Economy

Why financial sector will be strong this year

The outlook for banks and insurance companies is bright

By Sharon Ho |May 22, 2018

3 min read

Wholesale sales in March surprise to the upside

Wholesale sales rose 1.1% to $62.8 billion in March, reports StatsCan. The increase more than offset a decline in February of -0.8%, and was “more than expected,” says CIBC senior economist Royce Mendes in emailed commentary. The motor vehicle and parts subsector posted the largest gain in dollar terms, as sales rose 5.0% to $11.8 […]

By Staff |May 22, 2018

1 min read

Canadian CEOs bullish on growth prospects in 2018

Canadian CEOs are far more bullish than their global counterparts about their ability to harness technology and grow their businesses, finds KPMG’s 2018 Global CEO Outlook. The annual report surveys almost 1,300 global CEOs on the biggest risks facing their businesses and the strategies they’re using to address them and drive growth. Read: Why financial […]

By Staff |May 22, 2018

2 min read

What’s weighing on the loonie

The rise in oil prices hasn’t lifted the loonie, as typically expected. A big part of the reason lies stateside. “The usual positive correlation between oil prices and the exchange rate has not been as strong of late, reflecting both uncertainty around Canadian pipeline capacity (and investment) and the expected increase in U.S. production (and […]

By Staff |May 22, 2018

3 min read