Economy

Recession draws to a close

After 10 consecutive months of decline, Canada’s gross domestic product showed a glimmer of hope in June with a 0.1% rise in GDP. And there’s plenty of evidence that growth continued through July and August, according to report by Dr. Sherry Cooper, chief economist of BMO Capital Markets. Canada’s economy fell at an annualized rate […]

By Rayann Huang |August 31, 2009

2 min read

Get tough on inflation, BoC told

The Bank of Canada should rethink its inflation targets, focusing on maintaining stable prices at a much lower level, according to a study released by the C.D. Howe Institute entitled How Flexible Can Inflation Targeting Be? Suggestions for the Future of Canada’s Targeting Regime. Hailing the Bank’s inflation-targeting regime as a success, Thorsten V. Koeppl, […]

By Steven Lamb |August 27, 2009

3 min read

Rates to stay low through 2010: CIBC

It is becoming increasingly popular to declare the recession dead, but that does not mean North Americans will enjoy a massive economic upswing any time soon, according to analysts at CIBC. Slow growth in both the U.S. and Canada will keep inflation in check, allowing the Bank of Canada to maintain its easy-money policy of […]

By Steven Lamb |August 25, 2009

3 min read

Recovery in the offing, timing debatable

What was initially dubbed “The Great Recession” appears to be drawing to a close, about nine months after it was first recognized. The U.S. economic downturn, which cascaded around the globe, officially began in December 2007, but that start date was only announced a year later. It has been the longest and deepest recession since […]

By Steven Lamb |August 24, 2009

3 min read