Bank on Hold As Housing Expected to Continue to Slow

Bank on Hold As Housing Expected to Continue to Slow It is no surprise that the Bank of Canada maintained its target overnight rate at 1/2 percent today, reaffirming its view that the Canadian economy is still operating with considerable slack despite strong employment growth and inflation remains below the 2 percent target. The policy […]

Trade and Investment to Support Canada’s Economy In 2013: RBC Economics

Real GDP to increase to 1.9 per cent in 2013 TORONTO, June 19, 2013 — Canada’s economy started 2013 growing at a solid clip, as energy production continued to recover and the U.S. economy proved to be more resilient to a recession than was feared, according to the latestEconomic and Financial Market Outlook issued today by RBC […]

Bank of Canada Rate Biases – Consult with a Vancouver Mortgage Broker

Bank of Canada Rate Biases When the Bank of Canadatalks rates, analysts hang off of every word. They pay special attention to biases in the Bank’s wording (i.e., which way the Bank is leaning on interest rates). The media loves to pump commentators for predictions on whether the BoC will keep its rate “bias,” not keep its bias, […]

Bank of Canada signals no rate hikes anytime soon – Consult with a Vancouver Mortgage Broker

OTTAWA — While the Bank of Canada acknowledges the economic outlook here and elsewhere “is slightly weaker” than thought, policymakers are also offering up some hope for the near future. In a nutshell, Canada’s economy is growing at a slower pace than expected — although a pickup is likely later this year —and inflation remains […]

Bank of Canada holds rates, but keeps hike in its sights

OTTAWA — When Bank of Canada governor Mark Carney moves onto his new U.K. job in seven months, it is likely little else will have changed back home. Interest rates will still be at near-record lows, and the economy will be continuing to churn out less-than-stellar growth. That presents a problem for the central bank, […]

BoC hints at rate hike

  The Bank of Canada announced Wednesday it will maintain its overnight rate at 1 per cent, also hinting at the future withdrawal of that stimulus. “In Canada, while global headwinds continue to restrain economic activity, underlying momentum remains at a pace roughly in line with the economy’s production potential,” writes the Central Bank in […]

Carney warns falling oil price could grease economy’s slide

JEREMY TOROBIN OTTAWA — The Globe and Mail Published Tuesday, Jul. 17 2012, 9:09 AM EDT Last updated Wednesday, Jul. 18 2012, 7:34 AM EDT The Bank of Canada is adding the downward drift in prices for oil and other commodities to its catalogue of threats to economic growth. In a one-page statement on his latest interest-rate decision Tuesday, […]

Bank report reveals hottest investor markets

A new report on varying provincial fortunes hints at where to make that next real estate investment. Psst, there’s oil there. “Strength in the energy sector has rekindled in-migration and helped firm up the labour market,” writes economist Robert Kavcic, touching on Alberta in the new edition of the BMO Blue Book “With the recent […]

Canada not headed for recession: Flaherty

Reuters  Sep 14, 2011 OSHAWA, Ontario  – Canada should see modest economic growth and avoid a double-dip recession, Finance Minister Jim Flaherty said on Wednesday. The economy shrank slightly in the second quarter, and Bank of Nova Scotia said this week the country may already be in another recession, but Mr. Flaherty said that is not […]

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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