Loonie on Track For 2nd Biggest Decline Ever

Loonie on Track For 2nd Biggest Decline EverThe Canadian dollar is on track to experience its second-biggest decline on record against the U.S. dollar, and analysts forecast the currency could go lower before it bounces back next year. The loonie is now down nearly 17 per cent against the greenback for 2015, the biggest drop since 2008, when it lost 18.6 per cent against the U.S. dollar due to a collapse in commodity prices. With nine trading…

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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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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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Canadian Economic Growth Slows to Crawl

Canadian Economic Growth Slows to CrawlThe growth rate of the Canadian economy slowed to a crawl in the fourth quarter of 2011, Statistics Canada reported Friday. At an annual rate, real gross domestic product (GDP) grew 1.8 per cent in the fourth quarter, after a 4.2 per cent increase in the third quarter. The actual growth in the quarter was 0.4 per cent, compared with one per cent in the third quarter, the agency said. …

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