Economic Indicators

Economic news drives down consumer confidence

Canadian consumer confidence has taken a hit amidst negative reports on employment, continuing high gas prices, the markets, and the yet to be resolved debt crisis, according to the TNS Consumer Confidence Index for July.

By Staff |July 28, 2011

2 min read

U.S. crisis: Fearing the worst, world hopes for best

Having been taken hostage, the world is waiting with bated breath for the outcome of today's vote on a newly modified plan in the hope that a compromise will be reached by the U.S. politicians over raising the country’s $14.3 trillion borrowing limit by the August 2. But the world's also got a nervous eye on the possibility of the current impasse remaining unresolved pushing the U.S. into debt default.

By Vikram Barhat |July 28, 2011

3 min read

Fund managers scrutinize default dilemma

The global financial community is counting down the days till August 3 when the deadline for raising the U.S. debt ceiling expires.

By Vikram Barhat |July 27, 2011

4 min read

Lower inflation hints at later rate hike

Fears of a September interest rate increase were partially allayed this morning, when StatsCanada reported lower than expected inflation for the month of June. The overall inflation rate for the 12 months ended June 30 was 3.1%, down from 3.7% for the year ending May 31. More importantly, the core inflation rate declined from 1.8% […]

By Wire services |July 22, 2011

3 min read