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Toronto Bakery Workers Win $50M lottery

  Just days before a $50-million lottery draw, Eugenius Borek had a dream that he had a wheelbarrow full of money. Borek has been a delivery truck driver for Ontario Bread for the last twenty years working with his two close friends, Wlodzimierz Konieczny and Zdzislaw Modlinski, who are also immigrants from Poland. Borek said [...]

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Job Creation Less Than Expected

February expectations for job creation in Canada were much higher than they actually came in at, creating just 15,100 new jobs as the amount of full-time jobs dropped. The unemployment rate in Canada remained at 7.8% as reported by Stats Canada in their report on Friday. Economists were expecting job creation to create an increase [...]

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TSX Drops Almost 250 Points

The Toronto Stock Exchange ended the day on Thursday at 13,638.58, down 246.13 points. Earlier it had been as low as 300 points lower but managed to spring back about 50 points. Today’s close it the lowest since January 31st. The dip was almost 1.8 %, created by the ambiguity over uncertain strength of the [...]

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Woman Slips on Banana Peel!

The old slip on the banana peel joke has become a reality for 58-year-old Ida Valentine of Fontana, California. This often laughed at accident is not so funny when you are the victim of this dangerous slip.  Ida Valentine, was shopping in the “99 Cents Only” shop last April, when she slipped on a banana [...]

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GDP Boosts Highest Canada Dollar In Three Years

November 2007 was the last time that the Canadian dollar rose to its present levels, in comparison to the US dollar today.  The loonie has been rising unceasingly upwards due to stronger-than-predicted gross domestic product numbers for Q4 being released earlier. The exceptional growth results provoked conjecture the Bank of Canada might hike interest rates [...]

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Tensions In Libya Force Oil Prices Past $100 Per Barrel

The price of oil surged to $100 US a barrel today, in response to the continued turmoil in Libya and the rest of the North African region.  This is in spite of assurances made by Saudi Arabia that it would stabilize the market by ensuring that any deficits in supply or delivery would be made [...]

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Instability in Libya Impacts The Loonie And TSX

Canada’s S&P/TSX composite index and Canadian dollar dropped Tuesday, an effect of the instability in Libya and poor performance results from Canadian retail sales figures. The dollar lost ground to the American dollar, losing 0.73 cents, to stop at 100.92 cents US, as risk wary investors looked to the supposed refuge of the US dollar. [...]

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Canadian Family Debt-to-Income Ratio is 150%

Canadian debt-to-income ratio for the average family is a record 150%, According to the Vanier Institute of the Family. The institute reported, while releasing its 12th yearly assessment of Canadian family assets, that what that means is for every $1,000 of after-tax revenue, Canadian families now have $1,500 of debt. The institute says that it [...]

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Student Charged After Assaulting Another Student With Stun Gun At School

On Thursday a Flesherton, Ontario, police charged sixteen-year-old male after a another student complained of being shocked with a stun gun. Police reported that the injured student just experienced being bruised after falling to the ground from the stun. An OPP spokesperson from Grey County and an official from the school both said the students [...]

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Loonie Strengthens as the TSX Drops

Strong employment pushed the value of Canada’s Loonie higher on Friday, even though the nation’s standard stock index lost position from frail oil and gold values in the middle of hopes for a peaceful finish to the political demonstrations in Egypt. The loonie finished up 0.26 cents at 101.17 cents American in spite of relinquishing [...]

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