Economic Indicators

Global recovery to ramp up in 2011

Stock values and commodity prices may be on the rise, and there has not been a major bank failure in months, but it is still too early to say a global economic recovery is underway, according to one think-tank. “Expectations of ‘green shoots’ haven’t been met,” says Nariman Behravesh, chief economist for IHS Global Insight. […]

By Steven Lamb |June 30, 2009

2 min read

We’re still in recession: World Bank

Hopes that the recession may be drawing to a close were dashed Monday, as the World Bank issued a rather desolate forecast for global economic growth and trade — of output falling by 2.9%; world trade by nearly 10%; and private capital flows likely to plummet from $707 billion in 2008 to an anticipated $363 […]

By Kanupriya Vashisht |June 22, 2009

2 min read

Canadian net worth still in decline

Canadian household net worth declined by $72 billion for the first quarter of 2009, a much slower rate of decline than recorded in the last two quarters of 2008, which resulted in cumulative losses of $438 billion, according to StatsCan. Compared to the U.S., where household net worth fell by 2.6%, Canadians are faring a […]

By Rayann Huang |June 22, 2009

2 min read

Execs focus on costs, see recovery in 2010

The Canadian economy should recover in early 2010, but the road to earnings growth will not be the same for all sectors, according to a survey of more than 200 senior financial executives. “We expect Canada will experience uneven recovery and growth across the country,” said Ramona Dzinkowski, executive director of the Canadian Financial Executives […]

By Steven Lamb |June 17, 2009

2 min read