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 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 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 …
Read MoreProperty assessments in Nova Scotia likely to rise
Property assessments in Nova Scotia likely to rise Nova Scotians should brace themselves for a jump in their property’s valuations when they see their assessments this week, says the past president of the Halifax Regional Homeowners Association. Owen Carrigan, a former executive with the now-dormant group, said Sunday he expects those numbers will follow the steady climb of years past. …
Read MoreBank foresees two-speed Canadian economy in 2012
The Canadian economy will run at two very different speeds this year, as a new bank report foresees stronger growth in the Prairies but harder times in Ontario and Quebec. Wednesday’s provincial economic update by TD Economics concludes that growth will be stronger than previously expected in Alberta, Saskatchewan and Nova Scotia, but slower in Ontario, Quebec and British Columbia. …
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