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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

Canada’s Economy to Lead the Rest of the World

Friday, July 9, 2010, 8:40
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The Canadian economy is expected to boom even stronger than anticipated this year, however its expansion will likely quiet somewhat in 2011 as the world economy sees slower growth, according to a global financial watchdog. The International Monetary Fund (IMF) has increased its prediction for Canadian growth in 2010, raising its forecast ... Full story

Tags: canadian economy, economic growth, emerging markets, financial watchdog, global economic activity, global gross domestic product, global growth, growth estimates, international economist, international monetary fund, international monetary fund imf, optimistic projections, revisions, td bank, world economy

GDP Remains Unchanged

Wednesday, June 30, 2010, 9:20
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Real Gross Domestic Product (GDP) has remained unchanged in April after seeing seven straight monthly increases. Statistics Canada has reported a large decline in retail trade and smaller declines in both manufacturing and utilities, while being offsetting by increases in mining, wholesale trade, the public sector and construction. The finance and insurance sector has remained unchanged. The fact ... Full story

Tags: adjusted basis, Bank of Canada, canadian economy, domestic spending, economic growth, economists, gdp, gdp growth, gross domestic product, insurance sector, interest rate decision, public sector, retail trade, statistics canada, stimulus, tax incentives, tsx, wholesale trade

EDC: Economic Recovery Has Not Settled

Tuesday, April 27, 2010, 9:01
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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

Tags: chief economist, contraction, developed countries, economic growth, economic recovery, edc, emerging economies, export development canada, global export, global recovery, governments, housing market, money, peak levels, stimulus, warning signal, world economy

Investor’s Waiting for Growth and Job Reports

Monday, March 29, 2010, 8:35
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This week will be vital for investors as they receive guidance this week from economic data that includes key reports on Canada’s economic growth and the U.S. job situation. On Wednesday, we will see Statistics Canada release its snapshot of economic growth in January. Economists are expecting Canadian Gross Domestic Product (GDP) grew by 0.5% during the month ... Full story

Tags: canadian economy, economic data, economic growth, economists, first quarter, fixed rate, gdp, global recession, gross domestic product, low interest rates, lows, RBC, residential mortgage rates, Royal Bank of Canada, statistics canada, target rate

Carney Warns Higher Interest Rates on the Way

Thursday, March 25, 2010, 8:53
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Bank of Canada Governor Mark Carney has put Canadians on notice that today’s low borrowing costs are likely to increase by midsummer, if not sooner. Carney acknowledged on Wednesday that inflation and economic growth are rebounding faster than the Bank of Canada predicted, and it has left the door open for a rise in the central bank’s ... Full story

Tags: Bank of Canada, bank of canada governor, canada rates, canadians, commercial banks, core inflation, economic expansion, economic growth, homebuyers, inflation rate, interest rate, mark carney, overnight rate, price increases, quarterly report, rebound, recession, statistics canada

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

Bank of Canada Keeps Low Interest Rates

Tuesday, March 2, 2010, 9:35
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Canadians are almost certain to be enjoying the historically low interest rates for at least another 4 months now that the Bank of Canada has missed the opportunity to have a policy change today. The central bank acknowledged during its scheduled policy rate announcement that the economy has improved, even to the point that exceeds their expectations, ... Full story

Tags: Bank of Canada, bank of canada governor, canadian dollar, canadians, domestic spending, economic growth, finance minister jim flaherty, governments, inflationary pressures, low interest rates, mark carney, ottawa, stimulus

CIBC World Markets Inc: Ontario Economy Expected Grow Fast

Tuesday, February 2, 2010, 8:30
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Ontario’s economy is expected to outpace the national average in 2010 but it remains at risk to a high Canadian dollar, weak U.S. growth and high provincial deficits noted a new report from CIBC World Markets Inc. Ontario outpaced the national average by a significant margin, the momentum carried into the first half ... Full story

Tags: 8 years, british columbia, canadian dollar, cibc world markets, cibc world markets inc, competitiveness, corporate taxes, economic growth, economic recovery, economy, gdp, harmonized sales tax, jobs, migration, population growth, prospects, risk, saskatchewan

Bank of Canada Holds Record Low Rates

Wednesday, January 20, 2010, 9:26
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As the Bank of Canada announced that its trend setting overnight rate will remain at the record low of 0.25%, it goes to show that Canada is still recovery. The central bank noted that the global economy is now beginning to pull itself out of its slump; however a return to normal ... Full story