Economic Indicators

Decorative pattern

Economic Indicators

Market likely near bottom: Experts

If past market indicators are to be believed, the bottom of the stock market slide is likely close, according to a panel of renowned experts compiled by the CFA Institute. The problem is that this downturn is unprecedented in how it behaves, so it’s not out of the realm of possibility things could get worse. […]

By Mark Noble |December 8, 2008

5 min read

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Economic Indicators

Large caps to lead in 2009: TD’s Gorman

Investors can expect North American stock indices to rise in 2009, but they’ll have to put up with more volatility before the markets find a firm footing, according to an early year-end prognostication from TD Waterhouse. “Looking ahead to 2009, the key questions on the minds of investors are when the heavy volatility will end, […]

By Steven Lamb |November 28, 2008

3 min read

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Economic Indicators

Flaherty offers more restraint than stimulus

Giving his economic mandate in the midst of a global financial meltdown, Federal Finance Minister Jim Flaherty warned that the prospects of economic growth were the lowest since 1993 and that Canada could face a deficit — but not a structural deficit. Resisting the opportunity to turn an economic update into a mini-budget — as […]

By Scot Blythe and Steven Lamb |November 27, 2008

3 min read

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Economic Indicators

Economy braces for deflation

High inflation strikes fear into the hearts of many economists, but its polar opposite, deflation, can be a far scarier beast as it heralds a full-out decline in asset prices, which kill productivity and growth. It appears that prices in the U.S. have indeed shifted into reverse gear, likely leading to a period of deflationary […]

By Mark Noble |November 19, 2008

4 min read

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Economic Indicators

Depression comparisons unwarranted

Despite repeated comparisons to the Great Depression, the current financial crisis is unlikely to result in anything so dramatic, according to one senior ratings agency executive. The coordinated action taken by central banks and stimulus packages offered by governments should help to guide the world economy into a period more similar to the banking panic […]

By Steven Lamb |November 18, 2008

4 min read

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Economic Indicators

Call it what you will — most call it a recession

Your clients have likely lost a good chunk of their net worth, jobs are scarce, and productivity and spending are down. As a little cold comfort, it’s now okay to use the R-word to describe what’s going on with the developed world, even if Canada is not officially in a recession yet. The developed world […]

By Mark Noble |November 13, 2008

5 min read

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Economic Indicators

Ottawa provides more support to credit markets

On Wednesday morning, the Government of Canada and the Bank of Canada both announced additional measures to keep credit flowing in this country. The government plans to purchase up to $50 billion more of insured mortgage pools by the end of the fiscal year as part of its efforts to maintain the availability of longer-term […]

By Craig Sebastiano |November 12, 2008

2 min read

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Economic Indicators

Economy not out of the woods yet: Fidelity

With the markets still in freefall and housing prices continuing to drop, it doesn’t look as though America’s financial future is going to turn around anytime soon. Peter Drake, Fidelity’s vice-president of retirement and economic research, says the bottom might not be far off, though three things have to happen first. “U.S. housing prices need […]

By Bryan Borzykowski |November 11, 2008

4 min read

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Economic Indicators

Obama faces tough test

Barack Obama’s victory in the U.S. presidential election on Tuesday has been heralded as a turning point in history. The long, hard-fought campaign may soon seem like a vacation, though, as the president-elect gets to work on solving the problems of a country that’s had no shortage of calamities. The first priority will be to […]

By Steven Lamb and Romana King |November 5, 2008

4 min read

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Economic Indicators

Oil the key drag on growth

The global economic slowdown will weigh on Canadian growth, as demand for resources dwindles, according to the Conference Board of Canada. The think-tank cut its forecast for 2009 GDP growth to just 1.5%, down from 2.2%. “High resource prices have bolstered Canadians’ real income for six years, including 2008. In 2009, this source of strength […]

By Steven Lamb |November 3, 2008

3 min read

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