Economic Indicators

Decorative pattern

Economic Indicators

Bank of Canada raises rates

The Bank of Canada is raising its target for the overnight rate by 25 basis points to 1%, despite what the bank calls an “uneven” economic recovery among advanced economies. “Economic activity in Canada was slightly softer in the second quarter than the Bank had expected, although consumption and investment have evolved largely as anticipated,” […]

By Steven Lamb |September 8, 2010

1 min read

Decorative pattern

Economic Indicators

GDP growth slows to half a point: StatsCan

To no one’s immediate surprise, Canada’s economic recovery is slowing down. What is surprising is exactly how much it is stalling out. According to a Statistics Canada report, Canada’s real GDP growth slowed to just 0.5% in the second quarter from 1.4% in the first. On an annualized basis, economic growth was just 2.0%, well […]

By John Powell |August 31, 2010

2 min read

Decorative pattern

Economic Indicators

U.S. Q2 growth cut sharply

As if American consumer confidence needed another hit, it appears that the strong economic growth announced in the second quarter was something of a mirage. A housing report issued on Tuesday revealed that home sales had fallen off a cliff in July. Now comes revised GDP data that may have Canadian investors worried about their […]

By Wire services |August 27, 2010

3 min read

Decorative pattern

Economic Indicators

Glut of unsold homes threatens U.S. recovery

Housing’s tentacles reach into so many sectors of the economy — everything from finance and furnishings to food and fuel — and it has a solid track record of hinting when an economy is slipping into, or climbing out of, recession. So it comes as no surprise that many see this week’s shabby existing home […]

August 24, 2010

2 min read