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Many Canadians plan to spend less on holiday shopping, CIBC Poll

Many Canadians plan to spend less on holiday shopping, CIBC Poll

Canadians plan to spend less than last year this holiday season, yet more than half expect to go over budget. According to a new CIBC poll, Canadians will spend, on average, $567 during their holiday shopping, compared to $652 last year. “The danger comes from what’s not wrapped — the entertaining, travelling, or even tempting Boxing Day sales and New ... Read More »

Jollibee opens first restaurant in Canada

Jollibee opens first restaurant in Canada

Jollibee, known as the “McDonald’s of the Philippines,” will open its first Canadian store in the city on Thursday. Jollibee is famous for its signature crispylicious and juicylicious fried chicken, which is delicately breaded to be crispy on the outside, and its secret marinade makes it juicy inside. Kids love the Jolly Spaghetti’s signature sweet-style sauce, loaded with slices of ... Read More »

Canada new housing prices rise in 2017

Canada new housing prices rise in 2017

A new report from RE/Max forecasts the GTA’s average housing prices will rise eight per cent compared to Greater Vancouver’s two per cent in 2017. The average residential sale price increased 13 per cent in Greater Vancouver to approximately $1,020,300 and rose 17 per cent in the Greater Toronto Area (GTA) to an estimated $725,857. Although demand remains high in ... Read More »

Canadian existing home sales fall in June from month earlier, Report

Canadian existing home sales fall in June from month earlier, Report

Canadian home sales for the second month in a row, dropping 0.9% from May to June, but average prices rose 11.2% year-on-year to $503,301, the latest data shows. The Canadian Real Estate Association, the industry group representing realtors across the country, on Friday said existing-home sales fell 0.9% from May. Sales in Canada’s most closely watched areas of Vancouver and ... Read More »

Brexit’s Impact On Canada? Dollar weakens to three-week low as markets plunge on Brexit

Brexit's Impact On Canada? CAD weakens to three-week low as markets plunge on Brexit

The Canadian dollar weakened to a three-week low against its U.S. counterpart on Friday as a plunge in global financial markets after Britain voted to leave the European Union weighed on Canada’s risk-sensitive currency. The vote to leave the European Union forced the resignation of Prime Minister David Cameron and dealt the biggest blow to the European project of greater ... Read More »

WalMart Canada to no longer accept Visa cards, Fees too high: Report

WalMart Canada to no longer accept Visa cards, Fees too high

Walmart Canada has announced it will no longer be accepting Visa cards as payment at all of it’s locations nationwide. In a written statement, the store says that fees applied to Visa cards are ‘unacceptably high’. “Following an evaluation of credit card transaction fees in Canada and the rest of the world, we have recently concluded the fees applied to ... Read More »

Toronto house prices up 15.7 per cent in May

Toronto house prices up 15.7 per cent in May

Toronto real estate prices continue to climb amid fresh calls for more protections against the possibility of rising interest rates. We hit another record last month as the competition to lock down single family dwellings remains fierce, according to the Toronto Real Estate Board (TREB). Read More »