Economy

More BoC hikes on the way: Experts Fallback Image Decorative pattern

Economic Indicators

More BoC hikes on the way: Experts

This morning’s announcement from the Bank of Canada that it was raising its benchmark policy rate to 0.75% caught few Canadians by surprise. Members of the Canadian financial industry stress it is a sign that the country’s economy is going strong and that further rate hikes must be expected. “I think the comments from the […]

By Vikram Barhat |July 20, 2010

3 min read

China will be the new global standard Fallback Image Decorative pattern

Economic Indicators

China will be the new global standard

The loonie will continue to advance against the U.S. dollar over the near term, but it’s sustainability on the longer term is doubtful. The commentary is part of a larger discussion on currencies and global interest rates, delivered by Francis Scotland, director of global macro research, Brandywine Global Investment Management. “It seems to me we’re […]

By Vikram Barhat |July 16, 2010

3 min read

Foreign investors taking a shine to Canada Fallback Image Decorative pattern

Economic Indicators

Foreign investors taking a shine to Canada

Canada is now the golden child when it comes to world economies. A new report from CIBC World Markets states there is a growing list of “strategic advantages” which are boosting interest in Canada and its weighting in global investment portfolios. According to Warren Lovely, government strategist with CIBC’s macro strategy group, Canada’s much smaller […]

By John Powell |July 14, 2010

1 min read

Global oil demand to rise: IEA Fallback Image Decorative pattern

Economic Indicators

Global oil demand to rise: IEA

While U.S. crude production plummets in the aftermath of the BP oil spill, global demand for crude is set to soar next year. Fuelled by economic growth in developed countries, world oil demand is predicted to rise, according to an International Energy Agency (IEA) report. The growth indicates a shift in global consumption where emerging […]

By Vikram Barhat |July 13, 2010

2 min read