Economy

Secondary currencies can reap returns

Consider secondary currencies when looking for yield, says Patrick Bradley, a product specialist with the global fixed-income team at Brandywine Global in Philadelphia. He's also a manager of the Renaissance Optimal Income Portfolio

By Martha Porado |August 29, 2012

2 min read

U.S. consumer confidence lowest since Nov 2011

Americans are feeling worse about the economy than they have in a long time.

By Wire services |August 28, 2012

3 min read

Government to tighten belt: CIBC

Government spending will decline 0.9% in 2013 to 2014—a 0.2 percentage point drag on real GDP growth, finds CIBC. “Our analysis points to yet another drop in real expenditures, with no major offset from planned tax reductions,” says Avery Shenfeld, chief economist at CIBC. Read: Canada’s GDP will grow by 2.6%: RBC He adds although […]

By Staff |August 28, 2012

2 min read

Scotiabank earnings soar 57% in Q3

Scotiabank profits grew by 57% in the Q3 2012, as its divisions boosted performance and benefited from the sale of the bank’s Toronto headquarters.

By Staff |August 28, 2012

1 min read