Economy

Experts: Canadian recovery to be slow, steady

As rocky as the global economic outlook remains, there will be no double dip recession said two of North America’s leading financial experts. At the CFA Institute’s annual dinner in Toronto, Patricia Croft, RBC Global Asset Management’s chief economist, and Bob Doll, vice-chairman and chief investment officer at New York-based BlackRock Advisors, both said the […]

By Bryan Borzykowski |September 24, 2010

4 min read

China: The red hot market

There couldn’t be a better symbol of China’s economic dominance that the bull that stands outside the Shanghai stock exchange. Strong GDP growth, high urbanization rate and growing disposable incomes have been the key components of China’s meteoric rise to its current status. At a time where correlated global markets are in the doldrums, the […]

By Vikram Barhat |September 23, 2010

5 min read

CIBC: Recession hangover gutting growth

Although things are looking quite rosy, the road to a full economic recovery will not be without its thorns, states a CIBC World Markets Inc. report. In the economic report, CIBC sees Canada’s economy facing muted growth prospects through 2011 a recessionary hangover continues abroad and headwinds emerge at home. “The Great Recession that shattered […]

By John Powell |September 22, 2010

2 min read

Toronto, Hamilton lead cities in growth

The cities of Toronto and Hamilton are booming. According to the Conference Board of Canada’s ‘Metropolitan Outlook – Autumn 2010’, Toronto and Hamilton have the fastest growing economies this year. Despite a 2.3% decline in GDP last year, Toronto’s economy will bounce back with growth of 4.7% in 2010. Manufacturing output is expected to post […]

By John Powell |September 22, 2010

2 min read