Economy

A bull among the bears

Investors looking for a clear vision of where the markets are headed in 2009 were sorely disappointed at The Empire Club of Canada’s 15th Annual Investment Outlook 2009 Luncheon. Three forecasts differed in their opinion, from the optimistic to the extremely bearish. Thomas Caldwell, chairman of Caldwell Securities, represented the brighter side of things. A […]

By Mark Noble |January 12, 2009

6 min read

Real estate faces correction, not crash

While its southern neighbour teeters on the verge of collapse, Canada’s resale real estate market should see only modest price and unit sales corrections throughout 2009, predicts Royal LePage. The real estate company’s 2009 Market Survey forecasts that average house prices will dip by 3% from last year to $295,000, while transactions are projected to […]

By Kanupriya Vashisht |January 9, 2009

3 min read

Recovery will come late in 2009

Economic forecasts and pontification have bumped celebrity gossip off the front page since mid-September, but when top economists from the five biggest banks get together, it’s usually worth listening to what they have to say. At a breakfast meeting hosted by the Economic Club of Toronto, the consensus was that the global recession will persist […]

By Steven Lamb |January 7, 2009

4 min read

Goodbye 2008; now brace yourself for 2009

While almost all investors will be happy to see the end of 2008, consensus continues to build that the first half of 2009 won’t be much better. The recession that’s already taken hold of the U.S. economy will reach into Canada before a modest recovery begins in the second half of the new year, according […]

By Steven Lamb |December 31, 2008

3 min read