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CIBC World Markets: U.S. and Canadian Economies to Avoid Double Dip Recession

Tuesday, July 27, 2010, 8:37
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The U.S. and Canadian economies will be seeing growth slowly over the next six months, however they are unlikely to experience a double dip recession notes the CIBC’s Recession Probability Index (RPI). The index, which has a strong track record of forecasting recession, found that the odds of another U.S. recession occurring ... Full story

Tags: american economy, chief economist, CIBC, credit spreads, curves, dips, double dip recession, federal reserve, federal reserve board, market liquidity, probability index, shocks, six months, slow economy, stimulus

CIBC: Parity by Summer

Thursday, March 11, 2010, 8:34
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Interest rates increases are expected to drive the Canadian dollar back up to parity with the U.S. dollar by the summer according to a new report from CIBC World Markets Inc. This forecast is based on the expectation that the Bank of Canada will be raising its key lending rate in July, which is at least 6 ... Full story

Tags: Bank of Canada, BMO, canadian dollar, capital markets, cibc world markets inc, commodity prices, economists, federal reserve, forecast notes, interest rates increases, Loonie, parity, rate hike, rising interest rates, Scotiabank

Scotia Economics: Global Recovery Underway but Will be Difficult

Wednesday, February 3, 2010, 8:25
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According to a report released by Scotia Economics in its latest Directions report, China will be leading a number of emerging nations and global recovery has achieved “liftoff”. The Directions report is titled “Liftoff Achieved, But The Flight Path Will be Turbulent”. In the months ahead, the U,S, and other developed countries should be ... Full story

Tags: balance sheets, economic conditions, excess capacity, federal reserve, financial sector, fiscal stimulus, global recovery, job creation, public infrastructure projects, recession

Markets Open Higher After G20 Meeting

Monday, November 9, 2009, 10:49
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The Toronto Stock Market gained more than 150 points on Monday, along with other global markets seeing gains on hopes that interest rates in the U.S. will stay as low as governments indicate that they are not in a hurry to remove economic stimulus measures. The S&P/ TSX composite index surged 168.8 points ... Full story

Tags: canada mortgage and housing, canada mortgage and housing corp, cmhc, composite index, economic stimulus, employment reports, federal reserve, g20 meeting, global markets, interest rate policy, investment advisor, manulife financial, nikkei stock, resource sectors, technology sector, toronto stock market, tsx

Dollar Continues to Rise

Tuesday, October 13, 2009, 7:26
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Canada’s Dollar opened at 97.13 cents U.S., nearly one and a half cents from Friday. A weak U.S. dollar is pushing up the demand for oil and other commodities, which has boosted the loonie as a commodity linked currency. The dollar has gotten stronger, which makes it more difficult for companies that export ... Full story

Tags: Bank of Canada, business outlook survey, Canadian currency, commodities, currency strategist, employment report, federal reserve, interest rates, Loonie, rbc capital markets, world markets

The Sky’s the Limit for Toronto Stocks

Friday, May 22, 2009, 5:40
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It is all about commodities; commodity stocks got a push today following a couple losses in the previous sessions. The TSX held on to a marginal gain Friday morning, investors were happy to hear of a rise in retail sales. Toronto's S&P/TSX composite index rose 61.5 points to 10,011 after tumbling 282 ... Full story