Interest rates to remain low into 2014: CIBC

The CIBC says Canadians may enjoy historically low interest rates into 2014. The bank released its new outlook for the global and Canadian economies, and all indicators point to weakening conditions and rising risks. It says Canada’s economy will barely keep its head above water with growth rates of 2.1 per cent this year and […]

Frustrated Flaherty urges Europe to deal with Greece and ‘move on

NEW YORK, N.Y. — The global economy is at risk of falling into a second recession if European leaders don’t resolve the debt crisis soon, Canadian Finance Minister Jim Flaherty said Wednesday. “The European crisis is the world’s most immediate and pressing problem,” Flaherty said at a Canada-U.S. Securities Markets Summit in New York. “It […]