But firms have sufficient capacity to absorb potential mark-to-market losses in the near term, the ratings agency says
Canada to sidestep U.S. subprime woes
Slowdown of U.S. housing market will dampen prospects for forestry industry
Fallout from real estate market weakness is likely to flow through to the U.S. economy at large
Episode is very similar to the recession fears of 1998
RBC Economics is calling for a Fed rate cut, driven by financial market stress, not economic fundamentals. In a research note published today, RBC says that it has revised its outlook for the Fed funds rate, and is now calling for a 50 basis-point rate cut, “as policymakers work to alleviate liquidity concerns that have […]
Selling pressure is more about fear than reality, economist says
Merrill Lynch’s Survey of Fund Managers for August finds that fund managers are reluctant to abandon equities, notwithstanding recent market turbulence.“While fund managers have turned more risk averse in light of global market instability they still believe equities offer value, especially relative to bonds,” it says. In the broadest snapshot of global institutional investor sentiment […]
GDP increased expected to be 2.8% for the year
The number of well-off provinces have dwindled to just one from three, and the province is decisively above average, says Global Insight Inc., in a new note.“During the 1980s, Canada had three solid ‘have’ provinces. Today, Alberta is the only one, though, as B.C.’s standard of living has fallen below the national average, while Ontario’s […]