Shell taps into Nova Scotia’s offshore oil potential with four drilling permits
The board said Shell’s combined $970-million bids for the four projects were the highest it had received. Peter MacKay, Minister of National Defence and Regional Minister for Nova Scotia, said that the bid highlighted the reinvigorated interest in Nova Scotia’s offshore oil potential, which could be as much as eight billion barrels of oil. “Exploration off Nova Scotia’s coasts ensures that our …
Read MoreBrazilian Jobless Rate Falls to Record Low in December
Brazil’s unemployment rate declined to a historical low in December, and came below economists’ forecast, data released by statistical office IBGE showed Thursday. The unemployment rate dropped to 4.7 percent in December from 5.2 percent in November. Economists had called for a jobless rate of 4.9 percent. The latest figure was the lowest recorded since the survey began in 2002. …
Read MoreCanada – Rock-solid Financial Services
Amidst the global financial turbulence, Canada stands out as a safe – and financially sound – destination for investors. From the World Economic Forum to the International Monetary Fund, Canada earns top marks for having the strongest banking system and has one of the most highly developed financial services sectors on the planet. Canada’s financial services industry is world-class and …
Read MoreBrazil’s Booming Economy Is Creating 19 ‘Millionaires’ Every Day
Speaking on the fringes of the Private Banking Latin America 2011 conference, Guilhermo Morales, head of Latin American private banking for Portuguese lender Millennium BCP, said Brazilian consumption continues to grow very strongly, boosting the fortunes of retailers, banks and a plethora of industries that are clamoring for size. As these businesses grow, so does their owners’ wealth. “There are …
Read MoreNova Scotia, Canada home prices to see ‘healthy’ rise
Expert: Shipbuilding deal will heat up Halifax market in about 18 months The Halifax area is on the cusp of a real estate renaissance that will see average rents and home prices begin a slow and long-lasting rise, real estate guru Don R. Campbell said Monday. “It’s going to be a slow and healthy sort of increase in real estate …
Read MoreCanadian property sales still increase as prices hold steady, latest data shows
Residential property sales in Canada increased 1.8% from November to December, according to the latest figures published by the Canadian Real Estate Association (CREA). Annual activity totalled 456,749 sales in 2011, up 2.2% from 2010 and the number of newly listed homes increased 3% month on month. A simultaneous increase in sales and new listings kept the national resale housing …
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