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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

Bank of Canada Forecast on Canada’s Economy

Thursday, July 22, 2010, 10:45
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The Bank of Canada explained today that Canada’s economy is slowing much faster than previously expected, as we see a bleak outlook that stresses mounting risks from Europe’s debt crisis. The Bank does not expect to see a backtrack on its current trend to higher short term interest rates. On Tuesday we saw the Bank of Canada ... Full story

Tags: benchmark rate, consumer spending, debt crisis, economic expectations, midst, percentage point, quarter growth, recession, recovery canada, second quarter, stimulus, term interest

Canadians Slow Down on Borrowing

Thursday, July 22, 2010, 8:23
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We tend to find our self asking questions concerning how borrowers would hold up when interest rates began to rise. After seeing the Bank of Canada raise its trend setting overnight rate for the second time in the past two months, an answer is now coming forth. In virtually all forms of ... Full story

Tags: Bank of Canada, borrowers, central banks, cibc world markets, consumer spending, deflation, economic growth, global financial crisis, lump sum payments, mortgage data, mortgage debt, overnight rate, recession, rising interest rates, stimulus

Bank of Canada Increases Interest Rate

Tuesday, July 20, 2010, 10:17
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The Bank of Canada has raised its trendsetting interest rate one quarter of a point from 0.50% to 0.75%. This is the second time in as many months that the central bank has raised rates in response to the economy’s recovery from last year’s recession. This move from the Bank of Canada will ... Full story

Tags: Bank of Canada, canadian dollar, canadian economy, economic outlook, economic situation, gdp growth, global recovery, governing council, job creation, mark carney, prime rates, quarter gdp, rate increase, recession, stimulus, toronto stock market, variable rate mortgages

Bank of Canada Likely to Hike Rates

Wednesday, July 14, 2010, 9:45
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According to Canadian primary dealers and global forecasters surveyed by Reuters, the Bank of Canada will raise its key overnight interest rate next week, however the pace of subsequent hikes is less clear. The Reuters poll showed a 73% median probability that the Bank of Canada would be raising its overnight rate ... Full story

Tags: Bank of Canada, basis points, conference board of canada, consumer spending, double dip recession, economic data, economic recovery, forecasters, housing construction, overnight rate, policy announcement, quarter point, reuters poll, stimulus

GDP Remains Unchanged

Wednesday, June 30, 2010, 9:20
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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

Tags: adjusted basis, Bank of Canada, canadian economy, domestic spending, economic growth, economists, gdp, gdp growth, gross domestic product, insurance sector, interest rate decision, public sector, retail trade, statistics canada, stimulus, tax incentives, tsx, wholesale trade

G20 Summit Working Out Solutions

Saturday, June 26, 2010, 9:36
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After facing the worst economic collapse since the Great Depression, world leaders have demonstrated an unprecedented solidarity to lead $5 trillion in stimulus spending by governments around the world. The difficult challenge for the G20 is still to come. The reason for this is simply because of the underlying economic issues that contributed to the downturn, which can prove harder than bringing support for short term ... Full story

Tags: budget deficits, disarray, downturn, economic collapse, economic issues, financial turmoil, g20 summit, global economy, governments, great depression, housing bubble, massive amounts, recession, stimulus, tax payer dollars, trade surpluses, world leaders

OECD Pushes for Bank of Canada to Increase Interest Rates

Thursday, May 27, 2010, 8:15
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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 as low interest ... Full story

Tags: Bank of Canada, developed countries, development oecd, economic conditions, economic recovery, economy, households, inventories, low interest rates, stimulus

Deficit shrinks as Economy Recovers

Saturday, May 1, 2010, 8:11
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The federal government might just be headed into a direction where there is a smaller deficit than was fear in the past year, all thanks to a quicker and stronger than expected recovery in economic activity. Ottawa reported that its deficit increases by a modest $902 million in February, compared to a $800 million surplus a year ... Full story

Tags: Budgeting, canadians, decline, economic activity, federal government, finance department, finance minister jim flaherty, fiscal year, low interest rates, personal income taxes, shortfalls, stimulus

EDC: Economic Recovery Has Not Settled

Tuesday, April 27, 2010, 9:01
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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 not enough ... Full story