January 28, 2012
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Business to Business
BoC publishes Winter Survey
Responses to the BoC winter survey suggest that the global economic outlook and concerns about demand continue to weigh on firms’ expectations for business activity. While the indicator of past sales activity has held up, the balance of opinion on future sales has turned slightly negative, as firms in Western Canada expect sales growth to slow from the recent strong pace and those elsewhere gener- ally expect growth to remain modest. Firms still expect to increase investment and employment, although the balances of opinion remain below the high levels reached earlier in the year.
Headline News
MONTREAL, Jan. 25, 2012 /CNW Telbec/ - The Tax Free Savings Account (TFSA) constitutes an excellent savings vehicle. However, according to Laurentian Bank's financial planners, its degree of effectiveness for tax purposes will depend on the choice of product in specific situations.
TORONTO, Jan. 24, 2012 /CNW/ - Nearly half (48%) of the 1258 CEOs polled worldwide believe the global economy will decline even further in the next 12 months, according to PwC's 15th Annual Global CEO Survey. Just 15% said the global economy will improve during 2012. The outlook was almost identical for the 130 Canadian CEOs who responded to this year's survey, with 48% seeing a decline over the next year and only 13% believing the market will improve.
GREATER TORONTO, Jan. 20, 2012 /CNW/ - More than 28,000 new condominium units were sold in the Greater Toronto Area in 2011, setting a new record for the market's high-rise sector while demonstrating a shift in today's new home purchasing decisions, the Building Industry and Land Development Association (BILD) revealed today.
Shelter costs rose 1.8% in the 12 months to December. This followed a 1.5% increase posted in November. The index for electricity went up 5.4%, led by price increases in Alberta. Consumers also paid more for fuel oil and homeowners' replacement costs. Conversely, mortgage interest cost decreased 0.7% year-over-year in December after falling 1.1% the month before.

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Person to Person
CMHC releases housing report
The anticipated growth in the influence of seniors on the housing market in the future as their share of the population rises from about 14 per cent to almost 24 per cent by 2036. Urban core housing need improved between 2002 and 2008 as 87% of urban Canadian households either had, or could afford, acceptable housing in 2008.
Finance

Announcements
TORONTO, Jan. 11, 2012 /CNW/ - Scotiabank has been named the "Best Trade Finance Bank" in Canada by Global Finance magazine for the fifth year in a row. The ranking will be announced in the February 2012 issue of Global Finance.
TORONTO, Jan. 5, 2012 /CNW/ - ING DIRECT announced today the launch of its Home Equity Line of Credit (HELOC), a product designed to help Canadians borrow money affordably, along with the tools to pay down their debt faster. The HELOC is offered as a companion to ING DIRECT's unmortgage®, or as a standalone line of credit for those who have built equity in their homes.
MONTREAL, Jan. 5, 2012 /CNW Telbec/ - Under the banner of the Canadian Bank CEO Conference organized by RBC Capital Markets, Laurentian Bank's President and Chief Executive Officer, Mr. Réjean Robitaille, will be participating in a question period to be held January 10 in Toronto starting at 3:15 p.m. (EST).
Brookfield Residential Property Services (“Brookfield”), a Brookfield Asset Management Inc. affiliate, announced that it has purchased Prudential Real Estate and Relocation Services (“PRERS”), a recognized leader in employee relocation and real estate franchising, from Prudential Financial, Inc. Prudential Relocation Services operates as Pricoa Relocation in Asia and Europe.