Bank of Canada prepared to deal with further stimulus from U.S. Federal Reserve
CIBC slashes growth forecast for the second half of the year and for 2011
The need for fiscal consolidation ‘remains urgent’
Any future downturn would be a new recession and not a continuation
Economic growth facing downside risks
Source: The Associated PressThe global economy is off to a weaker than expected start in the second half of the year, a senior international official said Friday.Angel Gurria, secretary-general of the Organization for Economic Co-operation and Development, said a slowdown in the recovery had been forecast for the third and fourth quarters and was “on […]
Unemployment high til 2012
Fresh evidence that the economies in both Canada and the U.S. are moving forward
Country urged to carry on with structural policy reforms that can boost the economy’s potential rate of growth
Bank calls for Canadian GDP growth of 3.3% in 2010