Economy

U.S. equities hold promise: Laurentian Bank

The U.S. economy is strengthening and will set the tone for the global investment landscape in 2011, according to the chief economist of Laurentian Bank. “Two significant events occurred at the end of 2010 that generated significant momentum for the American economy,” says Carlos Leitao, pointing to the second wave of quantitative easing and the […]

By Steven Lamb |January 27, 2011

2 min read

Economic Indicators

Economy dominates pre-budget debate

Deficits and debt reduction were the main topics of conversation at a Canada2020 sponsored event in Ottawa on Wednesday morning, featuring Chief Parliamentary Budget Officer Kevin Page and Jim Stanford, chief economist of the Canadian Auto Workers.

By Doug Watt |January 26, 2011

4 min read

Economic Indicators

Are Canadians heeding debt warning?

It may be too early to tell, but Canadians may be taking the Bank of Canada’s warnings on household debt to heart, according to a report from CIBC World Markets. In November – the latest month for which data is available – household credit expanded at its slowest rate since 2001, growing by just 0.27% […]

By Steven Lamb |January 26, 2011

2 min read

Economic Indicators

Obama address may boost Canadian firms

U.S. President Barack Obama’s state of the union address on Tuesday night included strongly worded promises to expand current commitments on investment in infrastructure and scientific innovation, which could provide opportunities for Canadian firms, according to Paul Taylor, CIO at BMO Harris Private Banking. “We’ve begun rebuilding for the 21st century, a project that has […]

By Dean DiSpalatro |January 26, 2011

2 min read

UK, Germany face very different risks

This is the final installment of a three-part report on IHS Global Insight’s discussion on the Eurozone sovereign debt crisis. It covers IHS chief European and U.K economist Howard Archer’s assessment of the economic situation in the U.K., and IHS senior economist Timo Klein’s look at Germany’s prospects as the Eurozone’s key growth driver. Top […]

5 min read

East leads West in equity outlook

Liquidity flows into emerging markets as the receding economic tide continues to expose the financial system of the developed world. From a macro-economic perspective, the U.S. and Europe are beset by low growth relative to the rest of the global market, said Jeffery Urbina, principal of William Blair & Company, a Chicago-based investment firm. “In […]

By Vikram Barhat |January 24, 2011

3 min read

Europe faces uphill battle

This is the second of a three-part report on IHS Global Insight’s discussion on the Eurozone sovereign debt crisis. Economic growth in Europe will be sluggish and uneven in 2011, according to Howard Archer, chief European and U.K economist for IHS Global. In a recent webcast, he pointed to the slowdown in the third quarter […]

3 min read

IHS reviews global outlook

According to Behravesh, the U.S. economy “has picked up steam and is going to grow quite a bit faster in 2011 than we originally thought. We were originally thinking about 2.5%; now we’re thinking it’s going to be over 3%—maybe as much as 3.5%.”

4 min read

Bank of Canada holds the line

The Bank of Canada has held the line on interest rates, maintaining the trendsetting Bank Rate at 1.25%. “The global economic recovery is proceeding at a somewhat faster pace than the Bank had anticipated, although risks remain elevated,” the Bank said in a statement. Both the U.S. and Europe are recovering, while some emerging markets […]

By Steven Lamb |January 18, 2011

2 min read