Iqaluit handles summit without a hitch
Iqaluit pulled it off, with ease. The financial world’s biggest power brokers – from World Bank President Robert Zoellick to U.S. Treasury Secretary Tim Geithner – came and went during the two-day G7 finance ministers’ summit without a hitch. Other than a slight slowdown in their Internet speed, most of the residents in this small […]
Canada’s economy to grow faster than G7 average: IMF
Canada will beat out average G7 economic growth this year and next, the International Monetary Fund said Tuesday. The global economy is bouncing back from negative territory quicker than expected and will grow 3.9% this year, the IMF said in its World Economic Outlook. Vigorous growth in Asia combined with surprising strength in U.S. consumer […]
Solid growth predicted for T.O.’s economy in 2010
Toronto is poised to have one of the fastest-growing city economies in 2010, says a new study from the Conference Board of Canada. In a report released Wednesday, the private think tank projected 3.5 per cent growth in Toronto’s economy, mainly led by a rebound in construction and manufacturing. “Manufacturing output is expected to increase […]
A ‘happy day’ as Haitian orphans arrive in Canada
OTTAWA-Twenty-four Haitian orphans stepped off an Air Canada A330 on Sunday into frigid cold to begin new lives in Canada. The children, ages 9 months to 11 years, were wrapped in blankets and whisked into the Canada Reception Centre. They are the first wave of some 180 expected to be approved for adoption by Canadian […]
GTA new home sales up 24 per cent in 2009
New home sales in the Greater Toronto area were up by 24 per cent in 2009 compared to a year earlier, according to figures released today. The Building Industry and Land Development Association (BILD) stated 33,165 new homes and condos were sold in the GTA, compared to 27,153 in 2008. Most of those sales were […]
Canada to speed up immigration requests from Haiti
TORONTO — The Canadian government says it will expedite immigration applications from Haitians with family in Canada and give immigration priority to Haitians adversely affected by the devastating earthquake. Immigration Minister Jason Kenney said Saturday that Haitians currently in Canada temporarily will also be allowed to extend their stay. Canada will also prioritize pending adoption […]