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CIBC World Market: RRSPs Contributions Likely to Increase

CIBC World Market: RRSPs Contributions Likely to Increase
According to a new study from CIBC World Markets Inc. Canadians are likely to save more in their Registered Retirement Savings Plan (RRSP) this year. With higher disposable incomes, rising savings rates, renewed confidence in the stock market and lack of confidence in government and corporate retirement ... Full story
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Employment Up for the Sixth Month in a Row

Employment Up for the Sixth Month in a Row
Ontario is showing signs of economic recovery but many workers remain underemployed notes a BMO Capital Markets economist. According to the Statistics Canada’s Labour Force Survey which was released on Friday, employment in Ontario increased for the sixth month in a row. The province reported that 30,000 more people were employed compared with the previous ... Full story
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CIBC World Markets:Earning Recession Over

CIBC World Markets:Earning Recession Over
When the final earnings report are in for the last quarter of 2009, TSX operating profits should be up 43%, which will be the first increase since the third quarter of 2008 notes a new report from Canadian Imperial Bank of Commerce (CIBC) World Markets Inc. The report finds that earnings in seven of ... Full story
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Canada’s Economic Outlook Uncertain

Canada’s Economic Outlook Uncertain
A manufacturing index released on Monday blew away all expectations, as it raised hopes that the U.S. economy is not only on solid ground, but heading to higher terrain. Now this may be good news for the U.S., it makes the explanation for the Canadian economy somewhat difficult. With the U.S. ... Full story
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Cautious Outlook for 2010

Cautious Outlook for 2010
A new report shows that recovery might not have taken hold in Ontario, but by next year it should get much better despite the tens of thousands out of work and factories closing at the moment. Ontario’s manufacturing and wholesale trade sectors have been stabilizing, and the U.S. is on the uptick. What this ... Full story
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BMO Comes with $1 Billion to the Table

BMO Comes with $1 Billion to the Table
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 ... Full story
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CIBC World Markets: Employment Quality Declines in Canada

CIBC World Markets: Employment Quality Declines in Canada
A report from CIBC World Markets shows that the quality of employment in Canada has dropped significantly in the last 6 months, with all measures declining. The report shows us that while the Canadian labour market was in a free fall between October 2008 and March 2009, having shed around 356,600 jobs, was ... Full story
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Bank of Canada’s Forecast Wrong?

Bank of Canada's Forecast Wrong?
Canada’s economy continued its downward trend in August, as it continued to put down the claims made by the Bank of Canada, which was that the recession had ended during the summer. The gross domestic product (GDP), a measure of all services and goods produced by the economy posted a decline of 0.1% ... Full story
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Household Credit Rising

Household Credit Rising
Household debt is growing larger in Canada, expanding more than 7% year over year. Benjamin Tal, senior economist with CIBC World Markets noted that on an inflation basis, credit is rising at the fastest rate seen in any economic recession in the post war era. Driving the household debt is low interest rates. Canadians have added $44 billion ... Full story
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OECD:Economies Set to Recover Early

OECD:Economies Set to Recover Early
The Organization for Economic Co-operation and Development (OECD) – a Paris based organization says that parts of the world are headed for an earlier recovery than previously forecasted, however the pace of the rebound will remain reserved for some time to come. Recessions this year in Japan and countries that use the euro currency will be less ... Full story
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