Canadian GDP to contract by 3.2%
Government stimulus spells recovery in earnings, commodity prices
U-shaped recovery forecast for advanced economies
OECD leading indicators signal further G7 weakness
Rapid drop in commodity prices will cause GDP to shrink in 2009
Economists lower crude oil price forecast to US$50 a barrel
Move to cut withdrawal requirements on RRIFs meets with praise
Large caps will outperform small caps in challenging economic environment
Economists at Morgan Stanley say that aggressive policy actions should mean the global economy avoids both depression and deflation.“In recent weeks, a policy vacuum in Washington and terrible economic news had increased the ‘tail’ risks of prolonged recession and deflation. Not surprisingly, comparisons between the current crisis and the Great Depression or Japan’s Lost Decade […]
Canadian government expected to move into deficit in 2009, 2010