275,000 lost manufacturing jobs offset by 1.5 million gains in rest of economy, says CIBC World Markets
U.S. economic activity expanded from mid-April through May, with a number of areas reporting stronger growth, the U.S. Federal Reserve said today.Seven of the 12 Fed districts described growth as modest or moderate, while the others reported growth as moderately strong, edging up, or somewhat faster than in recent months, according to the Fed’s Beige […]
Fund managers expect core inflation to rise
Inflation poses the biggest risk to global growth and the threat it poses is higher than the market is currently anticipating
Federal Reserve chairman Ben Bernanke said today the U.S. economy will rebound from its weak performance at the start of the year, despite the slump in the housing sector.Economic growth in the first three months of this year nearly stalled, logging just a 0.6% pace. It was the worst quarterly showing in more than four […]
Resource sectors facing squeeze if commodity prices do not catch up soon with the Canadian dollar
A rise in the Bank of Canada’s interest rate, combined with stronger-than-expected economic growth will drive the Canadian dollar to parity with the U.S. dollar by year-end, CIBC World Markets predicts in a new report.“Between red-hot commodity and energy markets and huge capital inflows associated with an avalanche of M&A deals, the Canadian currency has […]
Although there has been little movement over these months historically, summers since the mid-1990s have been better
Loonie has appreciated against almost all currencies
Sluggish productivity growth could hamper the ability of the economy to ride out any sustained fall in global commodity demand