Watch an interview with Benjamin Tal on IE:TV.We are currently sitting on a massive liquidity bubble that is a very real business opportunity for advisors, said a senior economist at one of Canada’s big banks this morning. “This is a crucial point in your business,” said Benjamin Tal, senior economist at CIBC World Markets, during […]
NBF calls for another cut this year
Strong commodity prices have raised revenues in other provinces
Economic growth will stall in the second quarter of the year due to the U.S. slowdown and the global credit crunch, the Bank of Canada said Thursday.In its monetary policy report, the central bank said economic growth for the April-June quarter will hit an annual rate of only 0.3%, down from a January expectation of […]
Province’s exports battered by high Canadian dollar and eroding U.S. sales
Loonie to hit US$1.05 by year end
U.S. likely to experience mild recession
Report estimates credit crunch-related losses at $945 billion
The Canadian economy has held up well so far but the outlook is gloomier, says BCA Research.In a research note, BCA says that the Canadian economy shown impressive resilience to the U.S. slowdown so far, as high commodity prices have provided a buffer. It notes that Canada added 15,000 jobs in March, in stark contrast […]
Economy forecast to expand by 2.2%