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  • 18 Jan 2017 16:46 | Deepinder Loomba (Administrator)

    This is an initial notice that SBPA is planning for a business mission to India in 2017.
    During this trip we plan to meet various business leaders & political heads to explore the business potential between India and Canada. We will also explore how SBPA can be of assistance to do business in India.  

     

    Deepinder Loomba 

  • 10 Jan 2017 11:53 | Manjot Cheema (Administrator)

    OTTAWA - Prime Minister Justin Trudeau is expected to give his cabinet a makeover today, and sources tell The Canadian Press that his shuffle could involve up to a third of the positions.

    Among those who could be shuffled is International Trade Minister Chrystia Freeland, who is believed to be a likely choice to replace Stephane Dion at Foreign AffairsRead More 

  • 29 Dec 2016 11:08 | Manjot Cheema (Administrator)

    TORONTO -- A U.K.-based think-tank says Canada will have the world's 10th largest economy in 2017, but will be overtaken in a few years by South Korea.

    The analysis from the Centre for Economics and Business Research, published in co-operation with Global Construction Perspectives, estimates Canada's gross domestic product will be worth 1.635 trillion U.S. dollars next yearRead More 

  • 23 Dec 2016 11:43 | Deepinder Loomba (Administrator)

    The Canadian government posted a wider budget deficit in October compared to a year ago as increased spending on benefits for families and the unemployed offset higher revenue, the Finance Department said on Friday.

    Canada saw a deficit of $1.53 billion in October, wider than the deficit of $940 million it saw in October 2015. Read More 

  • 16 Dec 2016 11:28 | Manjot Cheema (Administrator)

    First the good news: the tax-free savings account contribution limit for 2017 has been set at $5,500. That means Canadians over 18 years old can invest that amount in just about anything and the gains will never be taxed.

    Now the bad news: trying to figure out where you stand personally on total contribution limits can be like trying to dismantle a bomb. Cumulative contribution limits have been growing since the TFSA program was introduced eight years ago, but with money coming in and going out - and some Canadians with several accounts - 

  • 12 Dec 2016 15:15 | Manjot Cheema (Administrator)

    Cutting crude oil production beyond OPEC will help Canada through higher prices, though cuts from the cartel itself will benefit this country the most.

    Prices have been climbing since the Organization of Petroleum Exporting Countries agreed to reduce its collective output for the first time in eight years at the end of last month. Other major producers – most notably Russia – reached a similar deal over the weekend for the first time in 15 years. Taken together, and after accounting for some OPEC members being exempt from the cut, a combined 1.2 million barrels of daily production will come offline next year 

  • 08 Dec 2016 10:48 | Deepinder Loomba (Administrator)

    OTTAWA -- The country's trade deficit narrowed to $1.1 billion in October, the smallest shortfall since January, after hitting a record high of $4.4 billion the previous month due to the import of a key component for a Newfoundland offshore oil project, Statistics Canada said Tuesday.The result topped expectations of a deficit of $2 billion for the month, according to Thomson Reuters.

    The improvement came as imports fell 6.3 per cent to $44.7 billion in October after hitting a record high in September due to the import of a module from South Korea for the Hebron offshore oil development. 

  • 06 Dec 2016 11:37 | Deepinder Loomba (Administrator)

     

    BMO raised its dividend Tuesday as it reported a fourth-quarter profit of $1.35 billion, up a 11 per cent from a year ago.

    The bank increased its quarterly payment to shareholders by two cents to 88 cents per share.

    Bank of Montreal's profit of the quarter ended Oct. 31 amounted to $2.02 per share, up from $1.21 billion or $1.83 per share a year ago.

  • 02 Dec 2016 10:28 | Manjot Cheema (Administrator)

    OTTAWA -- The Canadian labour market unexpectedly added 10,700 net jobs last month and the unemployment rate slid to 6.8 per cent -- but the latest numbers raise questions about the quality of the work.

    Statistics Canada's November employment survey shows yet another monthly decline in the more-desirable category of full-time work -- a figure more than offset by a gain in part-time jobs.

    The report says the market added 19,400 part-time jobs last month and shed 8,700 full-time positions.Read More

  • 28 Nov 2016 11:26 | Deepinder Loomba (Administrator)

     OTTAWA - Canada's rental vacancy rate edged up in 2016 as the supply of apartments increased, but rental housing was harder to find in Vancouver and Toronto, where a long housing boom has driven real estate investment and a condo building boom.

    Canada's vacancy rate increased to 3.4 per cent in October from 3.3 per cent a year earlier, as the number of new units hitting the market outpaced the rise in occupancy, the Canada Mortgage and Housing Corp said on Monday.

    Several cities bucked the trend, however, with the market tightening in Vancouver and Toronto, where the vacancy rate fell to 0.7 per cent and 1.3 per cent, respectively.Read More

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