Economic Indicators

Decorative pattern

Economic Indicators

Household debt a bigger threat: BoC

The Canadian financial system remains in flux, with risks posed by domestic financial institutions declining while household balance sheets and the global economy are worsening. All in all, the overall risk assessment for the financial system remains unchanged since the Bank of Canada last issued its Financial System Review in December 2008. “Policy actions of […]

By Steven Lamb |June 15, 2009

2 min read

Decorative pattern

Economic Indicators

Economy to strengthen in second half: RBC

The Canadian economy likely remained in recession during the second quarter of 2009, but fiscal and private spending will help boost the economy into recovery in the second half, and help sustain GDP growth through 2010, according to RBC report. “Improving global growth prospects, alongside extraordinarily low interest rates and government stimulus, are expected to […]

By Rayann Huang |June 15, 2009

3 min read

Decorative pattern

Economic Indicators

Tilt portfolio toward Asia: CIBC

The current rally in the Canadian stock market is a sign that investors are looking ahead to an economic recovery that has yet to materialize, according to the latest Portfolio Strategy report from CIBC. “The rally has turned what was a very cheap market into one that’s looking a tad expensive benchmarked against 2009 earnings, […]

By Steven Lamb |June 8, 2009

2 min read

Decorative pattern

Economic Indicators

Economy shrinks 1.4% in first quarter

Canada’s real gross domestic product (GDP) declined 1.4% in the first quarter of 2009, marking the largest quarterly decline since 1991, according to StatsCan. On an annualized basis GDP fell 5.4% over the past 12 months. Despite these uninspiring figures, economists believe that it could have been worse. The Bank of Canada was forecasting an […]

By Rayann Huang |June 1, 2009

2 min read