Economy

Canadian net worth still in decline Fallback Image Decorative pattern

Economic Indicators

Canadian net worth still in decline

Canadian household net worth declined by $72 billion for the first quarter of 2009, a much slower rate of decline than recorded in the last two quarters of 2008, which resulted in cumulative losses of $438 billion, according to StatsCan. Compared to the U.S., where household net worth fell by 2.6%, Canadians are faring a […]

By Rayann Huang |June 22, 2009

2 min read

Execs focus on costs, see recovery in 2010 Fallback Image Decorative pattern

Economic Indicators

Execs focus on costs, see recovery in 2010

The Canadian economy should recover in early 2010, but the road to earnings growth will not be the same for all sectors, according to a survey of more than 200 senior financial executives. “We expect Canada will experience uneven recovery and growth across the country,” said Ramona Dzinkowski, executive director of the Canadian Financial Executives […]

By Steven Lamb |June 17, 2009

2 min read

Household debt a bigger threat: BoC Fallback Image Decorative pattern

Economic Indicators

Household debt a bigger threat: BoC

The Canadian financial system remains in flux, with risks posed by domestic financial institutions declining while household balance sheets and the global economy are worsening. All in all, the overall risk assessment for the financial system remains unchanged since the Bank of Canada last issued its Financial System Review in December 2008. “Policy actions of […]

By Steven Lamb |June 15, 2009

2 min read

Economy to strengthen in second half: RBC Fallback Image Decorative pattern

Economic Indicators

Economy to strengthen in second half: RBC

The Canadian economy likely remained in recession during the second quarter of 2009, but fiscal and private spending will help boost the economy into recovery in the second half, and help sustain GDP growth through 2010, according to RBC report. “Improving global growth prospects, alongside extraordinarily low interest rates and government stimulus, are expected to […]

By Rayann Huang |June 15, 2009

3 min read