Canada silent on bank stress tests

The U.S. Federal Reserve is preparing to release the results of beefed-up stress tests on the nation’s largest banks, and an official from the top banking regulator in the United Kingdom stated publicly Thursday that banks there are preparing for the worst, including a disorderly breakup of the eurozone.

Changes to financial institutions act gives minister say on foreign acquisitions

OTTAWA - The federal government is moving ahead with changes to laws governing Canada's financial institutions which gives Ottawa more authority over foreign acquisitions.

Canadians expected to purchase 100 gifts per minute on busiest online shopping day of the year

TORONTO, Nov. 22, 2011 /CNW/ - The holiday shopping rush has only begun, according to eBay Canada. Based on eBay data and the holiday shopping season so far, eBay predicts that Sunday, November 27th will be Canada's busiest online shopping day of 2011.

Age 55 doesn’t mean mortgage freedom for most Canadians

TORONTO — More than one-in-three Canadians expect they’ll be carrying mortgage debt long after they turn 65, according to Royal Bank’s latest housing survey.

Flaherty visits Japan to strengthen economic ties and create jobs and growth

The Honourable Jim Flaherty, Minister of Finance, met with high-level officials and business leaders in Tokyo to improve trade and business relations between Canada and Japan, helping to create new jobs and economic growth for Canadians.

Italians are the latest overseas property buyers to see London as a safe haven

Rich Italians are investing in the safe haven of prime London residential property to protect their wealth from impending economic turmoil, according to EA Shaw, a central London property consultancy.

Winnipeg post the highest year-over-year price increase

The New Housing Price Index (NHPI) rose 0.2% in September, following a 0.1% advance in August.

Do your homework before purchasing homes in the U.S

Savvy Canadian homebuyers purchasing real estate in the weak U.S. market can find excellent value, say real estate experts, provided they perform due diligence.

Is it time to lock into a fixed-rate mortgage?

It’s one of the most agonizing decisions homeowners make: Do you go fixed or variable? Mortgage, that is.

Housing market to stabilize in 2012: CMHC

For those expecting the housing market to produce a compelling storyline in 2012, the latest forecast from CMHC is sure to disappoint.

Floating house designed for problematic The World project in Dubai

 An unique five bed property that can float has been unveiled by a Dubai based joint venture that believes it could work well for The World project in the emirate.