by Malcolm Morrison, THE CANADIAN PRESSTORONTO – Real estate fraud is a rare thing but experts in the field say that doesn’t mean people should assume it will never happen to them – considering the misery it can inflict on the unwary homeowner, it’s worth knowing that it’s out there and it’s nasty. “I compare […]

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By Martin Crutsinger  WASHINGTON — The International Monetary Fund says the global economy, after enduring a crippling recession, should see better-than-expected growth this year, led by strength in China and other developing countries. In an updated economic outlook, the IMF forecast that the world economy would expand 4.2 per cent this year, faster than its […]

Bank signals higher interest rates only weeks away, as dollar soars By Julian Beltrame, The Canadian Press OTTAWA – The Bank of Canada signalled Tuesday it is poised to start raising interest rates in a matter of weeks, a move that will make borrowing costs higher on everything from car loans to mortgages. Over the […]

The Bank of Canada held the overnight rate target at 0.25%, but surprised markets by removing the conditional commitment to keep rates there until the end of the second quarter of 2010. This increases the likelihood of a rate increase in June. The Bank of Canada has recognized stronger-than-expected near term growth in both the […]

Taxes take up greatest part of household income By The Canadian Press VANCOUVER, B.C. – A prominent think-tank that’s often critical of government spending policies says Canadian families spend more than two-fifths of their total income on taxes. The Fraser Institute says its annual Canadian Consumer Tax Index calculated that taxes ate up 41.7 per […]

By Derek Scott, The Canadian Press VANCOUVER, B.C. – Buying a house in the hot housing markets of Vancouver, Toronto and other major cities in recent years has been a possible dream for some first-time homebuyers only because many of those houses had suites they could rent out. But new rules coming into effect April […]

Anticipation of Bank of Canada rate hikes are fuelling mortgage increases, high dollar By Julian Beltrame, The Canadian Press OTTAWA — The Bank of Canada has yet to officially start hiking interests rates, but already Canadians are feeling the impact of higher borrowing costs. Analysts say expectations the central bank will boost rates June 1 […]

Published on Tuesday, Apr. 13, 2010 The Globe and Mail Report on Business   berman@globeandmail.com For a glimpse of what the future may feel like in the Great White North, look Down Under. Faced with a jumping housing market, a steadily improving job market and a commodity boom, all of which sound familiar to Canadians, […]