Housing affordability levels in Vancouver are approaching the worst ever recorded in Canada as home sales soar 30 per cent higher than the city's 10-year average, according to a pair of reports on Canadian housing outlooks.
CALGARY -- Penn West Petroleum Ltd. (TSX:PWT) is cutting its workforce by 400 full-time employees and contractors -- most of them working at company headquarters in Calgary.
OTTAWA - Canada's current account deficit narrowed slightly in the second quarter of 2015 to $17.4 billion on more favourable trade in goods and services, Statistics Canada said on Monday.
Canadians on average are socking away more money than they used to for dealing with a potential financial emergencies, but a new survey has found that almost a quarter are still living paycheque to paycheque.
Alberta's economy is sliding into recession and its deficit for this year could top $6.5-billion, the province's NDP government says in an economic update.