Gone is the glitter: a steep slide in prices threatens Canada's gold industry

Article Abstract:

Worldwide gold prices have plummeted, falling to $282.80, the lowest level in 18 years. Many central banks no longer believe that holding a large cache of gold is essential, and the Asian economic crisis has also depressed demand. Seven of Canada's 50 gold mines ceased operations in 1997.

Prices and rates, Gold industry, Gold

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Hope for higher pay: the squeeze on incomes is gradually easing up

Article Abstract:

There are some hopeful signs for wage improvements for Canadian employees. Unionized employees should see a wage increase larger that the rate of inflation in 1997 and only 9% of companies plan to freeze wages. Workers with skills in demand will receive the largest increases.

Wages, Wages and salaries

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Housing heats up; low loan rates are fuelling a fragile recovery

Article Abstract:

Sales of existing homes rose 21% in Canada during the first nine months of 1996, and housing starts are expected to rise 11% for the entire year. The increased demand is being driven by low interest rates, dropping home prices and a tight rental market in some cities.

Residential construction, Statistics, Real estate industry, Interest rates, House buying, Home buying, House construction

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