Article by Benjamin Tal, Deputy Chief Economist, CIBC World Markets  Accidents can happen to any economy. Temporary troubles in energy and autos hit exports hard during the second quarter, which was enough to push Canada’s Gross Domestic Product (the size of our economy with inflation factored in) into a decline—even though demand was healthy at […]

The past several days have seen the release of more poor economic data as well as negative developments in the ongoing European debt saga. Canada’s employment report for August (released Friday) was disappointing – a rise in the unemployment rate and a net decline in the number of jobs was worse than the market had […]

The 5-year bond yield has nose-dived 16 bps today, crashing through “support” at 2.00%. It’s the biggest plunge in yields since March 2009. As of this writing, the 5yr GoC sits at 1.87%—seemingly en route to its 28-month low of 1.835%. Yields are hurtling lower in response to a slew of negatives including: “Austerity measures” […]

Ottawa– The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economic expansion is proceeding broadly as projected in the Bank’s April Monetary Policy Report (MPR), […]

CBC News The Bank of Canada kept its benchmark lending rate unchanged at one per cent in its latest decision on Tuesday. The Bank of Canada has opted to leave the country’s key lending rate unchanged at one per cent. (Adrian Wyld/The Canadian Press) Since raising its overnight lending rate to one per cent in […]

  A Report from our President, Gary Mauris: As most of you know, I was invited to attend the 2011 Pre-Budget Consultation chaired by Finance Minister Jim Flaherty in Regina on Wednesday, 19 January 2011.   Participants included 17 hand-picked Canadians representing a leadership position in their respective industries.   The day consisted of: An overview […]

CBC News Snow-topped houses for sale in Calgary. Ottawa moved on Monday to lower the maximum amortization period for mortgages. (CBC) Federal Finance Minister Jim Flaherty announced tighter mortgage rules on Monday to address concerns over high Canadian household debt. “In 2008 and again in 2010, our government acted to protect and strengthen the Canadian […]

Sources say rules now being discussed would add 100% of condominium fees to the list of expenses that is measured against income to decide whether a buyer can afford a mortgage. – Brett Gundlock/National Post The federal government’s efforts to get tough on borrowing are now focused on the condominium sector, with new rules in […]

The Bank of Canada announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.   “The global economic recovery is proceeding largely as expected, although risks have increased,” said the bank. As anticipated, […]

Bank of Canada increases overnight rate target to 1 per cent OTTAWA –The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economic recovery is […]