Economic Indicators

Decorative pattern

Economic Indicators

Dollar not out of the woods yet

The Canadian dollar has suffered through a rough ride so far this month, but don’t expect it to recover anytime soon. Bank economists say the dollar has more downside potential, but whether the downturn is cyclical or just momentum remains up for debate. “The movement we have seen in the Canadian dollar in the month […]

By Steven Lamb |October 28, 2008

5 min read

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Economic Indicators

Markets bad, but no sign of capitulation

With markets in a non-stop freefall — Asian markets were down between 800 and 1200 points Friday morning — the chatter around whether or not we’ve hit the bottom is growing. But many people worry that we won’t hit rock bottom until we’ve seen “market capitulation,” which means everyone’s so fed up with the markets […]

By Bryan Borzykowski |October 24, 2008

5 min read

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Economic Indicators

Hyperinflation coming to America

If you think America’s economic fortunes can’t get any worse, think again. One American economist says the States is heading for one of the worst inflationary periods of its existence. John Williams, founder of the website Shadow Government Statistics, which offers alternative economic data to what the feds release, says the country can expect to […]

By Bryan Borzykowski |October 22, 2008

3 min read

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Economic Indicators

BoC trims rates, warns of U.S. recession

The Bank of Canada has cut its key overnight rate by 25 basis points to 2.25%. The cut itself comes as no surprise, but some had called for a 50 basis point cut. The cut was carried through to the Bank rate as well, which now stands at 2.5%. The BoC left the door open […]

By Steven Lamb |October 21, 2008

2 min read

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Economic Indicators

Policies need time to ease credit market

Global equity markets remain in the cellar, as frozen credit markets slowly thaw. There have been a few stellar days on the market, but they have barely made a dent in the losses incurred over the past year. So far, the response to the credit crisis has included rate cuts, mortgage buybacks, coordinated takeovers and […]

By Steven Lamb |October 20, 2008

7 min read

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Economic Indicators

Brace for slow recovery

If there was any doubt that North America is in a recession, it has been laid to rest by five of Canada’s top economists, speaking at the Economic Club of Toronto on Monday. The only question that remains is How bad will this be? “Trying to do an economic forecast in this kind of turmoil […]

By Steven Lamb |October 6, 2008

4 min read

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Economic Indicators

Signs of the times

Manufacturing employment in Canada, as in the United States, is on a downward trend, despite the fact that in 2007, the proportion of employed people in Canada was at its highest level in at least three decades, while the national unemployment rate sank to a 33- year low of 5.8%. Despite job losses, retail trade […]

By Staff |October 1, 2008

1 min read

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Economic Indicators

Who’s next?

Dominos keep falling. It started with Bear Stearns, then Fannie and Freddie got bailed out. Then came Merrill Lynch and Lehman, and then another bailout. This time AIG, followed by rumours of other merger deals. It’s strange to watch one of the most laissez-faire administrations in U.S. history resort to hard-core Keynesianism to prevent a […]

By Philip Porado |October 1, 2008

2 min read

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Economic Indicators

Expect inflation, oil to rise in wake of bailout: Rubin

The proposed $700 billion rescue of Wall Street by the U.S. government will help avert a meltdown in the world’s financial system but will ultimately lead to higher inflation and higher interest rates, according to a new economic forecast from CIBC World Markets. “While the cost of taking another path will never be known, the […]

By Mark Noble |September 23, 2008

2 min read

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Economic Indicators

Analysts see little spillover from Wall St. woes

With two Wall Street giants falling, and a third apparently on the brink, Canadian investors are casting a wary eye toward their domestic financial institutions. But analysts say Canadian banks should be able to avoid the trouble of their American counterparts. Much of Canada’s capital markets are intimately tied to the “Big Five” Canadian banks, […]

By Mark Noble |September 15, 2008

4 min read

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