Brazil economy seen growing faster in 2012
Alexandre Antonio Tombini, who was speaking to reporters on the sidelines of a banking conference in Mumbai, said economic growth would be close 3 percent in 2011. An overvalued exchange rate, high taxes and other costs have kept industrial production flat in Brazil for the better part of two years, despite an economic boom in other areas of the economy …
Read More2012 will be a great year for the Atlantic Canada Cruise Association
When you think of cruise ship destinations, Atlantic Canada might not immediately come to mind, but a growing number of Americans and Europeans are eyeing Atlantic Canada as a choice destination for a summer or fall cruise getaway. “We expect 2012 to be a great year,” said Betty MacMillan, chairwoman of the Atlantic Canada Cruise Association. “We’re expecting more than …
Read MoreHalifax house sales up 34% after Irving deal
The real-estate market in the Halifax area heated up after the announcement of a major ship-building contract, new figures show. The Nova Scotia Association of Realtors statistics show sales increased 34 per cent by November 2011, compared to a year earlier. Wayne MacIntosh, the president of the association, said he thinks it was a reaction to the $25 billion ship-building …
Read MoreShell taps into Nova Scotia’s offshore oil potential with four drilling permits
The board said Shell’s combined $970-million bids for the four projects were the highest it had received. Peter MacKay, Minister of National Defence and Regional Minister for Nova Scotia, said that the bid highlighted the reinvigorated interest in Nova Scotia’s offshore oil potential, which could be as much as eight billion barrels of oil. “Exploration off Nova Scotia’s coasts ensures that our …
Read MoreBrazilian Jobless Rate Falls to Record Low in December
Brazil’s unemployment rate declined to a historical low in December, and came below economists’ forecast, data released by statistical office IBGE showed Thursday. The unemployment rate dropped to 4.7 percent in December from 5.2 percent in November. Economists had called for a jobless rate of 4.9 percent. The latest figure was the lowest recorded since the survey began in 2002. …
Read MoreCanada – Rock-solid Financial Services
Amidst the global financial turbulence, Canada stands out as a safe – and financially sound – destination for investors. From the World Economic Forum to the International Monetary Fund, Canada earns top marks for having the strongest banking system and has one of the most highly developed financial services sectors on the planet. Canada’s financial services industry is world-class and …
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