Tuesday outlook: Stocks head for lower open amid Euro debt worries
Commodities dip, U.S. dollar rises
- By: Malcolm Morrison
- May 4, 2010 May 4, 2010
- 07:45
Commodities dip, U.S. dollar rises
Without productivity improvements, Canada’s long-term economic outlook is likely to dim
Dow posts triple-digit gain
Funding part of EU bailout
United, Continental agree to merge
IMF, ECB agree to Greece bailout
February fiscal figures indicate that deficit estimate could be downgraded
Busy week for Canadian earnings
Oil and gold prices move higher
Deficit increases by $902 million in February
Consumers boost spending by the most in three years
Manufacturing, mining sectors led growth
Statistics Canada’s GDP report meets economists' expectations
Loonie rises
But financial contagion could spread throughout the financial sector in unanticipated ways
Forestry, industrials and media/technology sectors fared the worst during the recession
Corporate Canada is benefitting from low debt levels
Gains in service industries, manufacturing offset by declines in retail trade, educational services
Dollar rises
Dollar regains ground
Job market, consumer spending improve
Labour shortages will be “dominant economic trend” until 2030
Largest declines in Newfoundland and Labrador, Saskatchewan and Alberta
Dollar regains ground
Carney gives no hint to finance committee of when central bank will start raising rates