Economy

Fed supports tapering in Q2

At their last meeting in July, members of the U.S. Federal Reserve showed support for easing U.S. central bank asset purchases in the second half of this year, reports ft.com. Additionally, the committee estimated “inflation would move back toward its 2% objective over the medium term,” and if it remained below that it “could pose […]

August 22, 2013

1 min read

Fewer Americans applying for mortgages, refinancing

Mortgage applications have decreased for two straight weeks, finds the U.S. Mortgage Bankers Association.

By Staff |August 21, 2013

1 min read

Canadians to see salaries increase 2.6%

Canadian employees can expect an average salary increase of 2.6% in 2014, finds a survey of public and private sector employers by Hay Group. The projected increase is lower than the projection for 2013 (at 2.9 %) and continues to be relatively close to projected increases of 2.8% for American employees. U.S. average projections are […]

By Staff |August 20, 2013

2 min read

8 areas to invest in, 7 to avoid

Americans are in for another decade of slow growth, predicts Gary Shilling, president of economic consultant firm A. Gary Shilling & Co. Inc.

By Suzanne Sharma |August 19, 2013

2 min read