A new report from Statistics Canada show that Canadians are deeper in debt than ever before, however economists have noted that record low interest rates means that debt loads are still manageable and will likely improve as the economy begins to recover from the recession. Household net worth, which is the value of families such
Posts Tagged ‘economic recovery’
Canadians are becoming more pessimistic of the strength of the economic recovery and what it means for their finances and job security notes a new consumer confidence survey. The monthly Conference Board of Canada survey shows even as economists say they think the recession is over, many Canadians are still not sure on that fact.
October’s job numbers are not looking good, it is a reminder that economic recovery is moving slowly, and that jobs cut in a slowdown take some time to come back. After 2 months of moderate job growth, employment across Canada fell by 43,200 jobs last month, according to Statistics Canada. Canada’s unemployment rate went up
In the past few months, businesses may have been falling over the past few months, but Bank of Montreal (BMO) has stepped up its game by making a minimum of $1 billion available to lend to small-sized enterprises and medium-sized enterprises (SME) across Canada. Jennifer lee, Economist at BMO Capital Markets, According to data from
The Bank of Canada noted in its quarterly review that a sustained economic recovery still faces significant risks if global investors continue to shy away from the US dollar, there will be a “stronger than assumed” Canadian dollar that could act as a drag on growth. The Bank of Canada has noted that the loonie
Signs of growth in the Canadian Economy are missing; especially when the Bank of Canada Governor Mark Carney spoke in terms of optimism in Victoria just days ago. Statistics Canada’s latest Gross Domestic Product (GDP) report, issued on Wednesday reminded us all that the recessions did hit us hard enough to make the climb to
The governor of the Bank of Canada notes that he is looking for signs of economic recovery and leadership in the private sector before he will confidently say that Canada’s economy is coming back from the effects on what he would call the global “Great Recession”. Mark Carney also said that he will need to