The financial services sector has been a strong source of growth for the Canadian economy over the past decade. Beyond providing jobs and generating GDP, the sector also facilitates growth for other businesses in the economy, reveals a Conference Board of Canada report. “Financial institutions provide consumers and businesses access to a diverse array of […]
Developed markets are decelerating—despite years of central banks trying to boost these economies through quantitative easing and monetary policy—but emerging markets are growing.
Vancouver will be the fastest growing metropolitan economy in the country this year and next, according to a report by the Conference Board of Canada. Meanwhile, Victoria is poised to expand at its fastest rate this year since 2007. “While Vancouver’s economy is forecast to slow next year, partly due to federal and provincial government […]
Morneau's Tuesday statement is expected to be more substantive than the usual fall update.
The Trudeau government’s team of economic advisers has presented growth-lifting recommendations; they focus on immigration, infrastructure and investment strategies.
Canadians can expect to see larger and more persistent federal budget deficits, says a report from TD Economics. The major culprit? Slow economic growth, which is worse now than when the budget was released in March. Read: Canadian economy more vulnerable than in 2007-2008 Highlights of the report: The deficit is on track to reach […]
The BoC says the Trudeau government’s measures to cool hot housing markets in Vancouver and Toronto will help reduce risks to the financial system. “We are mindful that low interest rates can lead to a buildup in financial vulnerabilities,” Carolyn Wilkins, BoC senior deputy governor, said in a speech at the Université du Québec à […]
The drop in oil prices has toned down expectations for the Canadian economy, says a Russell Investments global market outlook update. With valuations stretched and no additional support anticipated from monetary policy, the expectation is that Canadian equity, a top performer among developed markets globally this year, is due for a pause. “We believe that […]
Slower growth and a lower neutral rate heighten financial vulnerabilities, said BoC's Wilkins in a speech today in the U.K.
Canadian economic growth will snap back after a second-quarter contraction, the bank predicts in a new report.