Economic Indicators

Decorative pattern

Economic Indicators

Nortel, CanWest remind investors of credit risk

It’s been a long time coming, but Nortel Networks has finally filed for bankruptcy, marking the end of a long dismal slide into investment oblivion. At one point, the company made up roughly one third of the S&P/TSX Composite index. Its shares, once worth more than $120 are now essentially worthless, trading at about 13 […]

By Steven Lamb |January 14, 2009

3 min read

Decorative pattern

Economic Indicators

A bull among the bears

Investors looking for a clear vision of where the markets are headed in 2009 were sorely disappointed at The Empire Club of Canada’s 15th Annual Investment Outlook 2009 Luncheon. Three forecasts differed in their opinion, from the optimistic to the extremely bearish. Thomas Caldwell, chairman of Caldwell Securities, represented the brighter side of things. A […]

By Mark Noble |January 12, 2009

6 min read

Decorative pattern

Economic Indicators

Real estate faces correction, not crash

While its southern neighbour teeters on the verge of collapse, Canada’s resale real estate market should see only modest price and unit sales corrections throughout 2009, predicts Royal LePage. The real estate company’s 2009 Market Survey forecasts that average house prices will dip by 3% from last year to $295,000, while transactions are projected to […]

By Kanupriya Vashisht |January 9, 2009

3 min read

Decorative pattern

Economic Indicators

Recovery will come late in 2009

Economic forecasts and pontification have bumped celebrity gossip off the front page since mid-September, but when top economists from the five biggest banks get together, it’s usually worth listening to what they have to say. At a breakfast meeting hosted by the Economic Club of Toronto, the consensus was that the global recession will persist […]

By Steven Lamb |January 7, 2009

4 min read