Economic Indicators

Decorative pattern

Economic Indicators

U.S. economy experiences moderate growth

Economic activity in the U.S. is expanding, reports the latest Federal Reserve Beige Book, suggesting the country has been able to endure fiscal cliff uncertainty. All 12 Federal Reserve Districts characterized the pace of growth as either modest or moderate in December. Read: Fiscal cliff FAQ Trends in wages, prices, and employment conditions were relatively […]

By Staff |January 17, 2013

1 min read

Decorative pattern

Economic Indicators

U.S. banks cut bonuses to beef up bottom line

Wall Street banks are fast learning that one way to protect, and indeed fatten, the bottom line in an environment not conducive to business growth is deny their senior management the annual bonus windfall. Goldman Sachs did just that in the fourth quarter, and lifted its profits to $2.8bn, their highest level in three years, […]

By Staff |January 17, 2013

1 min read

Decorative pattern

Economic Indicators

Towers Watson predicts moderate growth for Canada

Canada’s top economists, strategists, and portfolio managers predict modest growth for Canada, continuing below-trend interest rates, modest inflation and average equity market returns over the next few years, according to Towers Watson’s annual survey of economic expectations. Read: Canada vulnerable to global risks The study finds growth expectations for Canada are muted in the near […]

By Staff |January 17, 2013

1 min read

Decorative pattern

Economic Indicators

Commodity boom makes way for yield trade: Macquarie experts

With the commodity price surge over and China shifting from investment to consumption, investors need to think carefully to position themselves for a rapidly changing global environment, according to the 2013 Global Market Outlook from Macquarie Private Wealth. The world’s centre of economic gravity continues to shift eastward with the rise of the Chinese consumer […]

By Staff |January 17, 2013

2 min read