Stephen Poloz has kept markets on edge ever since an unexpected rate cut to the Bank of Canada’s key interest rate in January, the first adjustment in four-and-a-half years. The Bank of Canada governor and his policy team are likely to keep their options open, maintaining the trendsetting lending level at 0.75 per cent —
Canadian companies are posting their best profit in three years, fueling hopes that business spending will resolve the sluggish economic growth seen in recent times. Statistically, 78% of companies in the Standard & Poor’s/TSX Composite Index reported higher revenue than a year ago, as companies such as Canadian Natural Resources Ltd. and Magna International Inc.
Thinking of applying for Canadian permanent residence? According to data from Environics Analytics, positive trends have been reported nationwide – growing stock portfolios, rising savings and a modest increase in mortgage debt – which means that this just might be the best time to consider Canadian residency. As per data from Environics Analytics, the average