2010 — Continuing weakness in the U.S. economy may force the Bank of Canada to put interest rate hikes on hold after September, notes a new report from CIBC World Markets Inc.
“North America’s story is again darkening,” says CIBC’s Chief Economist Avery Shenfeld in the latest Global Positioning Strategy report. “We were looking for a material second-half …

Minister of Finance Launches Consultations to Help Businesses Obtain Long-Term Mortgages

Monday, August 16th, 2010

OTTAWA, Ontario, August 16, 2010 — Consultation Paper: Ensuring Businesses Access to Long-Term Mortgages

The Honourable Jim Flaherty, Minister of Finance, today released a consultation paper that proposes to give businesses more flexibility in negotiating mortgage terms with lenders.

BC and Ontario housing markets feel effects of HST in July

Monday, August 16th, 2010

OTTAWA, Ontario, August 16, 2010 — The Canadian Real Estate Association (CREA) says national home sales activity continued to trend down in July 2010. The decline was almost entirely the result of fewer sales in British Columbia and Ontario. A slowdown in demand in these two provinces had been widely expected in July, as many purchases were brought forward into the first half of the year …

Let the Saving Begin, Canada!

Thursday, August 12th, 2010

TORONTO, Ontario, August 12, 2010 — Well-known Canadian broadcaster, Valerie Pringle will kick-off a two-week, cross-Canada tour starting in Halifax on Monday, August 16 to talk to Canadians about their saving habits, challenges and successes. The tour is part of Ms. Pringle ’s role as the Saving Ambassador for Scotiabank’s new Let the Saving Begin program, which is designed to …