Record investment dollars poured into Canadian housing stock over past decade
Billions spent in new construction, renovation, and infill over the past decade have contributed to a serious upswing in the calibre of Canada’s housing stock, propping up residential average price in the country’s major centres, according to a report released by RE/MAX. Since the year 2000, the value of a Canadian home has doubled, rising from $163,951 to $339,030 in …
Read MoreCanada 6th place in annual UN development ranking
Canada is ranked sixth in the world in terms of achievements in incomes, health and education, the United Nations’s annual human development index shows. The latest report, to be released Wednesday, shows Canada’s overall position hasn’t changed from last year and has climbed three notches since 2006. Norway is top of the 2011 list, followed by Australia, the Netherlands, the …
Read MoreNova Scotia lodge among world’s top foodie travel destinations
What does Trout Point Lodge in East Kemptville, Nova Scotia have in common with Copenhagen’s Noma, the world’s best restaurant in 2011? Both have been selected as members of Departures magazine’s ultra-exclusive Top 10 “foodie getaway” list of global culinary experiences worth planning a trip around. Trout Point was cited by the upscale travel tome, a sister to Food & …
Read MoreBrazil heading for another record trade surplus close to 30 billion dollars
Brazil posted a trade surplus of 2.355 billion dollars in October, beating forecasts for a third straight month, outpacing imports in the final days of the month following a recovery in global commodities prices. The surplus reported by the trade ministry was the highest for the month of October since 2007. Brazil, the world’s No 2 exporter of soy and …
Read MoreIMF says Canada faring better than others in G7
Canada has avoided falling into recession with forecasts projecting a very modest degree of growth over the next year or so. Statistics Canada reported Monday that that Canadian GDP grew 0.3 per cent in August, a better-than-expected increase fuelled by the energy sector. Output in mining and oil-and-gas jumped 3.3 per cent, a bounce after wildfires in Alberta weighed on …
Read MoreBrazil’s net debt lowest since 1997 falling 37.2% of GDP in Sept
Brazil’s net debt fell in September to its lowest level since 1997, as a 15% decline in the real last month boosted the value of the country’s near-record 353 billion dollars in foreign currency reserves. Net debt fell to 37.2% of GDP in September, the central bank said Monday in a report, compared with 39.2% of GDP in August. Brazil’s …
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