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RBC: Economic Confidence Growing

RBC: Economic Confidence Growing
Across Canada we are seeing an increase economic confidence with the majority of Canadians, 67% to be exact believing that the overall outlook for the economy is good. In the last quarter, it was 54% believing this confidence level. The data is in accordance to the June RBC Canadian Consumer Outlook Index. 55& of Canadians believe that ... Full story
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GDP Remains Unchanged

GDP Remains Unchanged
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
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Scotia Economics: Canada’s Economic Momentum to Continue

Scotia Economics: Canada's Economic Momentum to Continue
According to Scotia Economics’ latest Provincial Trends report, virtually every province and sector of the Canadian economy has rebounded well, building on the momentum that we first saw in the latter half of 2009 and accelerated into 2010. With likely moderation in growth going forward, and strong early year performance has ... Full story
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Statistics Canada: Canada’s Recession was Mild

Statistics Canada: Canada’s Recession was Mild
Statistics Canada notes that the Great Recession many economies faced, which devastated the economies of dozens of countries both large and small in 2008 and 2009 left Canada relatively unscathed. According to Statistics Canada, Canada did suffer through a technical recession; a 3.3% drop in gross domestic product (GDP) over three quarters between the fall of ... Full story
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Canada on Track for Fast Growth

Canada on Track for Fast Growth
Analysis are now looking for another key indicator as Statistics Canada reports how the economy performed at the start of the year. The consensus thus far is that Gross Domestic Product (GDP) grew by 0.5% in January, or about ... Full story
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Investor’s Waiting for Growth and Job Reports

Investor's Waiting for Growth and Job Reports
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
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Business Budget Does not Receive Big Boost

Business Budget Does not Receive Big Boost
Ontario will be boosting Toronto’s financial service industry according to the provincial budget. There will also be a new national securities regulator pushed onto the scene. Other than this, it will stick with the previously announced programs to boost business as the government turns its focus to reining in the deficit. The budget pledges to create a Financial ... Full story
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RBC: Canadian Economy in for a Major Rebound

RBC: Canadian Economy in for a Major Rebound
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
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CIBC World Markets Inc: Ontario Economy Expected Grow Fast

CIBC World Markets Inc: Ontario Economy Expected Grow Fast
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
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BMO Predicts 2.5% GDP Growth in 2010

BMO Predicts 2.5% GDP Growth in 2010
The Bank of Montreal (BMO) is predicting that Canada and the United States will post gross domestic product (GDP) growth of 2.5% next year. The growth is essentially reverses a similar decline that was en this year. BMO also predicts that the era of zero interest rates will come to an ... Full story
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