Depreciating dollar will help offset the effects of weaker global demand and lower commodity prices
U.S. will suffer most
Softening demand is being transmitted through commodity prices
Outlook remains bullish on Canadian equities, financials and the Canadian dollar
U.S. turmoil expected to curb exports
But the U.S. economy is facing severe challenges, and a recovery could be lengthy
Recent moves by central banks in Canada, the United States and abroad to improve liquidity in financial markets have been crucial in boosting confidence, and there’s potential for more action yet to come, Conference Board of Canada’s chief economist Glen Hodgson said Wednesday.In particular, although the US$700-billion bailout package in the United States has been […]
Major tax relief is unlikely
Some economic reports draw parallels between Canada and the U.S. housing market; others are more upbeat
Economic downturn isn’t deep enough to warrant the massive erosion in energy and resource stock valuations