Economic Indicators

Decorative pattern

Economic Indicators

Cheerful holiday forecast for the U.S. economy

UBS has issued a strong outlook for the U.S. economy, citing strong durable goods orders, growing income and an excellent spending forecast. While durable goods orders were weaker in November due to a drop in aircraft orders, a rebound is expected. Increases in income and consumption are also forecasted for November in light of the […]

By Staff |December 21, 2010

2 min read

Decorative pattern

Economic Indicators

Enhanced CPP option on the rocks

Federal Finance Minister Jim Flaherty appears set to discard the option of enhancing the Canada Pension Plan, heading into the meeting with his provincial counterparts in Kananaskis, Alberta. Last week Flaherty proposed a private sector solution to Canada’s future retirement funding crisis, which would allow workers without a pension plan to contribute to a pooled […]

By Steven Lamb |December 20, 2010

1 min read

Decorative pattern

Economic Indicators

Loonie ties the hands of BoC

As dollar-parity becomes more of a floor than a ceiling, Canada continues to lose its share of the U.S. import market. As conventional measures remain inapplicable, Canadian economists are suggesting radical moves to tackle the issue of an overheating loonie. The rapid rise in the value of Canadian dollar owing to foreign investors and central […]

By Vikram Barhat |December 17, 2010

3 min read

Decorative pattern

Economic Indicators

Foreigners park their funds in Canada

Canada continues to be a favourite parking spot for nervous money. Foreign investors acquired $9.5 billion worth of Canadian securities in October, according to a Statistics Canada report. Those flocking to Canada are largely taking refuge in Canadian bonds and stocks. The report said non-resident investors added $7.8 billion worth of Canadian bonds to their […]

By Vikram Barhat |December 16, 2010

2 min read