Take Stock – July 24

The Conference Board of Canada says its index of consumer confidence rose to 82.9 in July, the fifth month-to-month increase in a row.

Consumer confidence continues to gain in July

The Conference Board of Canada says its index of consumer confidence rose to 82.9 in July, the fifth month-to-month increase in a row. The Ottawa-based economic think-tank says its overall index is now 12.7 points higher than at the beginning of 2009. But there were also significant areas of weakness, particularly regarding confidence about finances and employment. The Conference Board says the main reason for a marginal 0.8 per cent uptick in the July consumer confidence index was the increased willingness of survey respondents to consider making a major purchase, such as a home or car.

In contrast, questions about current finances, future household finances and future employment all fell from where they were in June. There was also a significant regional disparity, with Ontario and Quebec consumer confidence rising while the Atlantic Canada, Prairie and British Columbia regions declined.


B.C. harmonizing sales tax, GST

British Columbia is harmonizing its provincial sales tax with the federal GST to create a single 12 per cent sales tax starting in mid-2010. The move will increase the cost of services that today just charge GST. However, the province believes a new one-tax system will cut cost for businesses and those savings will be then passed on to consumers.

The change, which takes effect July 1, 2010, will also increase competitiveness and boost investment in B.C., the government said.

“This is the single-biggest thing we can do to improve B.C.’s economy,” said Premier Gordon Campbell. B.C. is one of the last few provinces to implement the harmonized tax, known as the HST.

Ontario announced plans in March to harmonize its provincial sales tax with the GST for a 13 per cent tax, starting Canada Day next year. Finance Minister Colin Hansen said B.C. began working on the move in May, after his Liberal party’s re-election.

Just Posted

One strong wind leaves years of replanting work for Red Deer parks staff

High visibility boulevards already replanted, neighbourhood work starts next year

Red Deer-area indigenous filmmakers invited to apply for $20,000 grant

Storyhive launches Indigenous Storyteller Edition

Restaurant closed after compliance team patrol

Public Safety Compliance Team checked eight bars and restaurants on Oct. 19

Red Deerians await local cannabis stores

So far 31 stores in Alberta awarded licence to operate

Rimbey RCMP seek missing man with health concerns

Has anyone seen Bill Harris of Ponka County?

WATCH: Make-A-Wish grants Star Wars loving teen’s wish

The Make-A-Wish Foundation granted Anakin Suerink’s wish in Red Deer Saturday afternoon

Local Sports: Rudy Soffo valuable to Kings on the court

When Rudy Soffo first saw the RDC basketball Kings roster he was… Continue reading

Except for 1 kick, Saints, Ravens are evenly matched

BALTIMORE — In a matchup between the league’s highest-scoring offence and top-ranked… Continue reading

Julia Louis-Dreyfus gets a top award for comedy

WASHINGTON — After a 35-year acting career and with two iconic television… Continue reading

Ricky Skaggs, Dottie West enter Country Music Hall of Fame

NASHVILLE — Bluegrass and country star Ricky Skaggs, singer Dottie West and… Continue reading

AP Exclusive: Stephen Hawking’s wheelchair, thesis for sale

LONDON — Stephen Hawking was a cosmic visionary, a figure of inspiration… Continue reading

Canada deemed U.S. a safe country for asylum seekers after internal review

OTTAWA — Canadian immigration officials have determined that the United States remains… Continue reading

Bombardier sues Mitsubishi over alleged theft of aircraft trade secrets

MONTREAL — Bombardier is suing Mitsubishi Aircraft in the United States over… Continue reading

Three strong earthquakes reported in Pacific Ocean off Vancouver Island

Three relatively strong earthquakes were recorded Sunday night in the Pacific Ocean… Continue reading

Most Read