U.S. house prices falling at a diminishing rate
Bailout plan will not be enough to fix the ailing U.S. economy, the firm argues
Reduced U.S. exports and tight credit threaten an economy that’s now on the brink
A looming U.S. recession, slowing growth in Europe, falling oil prices and tightening credit conditions are the likely culprits
Canada’s beleaguered export sector is putting the brakes on Canada’s economy. Domestic demand — spending by consumers, businesses and governments — remains strong, so only a few industries and communities are feeling the pain. Even on Main Street Ontario, which is in a recession, the pain is focused on areas with crumbling auto production.In fact, […]
Tighter lending standards and fragile confidence are expected to impact spending heavily
Americans unlikely to support bailout until financial pain felt on Main Street; but it may be too late by then
But panel of financial services industry experts says things could get ugly in the short term
Analysts and insiders expect central banks to inject liquidity and cut rates in an effort to prevent credit from drying up
The drivers of Ontario’s past success are long gone; it’s now time for the province to set its sights on a new type of prosperity