Bank rate setting on Tuesday: no change — for now
Exporters not hurt as much, importers didn’t benefit, study says
CPI for Canada, U.S. on Friday
Survey finds them upbeat despite a number of negatives
Probably the biggest risk for domestic financial markets from a minority government is on the fiscal side, says a new report by BMO Nesbitt Burns Inc.Senior economists Douglas Porter and David Watt worry that the new Liberal minority government of Paul Martin will be forced into risky spending decisions by the New Democrats, who essentially […]
Second quarter still expected to come in at 4%
Foreign direct investment in Canada continued a downward trend, falling almost 70% last year, according to a report published Monday by the Organization for Economic Co-operation and Development. The report said just $6.6 billion flowed into the country vs $21 billion in 2002 (all dollars are U.S. dollars). Four years ago, FDI for Canada stood […]
This week is judgment week on both sides of the border. But will investors really care?For Canadian investors, the week ahead, shortened by the Canada Day holiday on Thursday, will be eventful on the political as well as the economic front with the federal election on Monday and real gross domestic product for April on […]
Canadian retail sales cooled off unexpectedly in April, thanks largely to a decline in the auto sector. Statistics Canada said Friday that consumer spending in retail stores fell 0.8 % from March to $28.4 billion. That surprised economists, many of whom had forecast an increase of similar size. Excluding the auto sector – which includes […]