Economy

TD predicts bumpy recovery

Canada’s economy is proving strong, but there will be potholes along the way to a full recovery, according to the latest economic forecast from TD Economics. Canada has been defying the odds. For the third consecutive quarter, the combined spending of consumers, governments and businesses in the first quarter of 2010 powered ahead by a […]

By John Powell |June 17, 2010

2 min read

Canada could still be sideswiped: BMO

Canada escaped the recent economic downturn relatively unscathed as it had a short and shallow recession leading to a speedy recovery, says Paul Taylor, chief investment officer, BMO Harris Private Banking, Toronto. He was hosting a conference call themed ‘Dealing With Recovery’ which addressed a variety of topics related to the fragile global economic recovery, […]

By Vikram Barhat |May 7, 2010

2 min read

Interest rates should stay low through 2011: CIBC

A report from CIBC World Markets released today aimed to calm investors’ nerves about the prospect of the Bank of Canada raising interest rates in the near future. According to CIBC’s Global Positioning Strategy report, there are many reasons for the Bank of Canada to hold off on hiking interest rates substatnially for the next […]

By Laura Busch |April 8, 2010

2 min read

Impact of future rate hikes will be minor

Rising interest rates are expected to have little impact on the asset allocation of portfolio managers. “The slow pace of Canada’s economic recovery means interest rate are not likely to dramatically increase, which means it will not drastically affect how we position our portfolios,” says Stephen Lingard, vice-president, director of research, Franklin Templeton Managed Investment […]

By Vikram Barhat |April 1, 2010

2 min read