Interest rates to rise in second half
Canada and the U.S. to lead the major industrialized countries
280,000 new jobs forecast for 2010
Canadians are taking on greater debt at a time when higher interest rates — and debt servicing costs — may be just around the corner, economists warn.In the newest outlook, Royal Bank analysts say Bank of Canada governor Mark Carney will likely start raising rates as early as next summer.“The next tranche of rate increases […]
Economic growth and inflation to pick up in 2010
Real GDP will rise by 2.6% next year
Sideways market to follow first-quarter rally
All major non-OECD economies are also in a recovery phase
Mortgage payments will rise, central bank warns
Inflation picture faces conflicting pressures