Canadian banks rated world’s strongest
Canadian banks dominate a new ranking of the world’s strongest financial institutions, with four of the country’s lenders ranked in the top 10. Canadian Imperial Bank of Commerce landed third on Bloomberg Markets magazine’s global survey, followed in sequence by Toronto-Dominion Bank, National Bank of Canada and Royal Bank of Canada. Bank of Nova Scotia ranked 18th and Bank of …
Read MoreBrazil forecasts higher 2012 growth, lower inflation
Brazil will see stronger economic growth this year than in 2011 despite a sluggish global economy, while inflation is edging downward toward the official target of 4.5 percent, the central bank president said Tuesday. “The expectation is that the world economy will slow down in 2012. But the Brazilian economy should accelerate its growth in 2012,” Alexandre Tombini told the …
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 MoreCanadian property sales still increase as prices hold steady, latest data shows
Residential property sales in Canada increased 1.8% from November to December, according to the latest figures published by the Canadian Real Estate Association (CREA). Annual activity totalled 456,749 sales in 2011, up 2.2% from 2010 and the number of newly listed homes increased 3% month on month. A simultaneous increase in sales and new listings kept the national resale housing …
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