The recent losses on the Toronto Stock Exchange were driven by unwarranted fears that the U.S. subprime meltdown would seriously impact global growth, finds a new CIBC World Markets report.“Investors followed a circuitous route to link U.S. mortgages to Canadian equities over the past month,” says Avery Shenfeld, senior economist at CIBC World Markets. “Losses […]
Solid growth in exports and investment spending will offset U.S. housing sector slowdown
Canadian GDP growth expected to average around 2.5% in 2007 and 2008
Increasing consumption and slowing production in developing countries support steady ascent in oil prices
More workers will leave labour force than enter it within 10 years
ECB, Bank of England, Bank of Canada, likely to push interest rates still higher
Economic growth and inflation in Canada in the first half of this year have been stronger than expected. the Bank of Canada said today in its July update to its monetary policy report.Final domestic demand has remained the key driver of economic growth in Canada, bolstered by firm commodity prices. The central bank said economy […]
The high-flying dollar is expected to diminish Canada’s economic growth over the remainder of this year, according to the Conference Board’s Canadian Outlook – Summer 2007.“The surge in the Canadian dollar during the second quarter of 2007 exceeded anything we have seen recently, and it put additional strain on manufacturers and exporters,” said Pedro Antunes, […]
S&P/TSX composite to hit 15,000 by year end
Managers bearish on bonds