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McGuinty Urges the Bank of Canada to Raise Interest Rates

Thursday, September 2, 2010, 10:45
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Premier Dalton McGuinty has given a message to the Bank of Canada, and that is not to raise interest rates next week. McGuinty has noted that Canada’s economic recovery is still fragile, and as such they should be careful as to now do anything that would increase expenses or drive up costs. McGuinty advised the Bank of Canada ... Full story

Tags: Bank of Canada, canada report, consumers, current situation, decisions, double dip recession, doubts, economic recovery, interest rate, interest rates, mark carney, monetary policy, pocketbooks, point in time, premier dalton mcguinty, rate hike, rate hikes, robust recovery, second quarter

Canadian Economy Slows Down

Wednesday, September 1, 2010, 8:31
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The Canadian economy has grown slowly throughout the spring and early summer, even slower that people had expected. There are an increasing amount of fresh concerns about the strength of the economic recovery. The latest GDP report from Statistics Canada has also casted doubt on whether the Bank of Canada will continue ... Full story

Tags: Bank of Canada, breathing room, canadian economy, capital markets, chief economist, double dip, doug porter, economic recovery, gdp report, quarter gdp, recession, recovery canada, resale market, slam dunk, slowdown, statistics canada, wholesale trade

National Bank of Canada Profit Falls

Thursday, August 26, 2010, 11:00
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National Bank of Canada (NBC) has reported their net income for the third quarter to be $271 million, which is a decrease compared to the same period a year ago, where net income was $303 million. Diluted earnings per share for this quarter stood at $1.56 compared to $1.78 for the same quarter a year ago. NBC’s net ... Full story

Tags: Bank of Canada, banks, chief executive officer, commercial segment, credit portfolio, earnings per share, favorable conditions, financial markets, first nine months, nbc, net income, profitability, return on equity, third quarter results, vachon, wealth management

Central Bank May Pause Rate Increase

Friday, August 20, 2010, 12:30
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With slowing Canadian growth, a tumbling U.S. economy and mild inflation trends can result in Canada’s central bank putting a temporary hold in interest rate hikes according to a top economist with BMO Capital Markets. Douglas Porter, deputy chief economist noted that there is still more for the Bank of Canada to ... Full story

Tags: Bank of Canada, bmo capital markets, canadian economy, cost of electricity, deputy chief economist, douglas porter, economic situation, energy price, energy prices, final decisions, global economy, harmonized sales, interest rate hikes, quarter point, rate hike, rate increase, s central, upcoming meetings

Canadian Economy Growth Slows Down

Thursday, August 12, 2010, 8:43
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Canada’s trade deficit has nearly doubled in June as exports collapsed, adding a new drag to the country’s slowing economic recovery. Yesterday, a trade report was released, which should a weak reading south of the border, which suggests that recovery in North America has entered a critical stage after having a strong rebound earlier in the ... Full story

Tags: Bank of Canada, capital markets, critical stage, data canada, domestic economy, double dip recession, douglas porter, economic recovery, economist, quarter growth, rebound, second quarter, south of the border, statistics canada

Canadian and U.S. Recoveries Slow Down

Saturday, July 31, 2010, 8:29
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The economy’s slowdown from the initial speedy recovery has continue in May with a second consecutive month of underwhelming output that has raised more questions about the Bank of Canada’s decision to raise interest rates. Disappointingly, the Canadian economy has moved at a pace of 0.1% during the month, after the flat ... Full story

Tags: Bank of Canada, canada project, canadian economy, consensus, credit crisis, economic recovery, first quarter, g7, interest rates, quarter point, recession, second consecutive month, second quarter, sectors, slowdown, speedy recovery, which ended june

Gradual Interest Rate Hike to ease Inflation

Friday, July 23, 2010, 10:30
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According to a top economist with RBC Economics, moderating energy prices and lower than expected core inflation is likely to result in a gradual approach to interest rates hikes from Canada’s central bank. Statistics Canada has reported that Canada’s inflation rate fell to 1% in the 12 months to June, compared to the 1.4% reported in May, ... Full story

Tags: Bank of Canada, canadian economy, chief economist, consumer price index, core inflation, core rate, economic climate, gdp output, gradualist, index cpi, inflation rate, interest rate hike, policy stance, rapid recovery, statistics canada, world dawn

Canadians Slow Down on Borrowing

Thursday, July 22, 2010, 8:23
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We tend to find our self asking questions concerning how borrowers would hold up when interest rates began to rise. After seeing the Bank of Canada raise its trend setting overnight rate for the second time in the past two months, an answer is now coming forth. In virtually all forms of ... Full story

Tags: Bank of Canada, borrowers, central banks, cibc world markets, consumer spending, deflation, economic growth, global financial crisis, lump sum payments, mortgage data, mortgage debt, overnight rate, recession, rising interest rates, stimulus

Rate Hike Confirms Gradual Increase in Borrowing Costs

Wednesday, July 21, 2010, 8:23
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To confirm that consumers are likely to face step by step increases in borrowing costs in the coming months, the Bank of Canada raised its trendsetting interest rate despite the outspoken worries about the economic picture. This recent increase is the second one since June 1st; the Bank Governor Mark Carney increased ... Full story

Tags: Bank of Canada, business climate, canadian economy, canadians, consumers, economic stimulus, europe, interest rate, low interest rates, mark carney, overnight rate, recession, step increases

Bank of Canada Increases Interest Rate

Tuesday, July 20, 2010, 10:17
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The Bank of Canada has raised its trendsetting interest rate one quarter of a point from 0.50% to 0.75%. This is the second time in as many months that the central bank has raised rates in response to the economy’s recovery from last year’s recession. This move from the Bank of Canada will ... Full story