Release of The Fiscal Monitor

There was a budgetary deficit of $4.5 billion in November 2010, compared to a deficit of $4.4 billion in November 2009.

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Mortgage deal revives stalled market

Canada’s moribund commercial mortgage-backed securities market is awakening from a three-year slumber.
Two major real estate companies are tapping the market for $206-million in the first deal of its kind since 2007, signalling that investors are returning to a sector they had abandoned over worries about the health of the country’s commercial real estate market.

http://www.fin.gc.ca/n11/11-007-eng.asp

Harper Government Is Keeping Taxes Low for Canada’s Job Creators

The Honourable Jim Flaherty, Minister of Finance, joined other Ministers across the country today to highlight tax relief for Canada’s job creators.

What if competitive devaluation becomes the global norm?

On Friday, 28 January 2011, Bank of Canada Governor Mark Carney will participate in a panel discussion at the World Economic Forum Annual Meeting.

Topic: What if competitive devaluation becomes the global norm?

Canada Imposes New Mortgage Rules

Canada imposed new curbs on mortgage lending on Monday amid concern about spiralling consumer debt fuelled by high property prices and low interest rates.

Jim Flaherty, finance minister, said that the changes, the third tightening in mortgage rules since mid-2008, were designed to encourage savings and insulate taxpayers from risks associated with consumer debt.

CMHC releases preliminary data on housing starts for 2010

Preliminary data released today by the Canada Mortgage and Housing Corporation (CMHC) show total housing starts registered in 2010 for the Toronto Census Metropolitan Area increased by 13 per cent to 29,195 units. In December,

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