It’s been a great year for the loonie. In fact, “over the past six months, the C$ has been the best performing major currency,” note CIBC economists Andrew Grantham and Royce Mendes in a weekly economics report. The loonie’s strength coincides with Canada’s hot GDP streak. However, Canada’s growth is slowing, while that of other […]
The Bank of Canada (BoC) is maintaining rates for now, but not everyone is supportive of the cautious stance. For example, David Dodge, former BoC governor, tells Bloomberg that raising rates is the wise thing to do, considering the economy is close to capacity. Further, low rates encourage excessive borrowing by households and businesses — […]
Details on the first monthly pullback since October 2016
Potential reforms could aim for financial stability over GDP targets
The Conference Board of Canada predicts growth across the nation.
This is the longest stretch of synchronized global growth since the financial crisis, with every OECD economy currently expanding. Read: Canada’s growth tops G7 countries: IMF “We are referring to this period as the sweet spot because economic growth is occurring at a period of benign or tepid inflationary pressures,” say Craig Basinger and Derek […]
35% say technology is also the key to improve productivity.
Heading into the final quarter of 2017, expect Canadian stocks to outperform U.S. stocks. That’s because of “a highly forgiving valuation discount, still robust economic activity and improving commodity prices,” says a Q4 global outlook report by BlackRock, with an introduction by Kurt Reiman and Aubrey Basdeo. Reiman is BlackRock’s chief investment strategist for Canada, […]
Small and medium-sized businesses are showing signs of fatigue and reporting lower confidence, finds a CIBC Capital Markets report.
Overall exports slipped 1% to $43.6 billion in August -- the third consecutive month of declines.