Economy

Recession’s over! Now what?

The Great Recession of 2008-2009 is officially over, according to economists from three of Canada’s larger financial institutions. But charting a course in 2010 could prove difficult, as central banks balance inflation risks against choking off growth. “The global economy and recovery remain fraught with risk,” notes TD’s senior vice-president and chief economist, Don Drummond. […]

By Steven Lamb |December 17, 2009

4 min read

Economy points to late cyclicals

Economic performance may outpace market returns in the coming months, according to a 2010 forecast by Scotiabank. Like many other forecasters, Scotiabank is predicting a return to muted but stable returns for Canadian investors, with the prospect of rising inflation towards the end of next year. Scotiabank chief economist Warren Jestin says the world is […]

By Mark Noble |December 1, 2009

5 min read

Time to hedge U.S. currency exposure

The Canadian dollar has been rising steadily against the U.S. dollar recently, due in part to increasing demand for commodities, and in part to the sagging greenback. Global uncertainty toward the U.S. dollar was bolstered on Wednesday, as Sergei Shvetsov, head of open market operations for Russia’s central bank told his government that the bank […]

By Steven Lamb |November 25, 2009

3 min read

Housing boom has legs: CIBC economist

Interest rates are not going to rise any time soon, says a leading housing market expert, but it’s incumbent upon homebuyers to ensure they can carry their mortgage even if rates rise 200 basis points. Speaking before the Canadian Mortgage Conference and Expo in Toronto, hosted by The Canadian Association of Accredited Mortgage Professionals (CAAMP), […]

By Mark Noble |November 23, 2009

4 min read