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Bank of Canada Increases Key Interest Rate

Tuesday, June 1, 2010, 8:55
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Today marked the end of rock bottom borrowing costs, as we have the Bank of Canada raise its trend setting overnight interest rate to 0.50% from the historically low 0.25%. In a brief announcement from bank governor Mark Carney, it was noted that economic activity in Canada has been unfolding much better than ... Full story

Tags: Bank of Canada, business conditions, business investment, canadian dollar, consumer spending, core inflation, debt crisis, economic activity, economists, employment growth, excess supply, inflation rate, mark carney, overnight rate, rate increase, recession

RBC: Canadian Economy in for a Major Rebound

Thursday, March 11, 2010, 9:34
Carousel, Finance
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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

Tags: british columbia, business investment, canadians, chief economist, commodity prices, consumer spending, craig wright, credit markets, economic growth, gdp, gdp growth rate, gross domestic product, housing market, low interest rates, newfoundland and labrador, RBC, rebound, stimulus, unemployment rates

National Bank Financial Group’s Financial and Economic Outlook

Thursday, December 17, 2009, 8:01
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The global economy is returning to a growth track after seeing the worst recession in more than 60 years, with central banks and governments around the world having done their best to loosen up the credit markets in the past year. With the massive amount of stimulus that ... Full story