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Alberta

Statistics Canada reports household debt-to-income ratio ticked higher in Q1

Statistics Canada reports household debt-to-income ratio ticked higher in Q1

OTTAWA — Statistics Canada says the amount Canadians owe relative to their income ticked higher in the first quarter as debt grew faster than income. The agency says the ratio of household credit market debt to disposable income rose to 173.
Alberta premier says province is looking to entice private-sector pipeline builder

Alberta premier says province is looking to entice private-sector pipeline builder

CALGARY — The Alberta government is working to entice a private-sector player to build a major crude pipeline to coastal waters, Premier Danielle Smith said Wednesday.
Ottawa's GST rebate on new homes would save typical first-time buyer $27K: PBO

Ottawa's GST rebate on new homes would save typical first-time buyer $27K: PBO

OTTAWA — An eligible first-time homebuyer could save an average of $26,832 in sales tax on the price of a newly built home under Ottawa's latest housing proposal, the parliamentary budget officer said in a new report on Wednesday.
Committee chair reviews the Trails Project's progress

Committee chair reviews the Trails Project's progress

The ambitious two-phase project aims to connect Cochrane to Canada’s 27,000-kilometre Trans Canada Trail system, with Cochrane as a central hub.
Cochrane council approves motion for The Willows housing development

Cochrane council approves motion for The Willows housing development

The Town of Cochrane council voted to approve the second and third readings for The Willows housing development, which is now set to begin construction in the Fall.
Federal government slow to reduce, modernize its office space

Federal government slow to reduce, modernize its office space

OTTAWA — The federal government has moved slowly to reduce its office space, a new report by Canada's auditor general said Tuesday.
Citing trade wars, the World Bank sharply downgrades forecast for global economic growth to 2.3%

Citing trade wars, the World Bank sharply downgrades forecast for global economic growth to 2.3%

WASHINGTON (AP) — President Donald Trump’s trade wars are expected to slash economic growth this year in the United States and around the world, the World Bank forecast Tuesday.
Average asking rents fall annually for eighth straight month to $2,129: report

Average asking rents fall annually for eighth straight month to $2,129: report

TORONTO — The national average asking rent in May was down 3.3 per cent from a year earlier at $2,129, marking the eighth consecutive month of year-over-year decreases. The monthly report from Rentals.
Elbows-up tourism surge could see sector ‘eke out’ a gain even as Americans stay away

Elbows-up tourism surge could see sector ‘eke out’ a gain even as Americans stay away

From the front desk of Hotel Bedford in Goderich, Ont., Lynda Cross welcomes guests from regions ranging from southern Ontario to the South Pacific.
Mexican President Claudia Sheinbaum says she will attend G7 summit in Alberta

Mexican President Claudia Sheinbaum says she will attend G7 summit in Alberta

OTTAWA — Mexican President Claudia Sheinbaum says she will attend the G7 summit next week in Kananaskis, Alta. Sheinbaum was one of several world leaders invited to the summit by Prime Minister Mark Carney who are not part of the Group of Seven.