Growth

Why Canada’s GDP will drag in Q3

Rising rates aren't among the culprits

By Staff |November 27, 2017

2 min read

Loonie and dollar face headwinds

It’s been a great year for the loonie. In fact, “over the past six months, the C$ has been the best performing major currency,” note CIBC economists Andrew Grantham and Royce Mendes in a weekly economics report. The loonie’s strength coincides with Canada’s hot GDP streak. However, Canada’s growth is slowing, while that of other […]

By Staff |November 20, 2017

2 min read

BoC defends cautious stance on rates

The Bank of Canada (BoC) is maintaining rates for now, but not everyone is supportive of the cautious stance. For example, David Dodge, former BoC governor, tells Bloomberg that raising rates is the wise thing to do, considering the economy is close to capacity. Further, low rates encourage excessive borrowing by households and businesses — […]

By Staff |November 1, 2017

2 min read

Back to reality: Canada’s GDP slips in August

Details on the first monthly pullback since October 2016

By Staff, with files from The Canadian Press |October 31, 2017

3 min read