Bank of Canada chops rate

The Bank of Canada has slashed its key overnight lending rate by 75 basis points, to 1.5%. The Bank rate has been adjusted accordingly to 1.75%. Many Bank watchers had been anticipating a cut of just 50 basis points. “The outlook for the world economy has deteriorated significantly and the global recession will be broader […]

By Steven Lamb | December 9, 2008

2 min read

Market likely near bottom: Experts

If past market indicators are to be believed, the bottom of the stock market slide is likely close, according to a panel of renowned experts compiled by the CFA Institute. The problem is that this downturn is unprecedented in how it behaves, so it’s not out of the realm of possibility things could get worse. […]

By Mark Noble | December 8, 2008

5 min read

Large caps to lead in 2009: TD’s Gorman

Investors can expect North American stock indices to rise in 2009, but they’ll have to put up with more volatility before the markets find a firm footing, according to an early year-end prognostication from TD Waterhouse. “Looking ahead to 2009, the key questions on the minds of investors are when the heavy volatility will end, […]

By Steven Lamb | November 28, 2008

3 min read

Flaherty offers more restraint than stimulus

Giving his economic mandate in the midst of a global financial meltdown, Federal Finance Minister Jim Flaherty warned that the prospects of economic growth were the lowest since 1993 and that Canada could face a deficit — but not a structural deficit. Resisting the opportunity to turn an economic update into a mini-budget — as […]

By Scot Blythe and Steven Lamb | November 27, 2008

3 min read