Economists at Merrill Lynch are sharply boosting their U.S. GDP growth forecast for the latter half of this year and next year.The brokerage firm says it now expects quarter over quarter growth in the second half of 2009 to reach 2.7%, a huge upward revision from its previous forecast of 1.4% growth, and well above […]
Commodity price rebound, fiscal stimulus funds bear fruit
Canada expected to remain in recession through the third quarter
The latest survey from the Securities Industry and Financial Markets Association’s Economic Advisory Roundtable finds that most market players don’t expect the U.S. central bank to alter interest rates just yet.The group released its outlook for 2009 and 2010, forecasting that the U.S. Federal Open Market Committee will not change its current 0.0% to 0.25% […]
TSX tumbles 350 points
It will be the fall of 2010 before production gets back to pre-recession levels
Execs in the finance and insurance sector are significantly less optimistic
Slowdown in manufacturing weighs on Ontario cities
Initial recovery will be tepid
On the same day that the Bank of Canada warned that risks to the financial system haven’t abated, the European Central Bank echoed that position, as it also worries that a weak economy could undermine progress to repair the financial system.The ECB said Monday that many of the downside risks to euro area financial stability […]