Month: May 2015

The Bank of Canada’s (BoC) surprise rate cut in late January, which brought short-term rates to their lowest level since the Global Financial Crisis, seems to have potentially spurred some much-needed investment among the country’s businesses, or has it? According to a recent report from the Royal Bank of Canada’s (RBC) economics team, Canada’s business…

According to the latest release from the Office of the Superintendent of Bankruptcies (OSB) personal bankruptcies in Alberta increased 20% in February versus the previous month and were 10% higher versus February 2014. Nationally, consumer bankruptcies were up by 10% month over month. Unfortunately for Alberta, given the current economic backdrop, we are most likely…