Ships will put wind in Halifax’s sails – Expert predicts economy will get 2.6% boost by 2013
Halifax’s $25-billion naval shipyard contract will single-handedly transform Nova Scotia’s economy into one of the strongest in Canada by 2013, a TD Bank Group economist predicts. The bank had been expecting the economy to limp along during the next two years. But since the awarding of the shipyard contract, TD is far more optimistic about Nova Scotia’s prospects. So much …
Read MoreRecord 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 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 MoreConfident Canada ranks No.1 among G20 countries for new businesses
Canada is the only G20 country able to claim that high levels of confidence among entrepreneurs are reflected in a similarly high number of new businesses registered. A new report from Ernst & Young finds Australia also performs well on both counts, though it lags well behind Canada. For all other countries, there are significant opportunities for improvement on one …
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