Financial News

BNN.ca staff and Reuters - September 09, 2010
Canada's banking system has been judged by the World Economic Forum to be the safest in the world for the third straight year.

Finance minister Jim Flaherty commented on the results, saying "It's no wonder that international leaders around the world praise Canada's financial system as a model for others to emulate.  "Today's ranking by the World Economic Forum is further evidence that Canada's model does work and is an example to the world."  Flah...

Reuters - September 09, 2010
New home prices edged lower in July for the first time in 13 months as a new tax regime took effect and the once-hot housing market continued to cool, according to Statistics Canada data released on Thursday.

The new housing price index slipped 0.1 percent in July, while analysts in a Reuters poll had forecast a 0.1 percent increase. Home prices climbed 0.1 percent in June.

Statscan said the introduction of a new sales tax in July in Ontario and British Columbia...