Companies challenged by faltering demand, plummeting commodity prices, and a difficult lending environment
Bigger rebound expected from U.S. stimulus measures
Self-reinforcing collapse has taken hold
Level of optimism hits rock bottom
Canada’s recovery to be more modest as downside risks dominate
Risks to global financial system instability have intensified in recent months, the International Monetary Fund says, and it worries that many banks may not have enough capital to weather the economic downturn.“In spite of extensive policies, the global financial system remains under intense stress,” the IMF notes in the latest edition of its global financial […]
Any delays in fiscal stimulus likely to worsen growth prospects
Bank of Canada remains focused on fighting inflation
Past deficits have led to subsequent inflation
Possibility of deflation is very unlikely in Canada, Carney says