Statistics Canada says the country’s trade deficit narrowed to $1.7 billion in September, giving rise to expectations that the economy may start to see the benefits of the weakened loonie. Economists had expected a deficit of $1.9 billion, according to Thomson Reuters. The result compared with a revised deficit of $2.7 billion in August that […]
In a Q&A with Advisor, outgoing Finance Minister Joe Oliver says the newly elected Liberal government won’t be able to limit the annual federal deficit to $10 billion a year. The Liberals have promised to run deficits of up to $10 billion for the next three years to fund infrastructure projects. Oliver says that without […]
Statistics Canada says the pace of economic growth in Canada slowed in August. The agency says the economy grew by 0.1% in the month, following increases of 0.4% in June and 0.3% in July. The result matched the expectations of economists, according to Thomson Reuters. Read: Unemployment inches up to 7.1% in September The growth […]
The Canadian economy will continue to underperform over the next year, relative to the U.S. and on a global scale. That’s due to our high level of consumer debt, and to weak oil prices and exports, says Luc de la Durantaye, managing director of asset allocation and currency management at CIBC Asset Management. He manages […]
Pessimism about the national economy climbed sharply among professional accountants in leadership positions in Q3 2015, according to Chartered Professional Accountants of Canada (CPA Canada). In fact, CPA Canada Business Monitor finds 40% of the business leaders surveyed are pessimistic about how the Canadian economy will perform over the next 12 months. That is a […]
While the Canadian economy has been in a mild recession over the first half of this year, it will regain some lost momentum by year-end, although the recovery will be unconvincing and riddled with risks, predicts Russell Investments.
U.S. hiring slowed sharply in September, reports Advisor.ca.
RBC Economics downgraded its forecast for the Canadian economy due, primarily, to the ongoing weakness in the energy sector, Advisor.ca reports.
Investors were disappointed after the U.S. Federal Reserve decided not to raise interest rates, reports Advisor.ca.
The Federal Reserve has decided to keep the rate at 0.25%, reports Advisor.ca.