Tall Ships 2012 expected to have ‘enormous’ economic impact
Tall ships are slated to fill the sails of the local Nova Scotian economy next summer. The event will be similar in size to the 2009 tall ships event that generated about $32.8 million in direct and indirect spending around the province, said Colin MacLean, president of the Waterfront Development Corp. An overview provided by the provincial Crown agency indicates …
Read MoreNova Scotia Home sales rise in Q3
Residential sales and listings were up across the province in the third quarter, according to figures released Friday by the Nova Scotia Association of Realtors. From July to September there were 1,583 homes sold in the Halifax-Dartmouth area, an increase of 12 per cent from the same period last year. That is in line with the provincial average increase of …
Read MoreCanadian salaries expected to rise despite global economic woes
The global economy may be in for a bumpy ride, but Canadian workers can still expect modest pay hikes in the coming year. Employees will see average salary increases of 3.1 per cent next year, the Conference Board of Canada said in its recent compensation outlook. That is similar to the 3-per-cent gain last year. Employers are “optimistic, but guarded, …
Read MoreGerman Truck Maker MAN to Invest Another $559 Million in Brazil
German truck maker MAN, controlled by multinational Volkswagen, plans to invest an additional 1 billion reais (some $559 million) in Brazil, the president of the company’s Latin American subsidiary said. “It’s the biggest (investment program) we’ve announced in our 30-year history. Between 1995 and 2011, we had three big investment cycles totaling 3 billion reais (some $1.7 billion),” Roberto Cortes …
Read MoreNewly wealthy Brazilians put out to sea
Foreign Boat makers move to take advantage of boom in yacht demand Marcio Christiansen reeled off tales of the growing ranks of rich Brazilians who visit his showroom for Ferretti luxury yachts, where clients sip espressos on an oversized sable sofa and electronic music bubbles in the air. One man paid $2 million for a vessel, Mr. Christiansen said, after …
Read MoreBrazil Housing Demand Set to Post Remarkable Growth
The housing demand in Brazil is projected to reach around 1.8 Million Units by the end of 2014, identified RNCOS in one of its latest research report. 09/07/2011 — The Brazilian housing industry has emerged as the most vibrant and dynamic section of the real-estate industry. With the entry of numerous real-estate developers, availability of finance options, and increasing demand …
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