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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... (Continue reading)
Gold Price Sets Record As Doubts of Recovery Grow
Gold prices soared to new highs Friday, gaining as much as $59.40 US, or 3.3 per cent, to $1,881.40 US an ounce. Bullion for December delivery later gave up a large part of that, but still closed up $30.20 on... (Continue reading)
Economy Shrank in May
The economy shrank by 0.3 per cent in May, the second consecutive monthly decline, with slumps in mining, and oil and gas production leading the downturn, according to a report by Statistics Canada. The agency says the shrinkage comes on... (Continue reading)
Jobs Recovery Hides Underlying Weakness
Canada’s economy has done a good job of recouping all the jobs lost during the recession — just not as good as the numbers suggest, a new TD Bank report concludes. The analysis, which comes a day before Friday’s data... (Continue reading)
Recession May Have Ended But Economy Still in Hole
Two years removed from what many feared would be the total collapse of the world economic and financial systems, Canadians may be forgiven for asking — “What was the big deal?” The most severe global recession in six decades fizzled... (Continue reading)
The Dreaded Double Dip Recession Looms
The Bank of Canada has raised interest rates again, saying: the economy is recovering but still faces major challenges. If the economy is facing major challenges, then why raise rates? BMO economist Douglas Porter said poor housing sales and less... (Continue reading)
Recession-battered Canadians Grow Conservative
Recession-battered Canadians are growing more conservative with their money and turning away from high risk investments to the safety of savings accounts — a trend that banks are cashing in on, industry insiders say. Canadians this year have opened about... (Continue reading)
Canada’s economic recovery stalls in April
Written on 30 Jun, 2010 at 11:25 in News & Opinion | Comments
Canada’s economy stalled in April on a slide in retail sales, suggesting the pace of growth is slowing and that the central bank may think twice about raising interest rates again this month. Statistics Canada said on Wednesday real gross... (Continue reading)
