Major Canadian banks are positioned for growth in 2017, thanks to a strengthening economy and increased investor optimism.
Along with domestic GDP for November and the upcoming Fed meeting, watch for a slew of earnings releases.
The global economy is projected to post its best performance this year since 2014, at 2.3%, reveals Scotiabank’s global outlook report. India is expected to lead the pack with growth of 7.5%, followed by China (6.4%) and Indonesia (5.3%). The GDP of the U.S. is expected to be 2.3%; Canada’s GDP, 2.0%. Read: What investors […]
More than a third (38%) of Canadian CEOs are confident of their company’s growth in the next 12 months, reveals PwC’s annual CEO survey. And 79% of that growth is expected to come from the U.S. — despite concerns about the new U.S. administration and its effect on business. Read: Another year of challenges, or […]
A greater number of Canadian firms expect to benefit from what they anticipate will be stronger post-election growth in the United States, a new Bank of Canada poll suggested Monday. Read: What bank economists say will happen in 2017 However, the central bank’s latest business outlook survey also found that, when it came to exports, […]
Canada’s economy regained momentum in the second half of 2016 and is poised for sustained growth throughout 2017, reveals an RBC report. GDP growth of 1.3% is expected for 2016, 1.8% for 2017 and 2.1% for 2018. “The Canadian consumer drove growth again in 2016,” says Craig Wright, senior vice-president and chief economist at RBC, […]
Chinese leaders have set economic goals for 2017, and they've taken geopolitical risks into consideration.
Figuring out the effects of this year's U.S. election results is no easy task. So how should you tackle clients' questions about the U.S.?
No one can predict the future, but take a look at these potential economic scenarios, courtesy of BMO’s five-year outlook for 2017 to 2022. Slow and steady wins the race. The most likely scenario (70% probability) is a stable continuation of a U.S.-led global recovery. Emerging markets expand at a faster rate on the back […]
Trump’s agenda of infrastructure and defense spending, lower corporate and personal taxes, and less financial regulation could result in significant fiscal stimulus, says Corrado Russo, director and portfolio manager at Timbercreek Asset Management, in published commentary. That could lead to renewed GDP growth, more jobs and better longer-term productivity. Also, Trump’s pro-growth, pro-inflationary policies will […]