Economic Indicators

Fund managers scrutinize default dilemma

The global financial community is counting down the days till August 3 when the deadline for raising the U.S. debt ceiling expires.

By Vikram Barhat |July 27, 2011

4 min read

Lower inflation hints at later rate hike

Fears of a September interest rate increase were partially allayed this morning, when StatsCanada reported lower than expected inflation for the month of June. The overall inflation rate for the 12 months ended June 30 was 3.1%, down from 3.7% for the year ending May 31. More importantly, the core inflation rate declined from 1.8% […]

By Wire services |July 22, 2011

3 min read

U.S. default seen as buying opportunity

The risk of America technically defaulting on its debt is increasing rapidly, with the odds of such an event rising to 1 in 5 as a result of political bickering south of the border. That’s the view of Jack Ablin, chief investment officer of BMO Harris Bank in the U.S., who said the risk was […]

By Staff |July 21, 2011

3 min read

Bank of Canada holds fast on rates

The Bank of Canada has announced it will maintain its target for the overnight rate at 1%, holding the Bank Rate at just 1.25% and the deposit rate at 0.75%. While the global economic recovery is largely unfolding as expected, the Bank cited slower than anticipated growth in the U.S. as a concern. The Bank […]

By Staff |July 19, 2011

3 min read