Economic Indicators

Decorative pattern

Economic Indicators

Ottawa provides more support to credit markets

On Wednesday morning, the Government of Canada and the Bank of Canada both announced additional measures to keep credit flowing in this country. The government plans to purchase up to $50 billion more of insured mortgage pools by the end of the fiscal year as part of its efforts to maintain the availability of longer-term […]

By Craig Sebastiano |November 12, 2008

2 min read

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Economic Indicators

Economy not out of the woods yet: Fidelity

With the markets still in freefall and housing prices continuing to drop, it doesn’t look as though America’s financial future is going to turn around anytime soon. Peter Drake, Fidelity’s vice-president of retirement and economic research, says the bottom might not be far off, though three things have to happen first. “U.S. housing prices need […]

By Bryan Borzykowski |November 11, 2008

4 min read

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Economic Indicators

Obama faces tough test

Barack Obama’s victory in the U.S. presidential election on Tuesday has been heralded as a turning point in history. The long, hard-fought campaign may soon seem like a vacation, though, as the president-elect gets to work on solving the problems of a country that’s had no shortage of calamities. The first priority will be to […]

By Steven Lamb and Romana King |November 5, 2008

4 min read

Decorative pattern

Economic Indicators

Oil the key drag on growth

The global economic slowdown will weigh on Canadian growth, as demand for resources dwindles, according to the Conference Board of Canada. The think-tank cut its forecast for 2009 GDP growth to just 1.5%, down from 2.2%. “High resource prices have bolstered Canadians’ real income for six years, including 2008. In 2009, this source of strength […]

By Steven Lamb |November 3, 2008

3 min read

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Economic Indicators

Dollar not out of the woods yet

The Canadian dollar has suffered through a rough ride so far this month, but don’t expect it to recover anytime soon. Bank economists say the dollar has more downside potential, but whether the downturn is cyclical or just momentum remains up for debate. “The movement we have seen in the Canadian dollar in the month […]

By Steven Lamb |October 28, 2008

5 min read

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Economic Indicators

Markets bad, but no sign of capitulation

With markets in a non-stop freefall — Asian markets were down between 800 and 1200 points Friday morning — the chatter around whether or not we’ve hit the bottom is growing. But many people worry that we won’t hit rock bottom until we’ve seen “market capitulation,” which means everyone’s so fed up with the markets […]

By Bryan Borzykowski |October 24, 2008

5 min read

Decorative pattern

Economic Indicators

Hyperinflation coming to America

If you think America’s economic fortunes can’t get any worse, think again. One American economist says the States is heading for one of the worst inflationary periods of its existence. John Williams, founder of the website Shadow Government Statistics, which offers alternative economic data to what the feds release, says the country can expect to […]

By Bryan Borzykowski |October 22, 2008

3 min read

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Economic Indicators

BoC trims rates, warns of U.S. recession

The Bank of Canada has cut its key overnight rate by 25 basis points to 2.25%. The cut itself comes as no surprise, but some had called for a 50 basis point cut. The cut was carried through to the Bank rate as well, which now stands at 2.5%. The BoC left the door open […]

By Steven Lamb |October 21, 2008

2 min read

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Economic Indicators

Policies need time to ease credit market

Global equity markets remain in the cellar, as frozen credit markets slowly thaw. There have been a few stellar days on the market, but they have barely made a dent in the losses incurred over the past year. So far, the response to the credit crisis has included rate cuts, mortgage buybacks, coordinated takeovers and […]

By Steven Lamb |October 20, 2008

7 min read

Decorative pattern

Economic Indicators

Brace for slow recovery

If there was any doubt that North America is in a recession, it has been laid to rest by five of Canada’s top economists, speaking at the Economic Club of Toronto on Monday. The only question that remains is How bad will this be? “Trying to do an economic forecast in this kind of turmoil […]

By Steven Lamb |October 6, 2008

4 min read

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