Recovery is losing its fast pace and the possibility that the G20 prescription for fiscal tightening to build market confidence. Just a week after the vast majority of leaders from the world’s largest economies decided to place a fiscal restraint for the global economy, new data from around the globe are pointing to a darkening
Posts Tagged ‘economic 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
According to the Organization for Economic Co-operation and Development (OECD), the Bank of Canada should start raising interest rates as soon as possible so the economy does not become overstimulated. The OECD watches economic conditions for 31 of the world’s most developed countries. The OECD went on to say that these temporary stimulus measures, such
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.
The Canadian dollar was up more than 1.8 cents at today’s open as financial markets reacted positively to news of a massive package to protect the embattled euro and contain the European debt crisis. The dollar opened trading Monday at 97.62 cents U.S., up 1.82 cents from Friday’s close. The loonie was among a number
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
Lower than expected inflation rates stand a chance to ease to pressure of the Bank of Canada to aggressively hike interest rates, however consumers should still expect to see an early increase in early June according to a senior economist with BMO Capital Markets. According to Statistics Canada, the Consumer Price Index, The Bank of