Canada to update tariff system for first time since 1974: Will it hurt consumers?

For the first time in 39 years, Canada is updating its preferential tariff regime, increasing tariffs on more than 1,000 items imported from 72 different countries.

Markets rebound after Cyprus reaches last-ditch bailout deal

European shares rebounded and safe-haven German bonds fell early today after Cyprus clinched a last-ditch deal with lenders to bail out the debt-ridden island and avert a collapse of its banking system.

The Budget: Conservatives stick to deficit-cutting strategy

The Harper Conservatives stuck to their deficit-reduction mantra in a federal budget that includes departmental cuts, a clampdown on tax evasion and help for the manufacturing industry.

No crash in store for Canadian housing market: Scotiabank

TORONTO — A slowdown in Canada’s housing market will continue through 2013 and years of stagnation may follow, but no crash is likely because demographic trends will support demand in the medium term, a report by Scotiabank said on Monday.

Cyprus bailout deal rattles investors around the world

TOKYO — Stocks and commodities fell sharply in Asia on Monday as investors were rattled by a radical bailout plan for Cyprus and piled into safer assets including the U.S. dollar, gold and sovereign debt.

Canadian car buyers choosing long term financing and leases

Canadians have become much pickier about acquiring a new car or light truck, and one reason is surely the slowing economy.

Brokers pursue mortgage break for first-time home buyers

Mortgage brokers are pressing the federal government to make it easier for young people to buy their first homes, just as the spring sales season descends and Ottawa prepares its next budget.

B.C. adds 19,800 jobs in February, unemployment rate at 6.3%

British Columbia’s economy took a surprising turn in February, as the province added thousands of jobs following a slump the previous month.

Worries over Chinese, American economies push TSX lower

TORONTO — A new round of worry about the Chinese economy and uncertainty about the impact of big U.S. government spending cuts pushed the Toronto stock market lower Monday.

Largest annual US home values rise since July 2006 recorded

Home values in the United States began 2013 on a positive note, much the same way they ended 2012, and rose for the fifteenth consecutive month in January, the latest real estate market report shows.

Paradigm Attracts New Institutional Investors

Culpeper Capital & Fortress Investment Funds have bought a majority interest in Paradigm Quest Inc.