Bank of Canada not seen hiking rates until Q2 2013: Reuters poll

By Jon Cook TORONTO (Reuters) – Sluggish domestic growth and uncertainty about the global economy will likely keep the Bank of Canada from raising rates until the second quarter of 2013, according to a Reuters survey. The Reuters poll of 42 economists and strategists released on Wednesday showed the median forecast for the next interest rate […]

Rate Hikes on Hold until 2013 – BMO Economics

Business owners need to prepare for continued currency fluctuations TORONTO, October 4, 2011 – Rate hikes will resume in the first part of 2013 instead of the second half of 2012, according to the “Rates Scenario” report released today by BMO Capital Markets Economics. “As global economic risks have escalated, casting commodity prices and the Canadian dollar much […]

Low rates could spur mortgage rule changes

David Pett  Sep 8, 2011 With Canadian interest rates now on hold for some time to come, the government may move to tighten mortgage rules again to keep the already hot housing market from bubbling over, says the chief economist of Canada’s biggest bank. “As we go forward in an environment of lower rates for longer […]

CDN jobless rate lowest since 2008

OTTAWA (Reuters) – Canada’s unemployment rate fell to 7.2 percent in July, its lowest since December 2008, from 7.4 percent in June, though this was due more to people dropping out of the labor market than to job creation. Statistics Canada said Friday the economy managed to eke out 7,100 new jobs while holding on […]

Household Debt Slowing, But Still Growing: BMO

TORONTO, June 21, 2011 – Although the growth in Canadian household debt is slowing and household assets are rising, debt ratios have pushed further above levels in the United States, and more steps need to be taken to repair the household balance sheet, according to Doug Porter, Deputy Chief Economist, and Sal Guatieri, Senior Economist […]

Alberta renovation spending to lead country 1.7% growth in 2011, 4.9% in 2012

CALGARY — Renovation spending in Alberta is forecast to lead the country in year-over-year growth this year and in 2012, according to a report by the Altus Group, an economic consulting firm. The report said spending in Alberta on renovations hit $5.7 billion in 2010, which accounted for 9.5 per cent of all spending in […]

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