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Economy News

The case against another cut: Data gives Poloz room to stand pat
Bank of Canada Governor Stephen Poloz has an opportunity to lower your borrowing costs, again, next week. But the case for a third rate cut has been weakening in recent days, writes BNN reporter Greg Bonnell.
Posted on 9-04-2015 at 2:00 PM
G20 to focus on global instability, slow growth: Joe Oliver
Structural reforms being planned by the world’s major economies have taken on increased importance because global growth has fallen behind forecasts, Canadian Finance Minister Joe Oliver told Reuters on Friday.
Posted on 9-04-2015 at 9:55 AM
Economists expect Bank of Canada to keep key rate low until 2017
The latest round of policy easing in Canada is probably over but interest rates are expected to stay low for longer as the central bank tries to lift the economy out of a mild recession, a Reuters poll of economists found.
Posted on 9-04-2015 at 9:14 AM
U.S. labour market shows muscle despite slower growth
U.S. job growth slowed in August, but the unemployment rate dropped to a near 7-1/2-year low and wages accelerated, keeping alive prospects of a Federal Reserve interest rate hike later this month.
Posted on 9-04-2015 at 8:41 AM
Canada defies recession fears with surprise August job gains
Canada’s economy unexpectedly added jobs in August, mostly full-time work in services such as education and health care, in another sign of momentum in a labour market that has defied the oil price shock.
Posted on 9-04-2015 at 8:37 AM
Pattie Lovett-Reid: Are we truly in a technical recession? August job numbers will tell the tale
With Canada now officially in a technical recession, many Bay Street economists have emphasized the country is not experiencing a full blow recession because job growth has been pretty strong.
Posted on 9-03-2015 at 3:18 PM
Canada a petro-economy no more as car exports surpass energy
A Statistics Canada report Thursday showed shipments of motor vehicles surpassed those of energy in July for the first time since 2007, as oil prices plunged and a weaker currency enhanced the competitiveness.
Posted on 9-03-2015 at 12:53 PM
Loonie to remain weak as Canada, U.S. monetary paths diverge: Poll
The battered Canadian dollar will stay weak in the coming months as the Bank of Canada and U.S. Federal Reserve look set to take  different policy paths, a poll of currency strategists forecasts.
Posted on 9-03-2015 at 10:57 AM

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