Canadian Economy

Canadian Economy

Bank of Canada maintains overnight rate target at 1 per cent

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Global economic growth has evolved largely as anticipated in the Bank's April Monetary Policy Report (MPR).  In the [...]

By |2017-01-04T01:02:26+00:00June 4th, 2013|Economy|0 Comments

No housing bubble in sight

The head of Canada’s biggest bank and one of the country’s leading developers said the housing market is not in a bubble, even as one economist said Toronto is caught in a “condo craze.” Canadian housing starts rose to the highest since September 2007 last month, led by multiple-unit projects, Canada Mortgage & Housing Corp. [...]

By |2017-01-04T01:02:28+00:00May 9th, 2012|Economy|0 Comments

Bank of Canada says may have to hike rates

OTTAWA - The Bank of Canada left its key interest rate at 1 per cent on Tuesday as expected but said it may need to start hiking rates due to firmer-than-expected growth and inflation as well as a less hostile global backdrop. "In light of the reduced slack in the economy and firmer underlying inflation, [...]

By |2012-04-17T17:18:06+00:00April 17th, 2012|Economy|0 Comments

Modest increase in sale for 2012, dip for 2013

Sales of existing homes in Canada are projected to increase slightly this year, but dip in 2013, the Canadian Real Estate Association said on Monday. Sales are predicted to rise 0.3 per cent in 2012 to 458,800 nationally, up from 457,305 in 2011, said CREA. The modest increase is attributed to rising demand in Alberta, [...]

By |2012-03-05T20:55:09+00:00March 5th, 2012|Economy|0 Comments

Weekly Market update Feb 27 2012

  The title refers of course to a popular movie, in which the protagonist stands helplessly by as history endlessly repeats itself.  High oil prices were one of 2011’s main economic party poopers, prompting many observers to pare their initially high expectations for growth during the year.  Some observers may have thought they were caught [...]

By |2017-01-04T01:02:29+00:00February 27th, 2012|Economy|0 Comments

Economic Update Feb 17 2012

 Debt is no longer a four-letter word in the US. So far, the mother of all deleveraging has seen US household debt (ex student loans) falling by no less than 10% or $1.3 trillion since 2008. This decline is even more impressive when measured in inflation-adjusted terms, with real debt outstanding now 15% below their [...]

By |2017-01-04T01:02:29+00:00February 22nd, 2012|Economy|0 Comments