Economy

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Economic Indicators

RBC: Economic confidence drops

Canadians are starting to get worried. The results of RBC’s Canadian Consumer Outlook Index for September indicate that on the whole, the faith Canadians have in the economy is slipping. 60% believe the overall outlook is good. That is down seven points from last quarter. Job anxiety has climbed two points to 22% and fewer […]

By John Powell |October 1, 2010

1 min read

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Economic Indicators

Feds scale back EI hikes, table economic bill

The federal government has announced it will scale back previously announced increases to Employment Insurance (EI) premiums, after intense pressure from unions and businesses. The employee-paid premium will rise by five cents per $100 of insurable earnings, starting in 2011, and 10 cents for subsequent years. The employer-paid premium will rise by seven cents in […]

By Steven Lamb |September 30, 2010

2 min read

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Economic Indicators

Experts: Canadian recovery to be slow, steady

As rocky as the global economic outlook remains, there will be no double dip recession said two of North America’s leading financial experts. At the CFA Institute’s annual dinner in Toronto, Patricia Croft, RBC Global Asset Management’s chief economist, and Bob Doll, vice-chairman and chief investment officer at New York-based BlackRock Advisors, both said the […]

By Bryan Borzykowski |September 24, 2010

4 min read

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Economic Indicators

China: The red hot market

There couldn’t be a better symbol of China’s economic dominance that the bull that stands outside the Shanghai stock exchange. Strong GDP growth, high urbanization rate and growing disposable incomes have been the key components of China’s meteoric rise to its current status. At a time where correlated global markets are in the doldrums, the […]

By Vikram Barhat |September 23, 2010

5 min read

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Economic Indicators

CIBC: Recession hangover gutting growth

Although things are looking quite rosy, the road to a full economic recovery will not be without its thorns, states a CIBC World Markets Inc. report. In the economic report, CIBC sees Canada’s economy facing muted growth prospects through 2011 a recessionary hangover continues abroad and headwinds emerge at home. “The Great Recession that shattered […]

By John Powell |September 22, 2010

2 min read

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Economic Indicators

Toronto, Hamilton lead cities in growth

The cities of Toronto and Hamilton are booming. According to the Conference Board of Canada’s ‘Metropolitan Outlook – Autumn 2010’, Toronto and Hamilton have the fastest growing economies this year. Despite a 2.3% decline in GDP last year, Toronto’s economy will bounce back with growth of 4.7% in 2010. Manufacturing output is expected to post […]

By John Powell |September 22, 2010

2 min read

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Economic Indicators

Slow recovery to hold rates down: Desjardins

Canada’s economic recovery is weak, fragile and wrought with a fairly high risk of a relapse into recession, reports the Desjardins Group Economic Studies team. The economists point to a cooling housing market and the winding down of government stimulus programs as indicators of slow to moderate growth in the future. “Interest rates will stay […]

By John Powell |September 20, 2010

2 min read

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Fresh data cast doubt on U.S. recovery

Fears of a double-dip recession in the U.S. were reinforced on Friday, by a spate of negative economic reports. On Friday it was announced that the U.S. consumer price index rose just 0.3% in August, meeting expectations, but core CPI fell short of consensus estimates, gaining just 0.1%. On a year-over-year basis, total CPI gained […]

By Steven Lamb |September 17, 2010

2 min read

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Economic Indicators

Home sales rise, reverse downtrend

Canada home sales edged up for the first time in five months reversing the downward trend in the housing market, according to data released by the Canadian Real Estate Association (CREA). The association says seasonally adjusted national home sales activity via the Multiple Listing Service in August rose 4.1% from the previous month. The recovery […]

By Staff |September 15, 2010

2 min read

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Economic Indicators

Canada’s growth to continue: RBC

Canada’s economy may be slowing, but it will not be stalling. According to the latest Economic Outlook report from RBC, Canada’s economy is on pace to modestly rebound over the second half of the year. RBC is predicting GDP growth of 3.3%. That’s down from 3.6% projected last quarter. “While Canada’s second quarter growth put […]

By John Powell |September 10, 2010

5 min read

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