Economic Indicators

Decorative pattern

Economic Indicators

Non-confidence vote a non-event: Industry

There has been a muted response from the Canadian financial services industry to the fall of Harper government as it treats the result of non-confidence vote as a bit of a non-event.

By Vikram Barhat |March 25, 2011

2 min read

Decorative pattern

Economic Indicators

Debt troubles rock Iberian Peninsula

Europe’s debt problems took a turn for the worse on Thursday, as the government of Portugal resigned and Spanish banks felt the sting of credit downgrades. The resignation of the Portuguese government pretty much guaranteed that the debt-laden nation will require a bailout from its European Union partners. The country’s 10-year bonds were sold off, […]

By Wire services |March 24, 2011

2 min read

Decorative pattern

Economic Indicators

American job losses slowing

The U.S. economy continues to struggle its way into a sustainable recovery. A double-dip recession is still a possibility, and that is viewed as the biggest threat to Canadian growth as well. The traditional driver of the American economy is the consumer, but unemployment remains stubbornly high. There was s spot of good news on […]

By Wire services |March 24, 2011

1 min read

Decorative pattern

Economic Indicators

Canadian oil stocks hit by UK tax hike

Apparently not all Conservatives are oilpatch friendly—Britain’s Chancellor of the Exchequer, George Osborne, has announced a “windfall tax” on oil companies operating in the North Sea. According to the UK budget tabled on March 23, the tax rate on production will rise from its current 50% to 62%, sucking up to $3.2 billion per years […]

By Staff |March 24, 2011

1 min read