News and resources for Canada's top financial advisors
Economic Indicators
There's more to the energy sector than oil prices
By Mark Burgess |January 23, 2018
2 min read
There’s been plenty of good news about economic growth, both in Canada and globally. Observing that macro trend naturally results in micro musings. Specifically, when are we all getting a raise? Certainly, some minimum-wage workers already have more money in their pockets—and that’s trickling up to higher earners in some cases. Read: Canadian job market […]
By Staff, with files from The Canadian Press |January 22, 2018
4 min read
The International Monetary Fund is raising its estimate for economic growth in Canada this year. The international organization says it now projects Canada’s economy will grow 2.3% this year, up from an estimate of 2.1% in October. Growth for 2019 is forecast at 2%, up from an earlier projection for 1.7%. In its January monetary […]
1 min read
Update on Jan. 22, 2018, at 2 p.m.: A Senate agreement has reopened the U.S. federal government. The U.S. government has been shut down since midnight on Friday—and that could negatively affect growth in Q1, says TD senior economist Leslie Preston in a weekly economics report. The last 16-day shutdown lowered real GDP by 0.3 […]
By Staff, with files from The Associated Press |January 22, 2018
A decade after the Great Recession, internationally renowned economist Mohamed El-Erian says 2018 could be the year the global economy breaks out of the “low and insufficiently inclusive growth” that has dogged it for years. “The engines of growth in the global economy are all shifting up in gear at the same time,” El-Erian told […]
By Jacqueline Louie |January 19, 2018
3 min read
A look at what's coming up on the economic calendar
By Staff |January 19, 2018
China's economy gained steam in 2017
By Kelvin Chan, The Associated Press |January 18, 2018
Quebec will raise the province’s minimum wage to $12 an hour as of May 1, Labour Minister Dominique Vien announced Wednesday. More than 352,000 workers stand to benefit from the 75-cent increase, the largest hike in Quebec history. Vien said in a statement the rise is in line with a four-year plan to have the […]
By Lia Levesque, The Canadian Press |January 17, 2018
The Bank of Canada (BoC) today raised its target for the overnight rate to 1.25%, an increase of a quarter of a percentage point. The bank rate is correspondingly 1.50%, and the deposit rate is 1.00%. The change is expected to prompt Canada’s large banks to raise their prime lending rates, a move that will […]
By Staff, with files from The Canadian Press |January 17, 2018
Over the next year, position portfolios against rate hikes and rising risk
By Sarah Cunningham-Scharf |January 17, 2018
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