Basix Hedge News - Canadian Economy


Closing Bell: U.S. Fed tapering concerns send TSX market tumbling 191 points

The Toronto stock market tumbled almost 200 points Wednesday as investors remained focused on whether the U.S. Federal Reserve might start to claw back its...

U.S. rebound expected to provide boost to some provincial economies

Increasingly, Canada’s economic recovery hinges on the strength of the much-ballyhooed rebound south of the border. The signs are there, now all we need is...

Canada’s job growth almost doubles expectations, but don’t get too excited

The 21,600 job gain — mostly part-time and self-employed — unlikely to put pressure on the Bank of Canada to raise rates, economists say

Terence Corcoran: We have nothing to fear in low inflation

Corcoran: Low inflation is nothing to fear, and certainly should not be used as a reason to promote monetary expansion and a concerted drive to...

Why Canada’s policymakers may want a weaker loonie

It’s a practice short of directly intervening in foreign exchange markets, but an acknowledgement by a central bank that it is prepared to do just...

IMF expected to confirm Canadian growth outlook

Just as many were losing faith in the ability of Canada’s economy to deliver more oomph, hints of hope for stronger growth may soon be...

11.25.13: Looking for a stock market pullback? Don’t bother this year

The question isn’t so much what will propel stocks to new records, but rather what, if anything, might stop them

What you need to know before markets open

North American markets look set for a higher open as worry dissipates over Fed tapering. Here's what you need to know

Ottawa on track for $3.7B budget surplus for 2015-16, Flaherty says

Ottawa will be carrying a hefty surplus earmarked for election goodies when it hits the campaign trail in the fall of 2015. Or maybe not....

Rob Ford, Senate scandals in Canada ‘just a sideshow’ for most investors

The ongoing Senate scandal in Ottawa and sordid crack confessions of Toronto’s mayor are leaving a bad taste in the mouth of many Canadians, but...

Why no rate hike means variable mortgages are safe again

The Bank of Canada's neutral stance on interest rates could add fuel to the country's recovering housing market, and possibly force Ottawa but to tighten...

No proof of job crisis in Canada, TD says

Skills crisis? Not really. A mismatch of jobs to locations? Perhaps, but there’s not much data to back that up. That’s just a splash of...

10.21.13: Just how weak is Canada’s economy?

On Wednesday, Canada's central bank will release its latest policy statement, which comes on the heels of lacklustre employment growth and flat-lined inflation

Corporate Canada ready to spend in 2014 on signs of global rebound: CIBC

As the Harper government launches a cross-country blitz to sell Canadians on the newly inked free-trade deal with the European Union, corporate Canada at the...

Global economy set to ‘turn a corner’ in 2014, CIBC’s Shenfeld says

CIBC World Markets chief economist Avery Shenfeld also said Canada doesn't have a housing debt problem, and expects the Bank of Canada to raise rates...

How the U.S. debt crisis is hurting Canadians’ confidence in the economy

The failure to reach a debt ceiling deal could push the world’s biggest economy into default, and threaten the well-being of other countries, most directly...

Canadian businesses ramp down hiring and investment intentions as economy struggles: BoC

Canadian firms are turning progressively gloomier about the slow pace of the world’s economy and say they want to see signs of progress before ramping...

Canadian economic growth slowing, BoC’s Macklem warns

Senior deputy central bank governor Tiff Macklem said Tuesday that Canadian growth forecasts need to be pulled back as the expected rotation to exports and...

Closing Bell: TSX closes flat amid U.S. government shutdown worries, huge BlackBerry loss

The Toronto stock market closed flat on Friday, capping a session where traders opted for caution going into the weekend amid the possibility of a...

Canadian economy ‘puffing along’ with help of consumers, housing market, but new growth sources needed: TD

TD Bank says the country cannot continue to rely on consumers to grow the economy and needs a sustained recovery in the United States and...