Economy

Commodities take a tumble: report

A slowing Chinese economy, renewed concerns over European debt crisis and the dawdling U.S. recovery are wrecking havoc on Canadian exports. Major Canadian exports tumbled for the second straight month posting a month-over-month decline of 1.9% in June, according to Scotiabank’s Commodity Price Index. However, the June results of the SCPI, which measures price trends […]

By Vikram Barhat |July 21, 2010

2 min read

More BoC hikes on the way: Experts

This morning’s announcement from the Bank of Canada that it was raising its benchmark policy rate to 0.75% caught few Canadians by surprise. Members of the Canadian financial industry stress it is a sign that the country’s economy is going strong and that further rate hikes must be expected. “I think the comments from the […]

By Vikram Barhat |July 20, 2010

3 min read

China will be the new global standard

The loonie will continue to advance against the U.S. dollar over the near term, but it’s sustainability on the longer term is doubtful. The commentary is part of a larger discussion on currencies and global interest rates, delivered by Francis Scotland, director of global macro research, Brandywine Global Investment Management. “It seems to me we’re […]

By Vikram Barhat |July 16, 2010

3 min read

Foreign investors taking a shine to Canada

Canada is now the golden child when it comes to world economies. A new report from CIBC World Markets states there is a growing list of “strategic advantages” which are boosting interest in Canada and its weighting in global investment portfolios. According to Warren Lovely, government strategist with CIBC’s macro strategy group, Canada’s much smaller […]

By John Powell |July 14, 2010

1 min read