Economy

Economy loses steam, remains on track

The tenuous Canadian economic growth cycle has downshifted to its weakest quarter since recession, according to a new report from CIBC World Markets Inc. The report expects Canadian real GDP to grow by only 1% this quarter before rebounding in the third and fourth quarters to the expected annual average of 2.7%, outpaced by the […]

By Vikram Barhat |June 29, 2011

2 min read

Global investor confidence falls

After a brief recovery in May, global investor confidence fell back below 100 to settle at 99.2, according to the results of the State Street Investor Confidence Index for June 2011. This represents a decline of 5.1 points from May’s revised reading of 104.3 The decline was most pronounced among North American investors, whose confidence […]

By Staff |June 28, 2011

2 min read

U.S. consumers holding back

Despite showing a marginal increase in personal income, consumer spending in the U.S. remains stalled as inflation continues to gnaw away at income gains.

By Vikram Barhat |June 27, 2011

2 min read

Canadians struggling to save: RBC

While Canadians appear to be accelerating their mortgage payments, they claim to be saving less, according to a survey by RBC. The poll found that 40% of Canadians are saving less than they did last year.

By Staff |June 22, 2011

2 min read