Economy

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Economic Indicators

TD upgrades economic forecast

The Canadian economy continues to clip along nicely, prompting an upgrade in growth expectations from TD Economics. The forecast for 2011 is now 3.0%, up from the bank’s 2.6% prediction in December. The faster than expected recovery in the U.S. economy gets much of the credit for that boost, along with general global demand for […]

By Staff |March 16, 2011

2 min read

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Economic Indicators

Quake impact will be severe, but short-lived

Reader Alert: What do you think is the overall impact of the crisis in Japan? Vote in our poll here. The earthquake and tsunami that hit Japan on Friday, March 4 have shaken global equity markets, as uncontrolled nuclear reactors sent indices lower on Tuesday. Investors are now struggling to determine what the long-term impact […]

By Steven Lamb |March 15, 2011

3 min read

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Economic Indicators

National net worth nudges northward

As a nation, our debt levels might be bad, but our net worth is still growing. Canadian national net worth rose by 0.3% to $6.3 trillion in the fourth quarter of 2010, according to a Statistics Canada report. On a per capita basis, national net worth grew to $184,200 in the fourth quarter, up from […]

By Vikram Barhat |March 14, 2011

2 min read

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Economic Indicators

Canadians less optimistic about retirement

The 2011 Canadian Unretirement Index, released by Sun Life Financial today, shows the average Canadian expects to retire at age 68—three years later than respondents reported in the same study a year ago. The economic downturn has had the most significant impact on the retirement expectations among those earning less than $50,000 per year. They’re […]

By Staff |March 8, 2011

2 min read

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Economic Indicators

Canadians upbeat on finances, economy

Consumer confidence is higher now than it was in November of last year, according to the latest Harris/Decima-Investor’s Group Measure of Consumer Confidence. The upbeat mood also extended to their personal financial wellbeing and their short- and medium-term outlook—personally and for the Canadian economy. The overall measure of consumer confidence increased from 82.8 last November […]

By Staff |March 8, 2011

2 min read

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Economic Indicators

Home buying takes plenty of homework

The spring real estate season is just around the corner and clients may already be asking your advice about financing. Whether a fixer-upper or a new build, cost is the biggest consideration among Canadians looking to buy a home, says TD Canada Trust releases 2011 Home Buyers Report. This may be obvious to most advisors, […]

By Vikram Barhat |March 7, 2011

3 min read

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Economic Indicators

Best borrowers or just euro backers?

Congratulations, we’re all winners! Canada has been recognized by EuroWeek as carrying out the bond deal of the year in 2010. Who knew we were in the running? Who knew countries could win accolades for their borrowing finesse? But it’s not our overall bond-issuing prowess that has impressed the judges but specifically the placement of […]

By Steven Lamb |March 4, 2011

2 min read

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Economic Indicators

OAS, GIS benefit rates announced

Human Resources and Skills Development Canada has announced the quarterly benefit rates for Old Age Security (OAS) will rise by 0.5% to $526.85, effective April to June 2011. Since July 2010, OAS benefits will have increased by 1.9%. Payments under the Guaranteed Income Supplement (GIS) and the Allowances will also increase by 0.5%. MAXIMUM OLD […]

By Staff |March 4, 2011

1 min read

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Economic Indicators

U.S. debt fight may spook markets

Earlier this week the U.S. Treasury revised its estimate for when Washington will hit the $14.294 trillion statutory limit on government borrowing. The limit is now expected to be reached between April 15 and May 31, having previously been pegged at April 5 to May 31. The announcement was accompanied by the usual dire warnings […]

By Dean DiSpalatro |March 4, 2011

4 min read

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Economic Indicators

Canadian fears of foreign control unfounded

Corporate assets, revenues and profits of foreign-controlled firms in Canada took a beating as the share of Canadian-controlled firms grew at an increased pace in 2008, according to a recent Statistics Canada report.

By Vikram Barhat |March 3, 2011

3 min read

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