More from Economic
Dollar to hit parity with U.S. this summer: CIBC
The Canadian Press / March 10, 2010Expectations of higher interest rates and investor demand for Canada will help drive the Canadian dollar past parity with the U.S. greenback by this summer, says CIBC World Markets.
Europe seeks to strengthen euro with its own IMF
The Canadian Press / March 08, 2010As Europe struggles with a debt crisis, the idea of a European Monetary Fund is quickly taking hold.
U.S. employers cut fewer jobs than expected
The Associated Press / March 05, 2010The U.S. unemployment rate held at 9.7% in February as employers shed 36,000 jobs, fewer than expected. The figures suggested the job market is slowly healing but that significant hiring has yet to occur.
Tax tinkering and closing loopholes
Doug Watt / March 04, 2010It's being touted as a jobs and growth budget, with neither tax increases nor major new tax relief. Aside from some targeted measures that should benefit the disabled, charities and families, there's little to attract the attention of advisors in Finance Minister Jim Flaherty's latest economic blueprint.
Budget opts for austerity plan
Matt McClearn / March 04, 2010Canada's military and the world's downtrodden were the biggest losers in federal Finance Minister Jim Flaherty's latest budget, unveiled Thursday in Ottawa.
Consumer confidence edges higher: RBC
Steven Lamb / March 01, 2010It could be the promise of spring, just around the corner, but Canadian's were more optimistic in February, according to RBC. Consumer confidence edged higher, to a reading of 109, compared to 106 in January.
Economy posts 5% gain in Q4 of 2009
The Canadian Press / March 01, 2010Canada's economy expanded more than expected in the final months of 2009, as the country experienced the largest quarterly increase in gross domestic product in nearly a decade.
No quick fix for eurozone problems
Brenda Craig / February 26, 2010All eyes are on the European Union as it deals with a sovereign debt crisis so potentially disastrous that "the weave that is the European Union is being torn apart at its periphery," in the words of Dennis Gartman, the influential editor of The Gartman Letter. "Are these problems going away in the near future? Absolutely not."
Bank of England chief says recovery is fragile
The Canadian Press / February 23, 2010The governor of the Bank of England said Tuesday that Britain's recovery from recession is fragile, and that the next few months are likely to be volatile.
EU denies reports of Greece aid package
The Canadian Press / February 22, 2010The European Union on Monday denied reports that it was readying a financial aid package for Greece worth up to €25 billion (US$34 billion) as its officials were due in Athens to begin an inspection of Greek public finances.
