Booming North East Brazil Enjoying New Found Wealth
Brazil’s long term economic outlook is promising. The Northeast region is one of the big reasons for this. Before known as one of the poorest regions in the country, the economy of the northeast of Brazil is now booming. “We used to be Brazil’s burden, and now we’re the solution” say the locals. Over recent years, Brazil has become a …
Read MoreBrazil’s economy is likely to grow by 4%
“Brazil’s economy is likely to grow by 4% coming into the second half of the year” Says Alexandre Tombini, president of Brazil’s Central Bank. Brazil is a very much closed economy and only 12% of GDP accounted for is in exports. Whilst the global crisis has had some affect on Brazil’s economy, payroll tax breaks and drastically cut interest rates …
Read MoreHalifax Real Estate Market “Unbelievably Hot”
Low inventory and strong demand are pushing up prices in the already hot Halifax real estate market. In the last quarter of 2012, the average price for a detached bungalow rose 7.3% to $285,833, according to a Royal LePage survey recently released. “The housing market is unbelievably hot,” said the Royal LePage real estate broker, Matt Honsberger. He said some …
Read MoreOttawa signs $9.3M shipbuilding contract with Irving
[HALIFAX, NS] — The federal government has signed a $9.3-million deal with Irving Shipbuilding to get started on the navy shipbuilding contract in Halifax. Defence Minister Peter MacKay says the contract will allow the shipbuilding company to review the design and devise a construction plan for the Arctic offshore patrol ships. Those are the first vessels expected to be built …
Read More$25B Halifax contract attracts alternative lenders
Alternative lenders — among them an industry leader — are now pushing into Nova Scotia, just ahead of any boom expected from that $25 billion shipbuilding contract. “Equitable has served borrowers in other parts of the country for more than 40 years and now it’s time to bring our specialized mortgage solutions to Atlantic Canada,” said company president and CEO …
Read MoreWhy Canada is a great place to retire
It’s human nature. The grass is always greener somewhere else. While most of us will probably end up retiring close to home, we can’t help dreaming about idle days spent on deserted beaches where we don’t have to heat the house or worry about shovelling the driveway. Peter Drake, Fidelity Investments Canada’s vice president of Retirement and Economic Research recently offered …
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