Economic Indicators

U.S. fiscal war could prove self-defeating

Signs are emerging that the ongoing budgetary tug of war between Obama and the Republicans will be protracted, the economic cost of which could be punishing in proportion. Last month’s fiscal cliff deal caused a budgetary contraction of about 1.5% of U.S. gross domestic product, most of which was due to the decision to let […]

By Staff |January 28, 2013

1 min read

WEF: Carney, Lagarde say recovery fragile and timid

Mark Carney, governor of the Bank of Canada and Christine Lagarde, managing director, International Monetary Fund (IMF), among others at the 43rd World Economic Forum Annual Meeting, have sounded a cautionary note about the fragile nature of the global economic recovery even if it faces fewer challenges this year, says a World Economic Forum news […]

By Staff |January 28, 2013

2 min read

As Apple sinks, will RIM rise?

For the most part U.S. earnings last week can be filed in the “good” column. A number of large cap names either met or beat analyst expectations: IBM, Google, McDonalds, United Technologies, Starbucks, 3M Co. and Procter & Gamble are just a few of the companies whose share prices climbed after releasing quarterly results.

By Gareth Watson |January 28, 2013

3 min read

Faceoff: Bubble trouble

Is Canada’s housing market hurtling toward a U.S.-style Armageddon?

By Kanupriya Vashisht |January 28, 2013

7 min read