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Canadian Economy Slows Down

Canadian Economy Slows Down
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
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CIBC World Markets: U.S. and Canadian Economies to Avoid Double Dip Recession

CIBC World Markets: U.S. and Canadian Economies to Avoid Double Dip Recession
The U.S. and Canadian economies will be seeing growth slowly over the next six months, however they are unlikely to experience a double dip recession notes the CIBC’s Recession Probability Index (RPI). The index, which has a strong track record of forecasting recession, found that the odds of another U.S. recession occurring ... Full story
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Gradual Interest Rate Hike to ease Inflation

Gradual Interest Rate Hike to ease Inflation
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
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RBC: Economic Confidence Growing

RBC: Economic Confidence Growing
Across Canada we are seeing an increase economic confidence with the majority of Canadians, 67% to be exact believing that the overall outlook for the economy is good. In the last quarter, it was 54% believing this confidence level. The data is in accordance to the June RBC Canadian Consumer Outlook Index. 55& of Canadians believe that ... Full story
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TD Economics: Bumps Ahead for Recovery

TD Economics: Bumps Ahead for Recovery
Canada’s recovery has been defying the odds in the early stages of recovery. For the third consecutive quarter, the combination of spending of consumers, governments and businesses from the first quarter of 2010 have gone ahead by a 5% annualized rate, which is about 4 times the rate recorded by the G7. Craig Alexander, Chief Economist ... Full story
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RBC Economics: Canada’s Economic Growth Fastest in the Past Decade

RBC Economics: Canada's Economic Growth Fastest in the Past Decade
In the latest Economic Outlook repot from RBC Economics, it notes that Canada’s economy is set for rapid growth in 2010 with real Gross Domestic Product (GDP) is projected to grow by 3.6% reflecting strong domestic demand and increased job creation. Canada’s real GDP grew at 6.1% in the first quarter, ... Full story
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Canada Poised to Lead Growth

Canada Poised to Lead Growth
A new report from CIBC World Markets have noted that Canada’s economic prospects should lead the G-7 nations for much of the next decade. With strong commodity demand, comparatively low government and corporate debt, not to mention favorable demographics, Canada is forecasted to shine, outpacing many other major industrialized countries ... Full story
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EDC: Economic Recovery Has Not Settled

EDC: Economic Recovery Has Not Settled
Export Development Canada (EDC) has said that the worldwide economic recovery is still sluggish, and it will not be picking up until next year. Peter Hall, chief economist of EDC noted that Global recovery remains elusive. The agency’s global export forecast says that world economic growth will be at 3.7% this year, which is still not enough ... Full story
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Canadian Dollar Passes Parity

Canadian Dollar Passes Parity
For the first time close to two years, the Canadian dollar passed parity on Wednesday, after trading close to par for most of the day. The dollar closed at 100.08 cents US, up 0.27 of a cent on Wednesday, the first time since July 2008. Don Drummond, chief economist, TD Bank Financial Group noted that adapting to ... Full story
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CIBC World Markets Inc: Interest Rates Hikes Will Not be Steep through 2011

CIBC World Markets Inc: Interest Rates Hikes Will Not be Steep through 2011
According to a new report from CIBC World Markets Inc., expectations that the Bank of Canada will begin to raise interest rates in the summer are dead on, however investors should not be surprised if the rates continue to remain very low by historical standards right through 2011. Markets may be aggressive in their expectations for rate ... Full story
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