5 Reasons Canada’s Economy is Looking up in 2017

5 Reasons Canada's Economy is Looking up in 2017After 2016, a year of ups and downs for the Canadian economy, there’s a growing body of evidence suggesting 2017 will be a better year. Here are five big reasons the economy could do a lot better than you might think this year. The job market is recovering It may be cold comfort to anyone still looking for work, but Canada’s job market ended 2016 on a bit of a…

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Don’t Panic, A Trump Presidency Isn’t as Bad as Believed

Don't Panic, A Trump Presidency Isn't as Bad as BelievedMarkets whipsawed wildly once it became clear that outsider Donald Trump had ascended to the Oval Office. For a brief moment, it appeared the cataclysm that many economists and analysts on Wall Street had been dreading had finally arisen. It was feared that Trump’s regressive policies on immigration, foreign aid, trade, and taxation would spark considerable volatility and eventually lead the U.S. into a recession. Nonetheless, after Trump addressed financial…

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The Great White Long – Are Canadian stocks ready to bounce?

The Great White Long - Are Canadian stocks ready to bounce?After one of the worst quarters for Canadian stocks since 2011, market watchers say it may be time to start buying Canada again. Brian Belski, chief investment strategist at BMO Capital Markets, said the S&P/TSX composite index, excluding energy stocks, is now trading at a price-to-earnings ratio below its long-run average after its third-quarter decline put the index down nearly 10 per cent for the year. At the same time,…

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If this Key Trend Ends Stocks Could be in Trouble

If this Key Trend Ends Stocks Could be in TroubleIt could be called the Great American Dichotomy: As the rest of the world struggles, the American economy continues to slowly grow. But some traders say that investors are making a big mistake if they think this divergence will continue forever. After Caterpillar (CAT) released earnings Thursday, CEO Doug Oberhelman told CNBC’s ” Squawk Box “: “We’ve seen a real dichotomy here in the world. The U.S. growing fairly slowly…

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The 10 Biggest Threats to the Global Economy Right Now

The 10 Biggest Threats to the Global Economy Right NowIn its latest World Economic Outlook, the International Monetary Fund (IMF) puts the chances of growth in global output falling below the recession threshold of 2% next year at just one in a hundred. Is this too sanguine a view? Global recessions are quite rare events, so if you had to put money on it, you’d go with the IMF. Even when one part of the world is in recession,…

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Canadian Dollar Under Pressure Over Rates and Economy

Canadian Dollar Under Pressure Over Rates and EconomyThe Canadian dollar has had a sharp slide since the beginning of 2014 and most predictions are that it will go lower. RBC economists say 87 cents by this fall, perhaps 85 cents next year, while TD Bank says 85 cents before the end of the year, then a rebound to 90 cents in 2015. On Friday the loonie closed up 0.26 of a cent at 89.21 cents US, having…

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Canada’s Economy Outperforming the U.S.

Canada's Economy Outperforming the U.S.Canada’s economy expanded at a 1.8 per cent annual pace during the last quarter, the same growth seen at the start of the year and slightly better than what economists were expecting. Statistics Canada said Friday that an increase in business investment was the biggest factor contributing to growth. Economists had been expecting a 1.6 per cent gain. The Bank of Canada, however, had been forecasting the 1.8 per cent…

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Job Market Slows in May

Job Market Slows in MayCanada’s unemployment rate held steady at 7.3 per cent in May following two months of large gains. Statistics Canada said Friday the economy created 7,700 new jobs last month. That wasn’t enough to move the employment rate one way or the other, although it was slightly ahead of the 5,000 gains that economists were expecting. But the jobs showing was a marked slowdown from the previous two months, which saw…

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What a Greek Euro Exit Could Mean for Canada

What a Greek Euro Exit Could Mean for CanadaA tumultuous Greek exit from the eurozone would have a harder impact on Canada’s economy than the credit crisis recession of 2008 and 2009, a report from a major Canadian bank warns. The prospect of debt-saddled Greece defaulting on its loans, and exiting the euro currency union at some point has moved from a remote possibility to a realistic outcome in recent weeks, as a seemingly endless series of summits…

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Bulls vs. Bears: Does the Economy Matter?

Bulls vs. Bears: Does the Economy Matter?I haven’t written a Bulls vs. Bears post in a while. Given the tremendous stock market run from the end of last year through the end of the first quarter of this year, it seems like a good time to assess the current position of the markets. I recently read two articles which, on the surface, appear to make inverse arguments. One article says that stocks are the place to…

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