Canada Economics Update The disappearing case for rate increases Considering the contraction in second-quarter GDP and evidence of slowing global economic growth and rising financial risks, it is not a surprise to anyone that the Bank of Canada kept its policy... 8th September 2011 · 1 min read
Canada Economics Update New stimulus pledge won’t prevent growth slowdown Canada’s Federal Government has declared that it would be prepared to introduce new stimulus measures, but that it would need to see clear signs of the economy contracting before offering more fiscal... 18th August 2011 · 1 min read
Canada Economics Update Financial market turbulence puts economic growth at risk The possible adverse effects from sharply falling equity prices and lower commodity prices on wealth and confidence have increased the risks that Canada's economic recovery might falter during the... 9th August 2011 · 1 min read
Canada Economics Update Bank of Canada poised to raise rates? By dropping the qualification in its policy statement this morning that monetary stimulus will only be withdrawn "eventually", the Bank of Canada seems to be posturing to raise rates. Obviously there... 20th July 2011 · 1 min read
Canada Economics Update Housing in Canada Speaking in Vancouver today, the Governor of the Bank of Canada Mark Carney admitted that housing valuations are elevated and hinted that if there were a sudden weakening in the housing sector, then... 16th June 2011 · 1 min read
Canada Economics Update Federal Budget 2011 The new Conservative majority government now aims to tackle its updated C$36.2bn deficit essentially over four years, which we think will prove far too optimistic. A global economic slowdown, a drop... 6th June 2011 · 1 min read
Canada Economics Update Bank of Canada remains cautious The policy statement from the Bank of Canada this morning highlighted that ultimately it will raise rates at some point, this year or next year, but even then it said the extent of any policy... 31st May 2011 · 1 min read
Canada Economics Update Federal election results supportive to economy The Federal election results should be supportive for equity markets, the Canadian dollar and business investment. A pro-business majority Conservative government may also look to forge new bilateral... 3rd May 2011 · 1 min read
Canada Economics Update Bank of Canada in no rush to hike The policy statement from the Bank of Canada this morning signalled that it is still in no rush to raise interest rates. In particular, it offered no hint that a summer rate hike is coming, supporting... 12th April 2011 · 1 min read
Canada Economics Update Bank of Canada remains cautious The policy statement from the Bank of Canada this morning signalled that it is in no rush to raise interest rates, stressing as before that "any further reduction in monetary policy stimulus would... 1st March 2011 · 1 min read
Canada Economics Update Bank of Canada still sitting on fence The policy statement from the Bank of Canada this morning is unequivocally dovish, no doubt a bit of a disappointment to market analysts, who had expected a more hawkish tone. Indeed, despite more... 18th January 2011 · 1 min read
Canada Economics Update Bank of Canada in no hurry to raise rates The Bank of Canada sat on the fence today, careful not to say too much until it has updated its economic outlook. The Bank acknowledged economic growth in the second half of this year has been weaker... 7th December 2010 · 1 min read
Canada Economics Update US QE2 no boon for Canada The Fed's new programme of asset purchases (QE2) does not change our view that Canada faces an extended period of weak economic performance. We continue to expect GDP growth to stagger along at around... 15th November 2010 · 1 min read
Canada Economics Update Recovery losing momentum The world economy is set to slow as the fading of the policy stimulus again exposes the underlying fragilities left by the recession. During this period of transition, growth in external demand for... 4th November 2010 · 1 min read