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RBC: Canadian Economy in for a Major Rebound

RBC: Canadian Economy in for a Major Rebound
A new forecast from RBC Economics says that Canada’s economy is set for real Gross Domestic Product (GDP) growth of 3.1% this year and 3.9% in 2011. RBC has noted that a peak in stimulus investment, improved credit markets and a recovery in consumer spending are pushing the increase of GDP growth. Craig Wright, chief economist ... Full story
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BMO Adjusts Residential Mortgages

BMO Adjusts Residential Mortgages
BMO Bank of Montreal announced on March 9th, 2010 that it will be decreasing its residential mortgage rate; this will take effect as of March 10th, 2010. In addition BMO Bank of Montreal also announced that it will be making it easier for Canadians to be mortgage free sooner with the introduction of the new BMO five ... Full story
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Economist Look Beyond Stimulus

Economist Look Beyond Stimulus
The Canadian economy is moving along again with the billions of dollars in government spending. Ottawa is now preparing to bring down its Economic Action Plan, which means that it is time for private sector businesses to take action and begin hiring new employees, investing in new equipment and machinery and boosting productivity. The questions economists have ... Full story
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NBC Changes Meritage Portfolios

NBC Changes Meritage Portfolios
National bank Securities Inc. will proceed in initiating changes to the composition of the Meritage Portfolios around march 31st, 2010. Since the declaration made by Finance minister Jim Flaherty on October 31t, 2006 on the implementation of a tax fairness plan which will impose a distribution on income trusts as of 2011, the income trust world of ... Full story
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BMO Introduces New Five Year Fixed Rate Mortgage

BMO Introduces New Five Year Fixed Rate Mortgage
BMO Bank of Montreal announced on March 2nd, 2010 that it would be making it easier for Canadians to become mortgage free with the introduction of the new BMO Five Year Fixed Rate Mortgage. The new BMO five year fixed rate mortgage offers the lowest fixed rate for a five year closed term at 3.75%, it also ... Full story
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Bank of Canada Keeps Low Interest Rates

Bank of Canada Keeps Low Interest Rates
Canadians are almost certain to be enjoying the historically low interest rates for at least another 4 months now that the Bank of Canada has missed the opportunity to have a policy change today. The central bank acknowledged during its scheduled policy rate announcement that the economy has improved, even to the point that exceeds their expectations, ... Full story
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GDP Shows Biggest Increase

GDP Shows Biggest Increase
Canada’s economy has expanded more than expected in the last few months of 2009 than most people had expected. Our country had experienced the largest quarterly increase in gross domestic product it has seen in nearly a decade. Statistics Canada has noted that the annual growth rate in the fourth quarter rose to 5%. This makes it ... Full story
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World Bank President: Double Dip Unlikely

World Bank President: Double Dip Unlikely
Today we have World Bank President, Robert Zoellick saying that a double dip economic recession was unlikely, which is great news to here, however there is much sense of uncertainty as the world economy comes out from the recession. With the world economy coming out of the recession, the problem we have is not seeing a ... Full story
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Ottawa Prepares to Rein in Debt

Ottawa Prepares to Rein in Debt
Next week’s federal budget is expected to lay out spending cuts, which are meant to happen this year notes federal officials. The first hint towards his is that Ottawa intends to phase in its budget restraint program faster than previously planned. By March 4th, there should be confirmation on where the $19 billion will be spent; ... Full story
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National Bank Securities Wins at Lipper Fund Awards

National Bank Securities Wins at Lipper Fund Awards
Yesterday the Canadian Lipper Fund Awards were presented at a gala event in Toronto. National Bank Securities was honoured for three of its investment solutions which showed superior risk adjusted performances relative to their peers. The three investment solutions honoured at the Canadian Lipper Fund Awards are the National Bank Income and Growth Management Portfolio – ... Full story
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