Economy

Glut of unsold homes threatens U.S. recovery

Housing’s tentacles reach into so many sectors of the economy — everything from finance and furnishings to food and fuel — and it has a solid track record of hinting when an economy is slipping into, or climbing out of, recession. So it comes as no surprise that many see this week’s shabby existing home […]

August 24, 2010

2 min read

CIBC cuts rate hike forecast

The Bank of Canada may have no choice but to put interest rate hikes on hold after September, states a CIBC World Markets Inc report. This would be all due to continuing weakness of the U.S. economy as key indicators are pointing to growth that will be slower than anticipated by monetary policy makers. “North […]

By John Powell |August 18, 2010

1 min read

Is the recession really over?

Most people define a recession as two consecutive quarters of declining GDP. This definition gained popularity after it was included in a list of indications by economist Julius Shiskin in a 1974 New York Times article. Likewise, a recession is considered to be over when the streak of declining quarterly GDP concludes. In the U.S., […]

By Kash Hashemi |August 11, 2010

7 min read

CIBC: Slim odds on second recession

They may slow down but they won’t be double-dipping. Through its Recession Probability Index, CIBC is predicting the economies of both the U.S. and Canada will slow in growth but the threat of a double-dip recession is unlikely. “We’re not in material danger of a rude double dip in the next two quarters,” said Avery […]

By John Powell |July 27, 2010

2 min read