Canadian GDP is expected to grow by 2% in 2017, followed by a slightly firmer 2.1% in 2018, reveals an economics outlook report by RBC. Ontario is expected to lead the way for the first time since 2000, with a growth rate of 2.5%. Two of Canada’s oil-producing provinces, Alberta and Saskatchewan, will swing back […]
Global economic growth is expected to pick up modestly in 2018, but there are hurdles.
With the Netherlands holding elections next week, followed by France, Germany and Italy soon after, Europe could be the next region in line post-election market shocks. But political risks are probably overstated, says Richard Turnill, global chief investment strategist at BlackRock, in a weekly commentary. For instance, he points to polls suggesting a wide-margin loss […]
The one-year forward P/E ratio for the S&P 500 is 17.7, reports Factset. That’s the greatest level since 2004. “The only time one-year multiples were higher in recent memory was during the tech craze of the late 1990s,” says Avery Shenfeld, chief economist at CIBC Capital Markets, in an economics report. “And that didn’t end […]
Yesterday, the B.C. government introduced its 2017 budget. For fiscal 2016-17, the forecasted budget surplus is $1.5 billion — about $1.2 billion better than expected a year ago. “The largest improvement on the revenue side comes from personal income taxes and property transfer tax, which includes revenue from the 15% foreign-buyer tax effective August 2,” […]
If it seems like rising global unrest is unavoidable, you might take comfort in the stability offered by Japan, despite the yen’s weakness against the U.S. dollar. Read: Here’s what global experts are worried about Increasing expectations for U.S. inflation help the U.S. dollar appreciate against other major currencies, say Royce Mendes and Andrew Grantham […]
By 2050, six of the seven largest economies will be emerging market economies–with China, India and Indonesia leading the way, reveals a global economic outlook report by management consultancy firm PwC. “Emerging economies such as Mexico and Indonesia are likely to be larger than the U.K. and France,” says the report, “while Pakistan and Egypt […]
The Ontario economy grew 2.6% on average between 2000 and 2007, reveals an economic report from the Ontario Chamber of Commerce (OCC). Although that level of growth might sound good in today’s global environment, it’s cause for concern. That’s because wealth from the production of goods and services dropped 12% in that time period, reveals […]
Freshii Inc.’s initial public offering tapped into the rapidly growing fast-casual restaurant sector, an area expected to see more startups acquired and further IPOs over the next couple of years. The IPO raised more than expected for Freshii, as its initial plan to sell shares for $8.50 to $10 each was revised up to $11.50 […]
Real GDP expanded by only 2.5% in 2016, and only a slight uptick to 2.8% is expected for 2017, reveals a report by the Conference Board of Canada. Read: Don’t be too bullish on 2017 growth Overall, expect uncertainty to provide headwinds to economic growth, suggests the report, citing the Trump administration and its potential […]