Basix Hedge News - Economy


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

ECB keeps rate on hold, ready to act further as low inflation to drag on for next 2 years

The European Central Bank left interest rates unchanged on Thursday, pausing to assess the health of the eurozone recovery, while the Bank of England said...

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...

David Rosenberg: The case for staying totally invested

Stop worrying about Fed tapering, says Gluskin-Sheff's chief economist. Here's why the conditions for a bear market are not in place

Canada’s inflation rate drops to 5-month low of 0.7%

The figure — less than forecast — underlines just how little pressure the Bank of Canada is under to raise interest rates

BoC chief Stephen Poloz says Canadian housing market not a bubble, predicts soft landing

Bank of Canada Governor says Canada’s housing market is not likely to suffer a sudden and sharp correction in prices unless there is another major...

GOLDMAN: Here are the 10 big market themes for 2014

Central bankers' rush to the exit kicks off while it's show time for the developed world's recovery. These macro themes will dominate markets next year,...

OECD cuts global growth forecast as emerging markets cool

International think tank says the European Central Bank should look at ways to ease policy further and the Federal Reserve must keep an accommodative stance...

Accountants warn of ‘grey areas’ in global corporate tax structure

The federal government must look at new ways to make the corporate tax system more globally competitive, Chartered Professional Accountants argues in a report released...

BlackBerry’s hometown flooded with high-tech job seekers after wave of layoffs

After BlackBerry ( TSX:BB ) helped build its reputation as the epicentre of Canada’s technology sector, Waterloo, Ont., is working against the odds to find...

Janet Yellen stands by Fed’s stimulus in subpar job market, low inflation

The nominee to take the Fed's helm said today that the U.S. economy has regained ground lost to Great Recession but still needs the Federal...

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....

Canada headed for ‘huge economic crisis’ if no action taken to improve pensions, warns Ontario premier

Canada faces an economic crisis if the provinces and federal government don’t take action now to improve retirement incomes, Ontario Premier Kathleen Wynne warned Tuesday...

European Central Bank points the way for monetary policy — and that way is down

Analysis: For other central banks — from Canada’s to those in the United States — the prospect of lower rates, and for longer, means they...

The world has never had it so good – thanks in part to capitalism

Comment: We live in largely peaceful times, with better access to medicine and education, thanks in part to capitalism. The world is easily in the...

Federal Open Market Committee’s official statement: Oct. 30, 2013

The Federal Reserve extended its support for a slowing U.S. economy on Wednesday, saying it will keep buying $85 billion in bonds per month for...

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...

Canada to relax foreign takeover rules beyond EU nations, Harper says

Canada announced last week it will raise the threshold for reviewing foreign investment from EU countries to $1.5-billion from $344-million, as part of its trade...