Finance Minister Jim Flaherty has noted that Canada’s economic boom times are over; he continued to say that we are in a different world today. In a blunt assessment, the generally optimistic Flaherty has said that Canadians need to rein in their hopes for the economy. As it stands, it is not a time of

According to the September RBC Canadian Consumer Outlook Index, Canadian confidence has dropped significantly, reflecting the concerns over the pace of the global economic recovery. Since December 2009, the Index has hovered around the same mark, however in the recent outlook, it has dropped 14 points from 108, making it 94 points. The decline was

We have been seeing a slowdown in Canada’s housing market, which can suggest that consumers have been more cautious with credit after racking up a record amount of household debt earlier in the year, notes Gerry McCaughey, chief executive officer of the Canadian Imperial Bank of Commerce (CIBC). McCaughey explained that he is confident that

Two years have removed any fears from what would have been the total collapse of the world economic and financial systems. We have gotten past the most severe global recession in 6 decades; Canada on the other hand went into a normal slump lasting 3 quarters and costing over 400,000 jobs, and about 2.4% of

The global economy is off to a weaker than anticipated start in the second half of the year noted senior international officials. Angel Gurria, secretary general of the Organization for Economic Co-operation and Development (OECD) has said that a slowdown in the recovery had been forecast for the third and fourth quarters and was on

TD Waterhouse Discount Brokerage has recently introduced Global Trading, making it the first platform of its kind in Canada. Global Trading provides direct online access to exchanges in 10 countries, allowing investors to have real time access to leading European and Asia Pacific markets. This powerful new platform will be able to provide Canadians with

Canadians are taking on too much debt; the consequences of this is serious for not only their own personal finances but for the Canadian economy as well. Economists and a leading global think-tank comes with the warning with fresh evidence in hand that low interest rates the past 2 years have caused households to borrow