Canada’s economic boom in 2017 surprised economists and supported strong labour numbers. Yet, inflation also remained dormant, “which created this Goldilocks environment and, therefore, very strong financial market returns for the year,” says Luc de la Durantaye, the head of asset allocation and currency management at CIBC Asset Management Inc. That won’t be the case […]
Investors who are watching the Canadian equity market should prepare for a few more bumpy moments in 2018, according to Russell Investments Canada Ltd.’s 2018 global market outlook. While the firm’s strategists anticipate Canada will avoid a recession, investors will be keenly watching for the signs of one. Equities may have more room to grow in the first half of […]
Bolstered by a lift in global equities, Canadian defined benefit pension plans maintained positive growth in the first quarter of 2017 with average returns of 2.9 per cent, according to RBC Investor and Treasury Services. Positive global economic conditions in the first quarter helped lift global equities to a return of 6.2 per cent for […]
Greek Prime Minister Alexis Tsipras announced his government's resignation and called early elections Thursday, an attempt to get a new mandate to implement a three-year bailout program that sparked a rebellion within his radical left party.
Following the Federal Reserve’s monetary policy meeting Wednesday, the Federal Open Market Committee announced it plans to stand pat on interest rates for the time being.
Greek banks opened their doors Monday for the first time in over three weeks, a move the government hopes will help the economy get back to normal following a period dominated by fears over the country's future in the euro.
Greece got a triple dose of good news on Thursday, when creditors agreed to open talks on a third bailout package, to give the country an interim loan to cover its debts, and to provide more support to its shuttered banks.
After months of acrimony, Greece finally clinched a bailout agreement with its European creditors on Monday that will, if implemented, secure the country's place in the euro and avoid financial collapse.
Greece submitted a request for aid from Europe's bailout fund Wednesday, and is rushing to detail a plan of economic reforms that creditors want to see this week if they are to save the country from financial collapse and keep it in Europe's joint currency.
With their country struggling to stave off financial collapse, Greek officials restarted talks with skeptical creditors on a new rescue deal, but showed up Tuesday without the concrete proposals their European counterparts had demanded.
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