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Consumer Confidence Decreases

Wednesday, July 28, 2010, 8:30
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Consumer confidence in Canada and the U.S. has dropped according to two surveys that were released on Tuesday. The Canadian Institute of Chartered Accountants found that confidence about the economy is leveling off among account executives. Consumer confidence fell 3.7 points in July to 80 points, according to figures from the Conference Board of Canada. The 100 ... Full story

Tags: account executives, bmo capital markets, british columbia, canadian institute of chartered accountants, confidence levels, confidence numbers, consumer confidence, consumer sentiment, consumer spending, debt crisis, declines, double dip recession, drawback, harmonized sales tax, personal finances, point benchmark, sovereign debt, todd crawford

Bank of Canada Forecast on Canada’s Economy

Thursday, July 22, 2010, 10:45
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The Bank of Canada explained today that Canada’s economy is slowing much faster than previously expected, as we see a bleak outlook that stresses mounting risks from Europe’s debt crisis. The Bank does not expect to see a backtrack on its current trend to higher short term interest rates. On Tuesday we saw the Bank of Canada ... Full story

Tags: benchmark rate, consumer spending, debt crisis, economic expectations, midst, percentage point, quarter growth, recession, recovery canada, second quarter, stimulus, term interest

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

Bank of Canada Likely to Hike Rates

Wednesday, July 14, 2010, 9:45
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According to Canadian primary dealers and global forecasters surveyed by Reuters, the Bank of Canada will raise its key overnight interest rate next week, however the pace of subsequent hikes is less clear. The Reuters poll showed a 73% median probability that the Bank of Canada would be raising its overnight rate ... Full story

Tags: Bank of Canada, basis points, conference board of canada, consumer spending, double dip recession, economic data, economic recovery, forecasters, housing construction, overnight rate, policy announcement, quarter point, reuters poll, stimulus

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

Ontario and British Columbia Lead Economic Recovery

Tuesday, May 11, 2010, 9:00
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According to a new outlook released on Monday shows a rebound in the auto industry and strong demand will help bring Ontario’s economy back from the recession this year. Ontario will share the top in provincial growth with British Columbia, with both economies expanding by about 3.8% this year notes the Conference Board of Canada. Signs of ... Full story

Tags: associate director, atlantic provinces, british columbia, christine bernard, conference board of canada, consumer spending, economic recovery, hst, new brunswick, newfoundland and labrador, personal income taxes, recession, tax rebates

CIBC World Markets: Canadians Putting a Halt on Spending

Saturday, April 3, 2010, 8:25
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Consumer confidence has increased in Canada vastly compared to last year, however CIBC World Markets Inc.’s new Consumer Capability Index finds that weak consumer fundamentals and an interest rate hike will have Canadians starting to apply a halt on spending. In late 2008, we saw consumer confidence reach a 15 year low, as measured by the Conference ... Full story

Tags: Bank of Canada, canadian consumers, canadians, capability index, consumer confidence index, consumer spending, debt burden, debt to income ratio, household debt, interest rate hike, interest rate hikes, last quarter, low interest rates, monetary policy, personal purchases, world markets

Canada on Track for Fast Growth

Wednesday, March 31, 2010, 8:02
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Analysis are now looking for another key indicator as Statistics Canada reports how the economy performed at the start of the year. The consensus thus far is that Gross Domestic Product (GDP) grew by 0.5% in January, or about ... Full story

Tags: Bank of Canada, canada reports, consumer spending, economists, economy, financial crisis, gdp, gross domestic product, house prices, massive government, queens university, rapid growth, recession, statistics canada, stimulus

RBC: Canadian Economy in for a Major Rebound

Thursday, March 11, 2010, 9:34
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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

RBC: Lending Costs Set to Go up Late Next Year

Wednesday, December 16, 2009, 8:35
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The Royal Bank of Canada (RBC) noted that Canadians can expect to be hit by higher interest rates in the second half of 2010, and in 2011. RBC economists note that the Bank of Canada will be among the next group of central banks to move away from low ... Full story