Investors who want cheap stocks should set their sights south of the border.
U.S. banks continue to cut bonuses and pays of their senior executives to beef up their bottom line. The latest addition to the growing list has been James Gorman, Morgan Stanley chief executive, who is set to take a pay cut, second year in a row. While the bank is looking for ways to boost […]
All eyes will turn to the U.S. as it struggles to get its fiscal house in order.
Bloomberg Markets has named CIBC’s chief economist Avery Shenfeld as the top forecaster of the Canadian economy over the last two years. No other bank economist ranked among Bloomberg’s Top 3 forecasters of the Canadian economy for the two-year period ended on Sept. 30. “These awards illustrate the strength and depth our economics team and […]
Despite a weak economic recovery and lacklustre job growth, Canada remains one of the best countries in a world.
If President Obama is re-elected, we don’t expect a material move in the markets.
There are growing signs that the U.S. economic growth is poised to do well this fall. One of them is the rise in the Institute of Supply Management (ISM) manufacturing index whose reading crossed 50 in September, rising from 49.6 to 51.5, according to a Desjardins Group report. Read: Canadian manufacturing remains stable Having remained […]
This week will bring employment data, and hopefully, it'll be good news.
The days of Canada gloating over its superior performance through and after the global financial crisis may be behind us. As economic growth begins to slow worldwide, moderate growth in the U.S. should overtake that of Canada.
While it was no surprise that the Fed kept its federal funds rate between 0% and 0.25%, the Committee decided to extend its expectation for exceptionally low interest rates to at least mid-2015 (from late 2014).