Fed, Bank of Canada expected to keep interest rates unchanged
Only one-in-10 believe the recession will end in 2009
The Organization for Economic Cooperation and Development said Thursday that the global recession is ending a bit earlier than expected, but the recovery will likely be a weak one, keeping monetary policy loose for the time being.“Recovery from the global recession is likely to arrive earlier than had been expected a few months ago but […]
Recent data indicate Asia is showing huge increases in economic production and GDP growth
Recovery could be stronger than expected
Executive CAs more optimistic about the Canadian economy
Serious challenges and risks remain, but the Bank of Canada expects to see growth return this quarter, followed by a slow recovery into mid-2011.In a speech to the Canadian Association for Business Economics in Kingston, Ont., on Tuesday, Timothy Lane, deputy governor of the Bank of Canada, noted that, “there are encouraging signs that we […]
The recession in Canada may be over, but a new report from CIBC World Markets warns that a weak recovery will prevent the Bank of Canada from hiking interest rates until 2011. The report by CIBC chief economist Avery Shenfeld says economic growth and inflation will remain muted next year.“Unlike the Bank of Canada, we […]
Consumer and business confidence on the rise
Equity allocations have risen sharply month-over-month