Economy

Toronto, Hamilton lead cities in growth

The cities of Toronto and Hamilton are booming. According to the Conference Board of Canada’s ‘Metropolitan Outlook – Autumn 2010’, Toronto and Hamilton have the fastest growing economies this year. Despite a 2.3% decline in GDP last year, Toronto’s economy will bounce back with growth of 4.7% in 2010. Manufacturing output is expected to post […]

By John Powell |September 22, 2010

2 min read

Slow recovery to hold rates down: Desjardins

Canada’s economic recovery is weak, fragile and wrought with a fairly high risk of a relapse into recession, reports the Desjardins Group Economic Studies team. The economists point to a cooling housing market and the winding down of government stimulus programs as indicators of slow to moderate growth in the future. “Interest rates will stay […]

By John Powell |September 20, 2010

2 min read

Fresh data cast doubt on U.S. recovery

Fears of a double-dip recession in the U.S. were reinforced on Friday, by a spate of negative economic reports. On Friday it was announced that the U.S. consumer price index rose just 0.3% in August, meeting expectations, but core CPI fell short of consensus estimates, gaining just 0.1%. On a year-over-year basis, total CPI gained […]

By Steven Lamb |September 17, 2010

2 min read

Home sales rise, reverse downtrend

Canada home sales edged up for the first time in five months reversing the downward trend in the housing market, according to data released by the Canadian Real Estate Association (CREA). The association says seasonally adjusted national home sales activity via the Multiple Listing Service in August rose 4.1% from the previous month. The recovery […]

By Staff |September 15, 2010

2 min read