Economic Indicators

Decorative pattern

Economic Indicators

Younger, middle-class households to bear brunt of rate hikes

A newly released federal analysis says younger, middle-income households will feel the biggest impacts from the Bank of Canada’s gradual move towards higher interest rates. The briefing note prepared for Finance Minister Bill Morneau examines the types of households—by income, age and region—most affected by the central bank’s rate-hiking path from extremely low levels. Read: […]

By The Canadian Press |July 30, 2018

1 min read

Decorative pattern

Economic Indicators

U.S. economy surges to 4.1% growth rate in Q2

The U.S. economy surged in the April-June quarter, growing at an annual rate of 4.1%. That’s the fastest pace since 2014, driven by consumers who began spending their tax cuts and exporters who sought to get their products delivered ahead of retaliatory tariffs. Read: What’s boosting the U.S. dollar—for now The Commerce Department reports that […]

By Staff, with files from The Associated Press |July 27, 2018

1 min read

Decorative pattern

Economic Indicators

Why Canada is struggling to attract foreign investment

Canada’s ability to attract foreign direct investment (FDI) faces serious headwinds, says a report from the C.D. Howe Institute. “Foreign Direct Investment in Canada—The Case for Further Openness and Transparency” argues for more open and transparent foreign investment rules in Canada. Since 2014, net flows of FDI into Canada have decreased as a proportion of […]

By Staff |July 26, 2018

2 min read

Decorative pattern

Economic Indicators

ECB will keep interest rates low into next year

The European Central Bank is stressing that interest rates will stay low well into next year even as the U.S. Federal Reserve is expected to keep raising rates in coming months. The central bank for the 19 countries that use the euro left its key rates and monetary stimulus settings unchanged at a meeting Thursday […]

By David Mchugh, The Associated Press |July 26, 2018

3 min read