Economy

B.C. budget targets stability, confidence

British Columbia’s 2009 budget supports infrastructure projects to create jobs and build opportunities in the province while providing stability and confidence for British Columbians by investing in health, education and social services, Finance Minister Colin Hansen announced. “Budget 2009 builds on B.C.’s Economic Plan to help families, communities and business alleviate the effects of the […]

By Brooke Smith |February 18, 2009

2 min read

Rubin and Gartman spar over commodities

A discussion panel on oil at the Calgary Petroleum Club can get tense at the best of times, but when the panel consists of two of the most outspoken commodity commentators on the continent, sparks may fly. Dennis Gartman, a hard-nosed commodity trader and publisher of The Gartman Letter, and Jeff Rubin, the outspoken chief […]

By Mark Noble |February 13, 2009

6 min read

Expect recovery in 2010: BoC

The head of the Bank of Canada has defended his assessment of the Canadian economy but cautioned that domestic growth would be heavily reliant on government stimulus south of the border. “In our base-case projection, real GDP is expected to rebound in 2010, growing by 3.8%,” Bank governor Mark Carney told the House of Commons […]

By Steven Lamb |February 10, 2009

3 min read

Stimulus plans to drive inflation: Rubin

The bull market for bonds may be on its last legs already, as governments the world over will soon tap the debt markets to fund stimulus packages aimed at shortening the global recession. The flood of newly available sovereign debt will drive down the value of existing bonds by correcting the current supply-demand imbalance. “Sovereign […]

By Steven Lamb |February 9, 2009

2 min read