Category Archives: Economics

Are Canada’s Central Bankers out of touch with Main Street or what?

In spite of a recent report issued earlier this month by the Institute of International Finance (IFF) that the world is swimming in a record $233 trillion of debt, soaring to a record $233 trillion in the third quarter of 2017 Canada’s central banker went ahead today anyways, raising rates by another .25% to 1.25. […]

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Thinking wisely and acting foolishly

A new CIBC survey shows a quarter of Canadians say paying down debt is their top personal finance priority for 2018 as has been for the previous seven years. And we know how well that’s been working out for households in this country. So is there any reason to believe next year will be different? […]

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In Praise of Profit

It may be politically incorrect to say this today. But, that doesn’t make it any less true. It’s good when businesses make money. Profits are important to the Canadian economy. They’re what generate jobs. They’re the mainstay of prosperity for the middle class—and for all Canadians. It’s a fact all too often forgotten in today’s […]

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Canadian Problems that Infrastructure Investment Can Solve

Many advocacy groups out there today seem more focused on simply gaining attention while promoting their utopian ideals with little concern for the deeper economic impacts their positions would have on what makes Canada the Canada of today. However, there does exist out there a few champions and voices of reason. Since 1925, the Canadian […]

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Bankruptcies Drop but More Deals with Creditors

Here’s another reason for our clients to remain vigilant in both their credit granting processes as well as their accounts receivable follow-up, including outsourcing problem accounts to Case Receivable Management Inc. Let’s start with the good news. Less Canadians are filing for bankruptcies. Yay! Now for the bad news, more are asking for help with […]

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Does consumer confidence appear in your balance sheet?

A rising currency and a red-hot labor market has sent Canadian consumer confidence to the highest in three years. The Bloomberg Nanos Canadian Confidence Index a gauge based on telephone polling climbed to 60.5 in the week ended Aug. 4, the highest since July 2014 and close to a record. The improving sentiment suggests Canadians are shrugging […]

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Interest Rate Fears Overblown?

Trudeau Officials are fearing the impact of speedy rate hikes by the Bank of Canada. Officials within Prime Minister Justin Trudeau’s government are concerned the Bank of Canada is moving too quickly to raise interest rates, fearing higher borrowing costs could inadvertently trigger a downturn. Governor Stephen Poloz raised the central bank’s key overnight rate […]

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Canadian Income Tax: Happy 100th Birthday!

Canadians will be interested (though probably not happy) to know that this year marks the 100th anniversary of the federal income tax. Conservative Finance Minister Sir Thomas White introduced it for debate July 25, 1917, three years into the First World War, just days after Parliament adopted compulsory military service. What conscription did for young […]

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Earth Day: Time for Science (Maybe Someday Common Sense)

According to The Google, today we honor the rich, vast Earth that’s sustained generations before us and continues to nurture life and inspire wonder. At an estimated 4.543 billion years of age, the Earth is still the only known object in the Universe known to harbor life. It’s also the densest planet in the Solar […]

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Alberta: Government Fueling the Debt Culture

Today’s sheep are spared, so that tomorrow’s may be more lavishly fleeced. Finance Minister Joe Ceci’s budget released this past Thursday showed a $10.3 billion deficit for the coming year and that Alberta’s debt would rise to $71.1 billion by 2020! Remember it was only 12 years ago, in 2005 in fact, that Alberta was […]

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