Returns in Canada’s bond market exceeded the rest of the world in 2010, gaining the most in five years, and may outperform again this year amid record foreign purchases of the nation’s fixed-income securities.
The Bank of America Merrill Lynch Canada Broad Market Index, which tracks 1,150 federal, provincial and corporate bonds with a par value [...]
Posts Tagged ‘Canada’
Canadian bonds beat world
January 8th, 2011 by Financial Writer
Tags: AIG, au, bank, bank of america, banking, banking system, ben, budget deficit, Canada, company, credit market, crisis, Debt, debt crisis, deficit, dollar, economist, economists, economy, energy, euro, euro zone, Europe, fed, federal government, glo, Global Economy, government, inflation, interest rate, interest rates, Invest, investment, investor, investors, lender, money, new york, oil, rate, recession, sales, us, weak economy
more...TD Bank to Buy Chrysler Financial
December 21st, 2010 by Financial Writer
Toronto-Dominion Bank took another step toward its goal of becoming a top retail player in the U.S. with the $6.3 billion purchase of the former auto-lending arm of Chrysler.
TD said Tuesday the purchase of Chrysler Financial Corp. from private-equity fund Cerberus Capital Management LP gives the bank a big presence in a growing [...]
Tags: au, bank, business, Canada, consumer, financial, Invest, lending, loan, loans, us
Ottawa should cut spending despite slowing growth: CIBC
December 17th, 2010 by Financial Writer
The federal government shouldn’t allow a softening economy to derail plans to return to a balanced budget, says the chief economist at one of the country’s big banks.
Avery Shenfeld of CIBC World Markets said Thursday that if the economy needs further juice, let the Bank of Canada provide it through very low interest rates.
“Softer [...]
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Government plans three new measures to bolster economy
December 6th, 2010 by Financial Writer
Canada’s Conservative government will introduce three new measures in coming weeks to bolster the country’s economy”>
Christopher Furlong/Getty Images
Canada’s Conservative government will introduce three new measures in coming weeks to bolster the country’s economy
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Paul Vieira, Financial Post · Thursday, Sept. 16, 2010
The federal Conservative government plans to introduce three new measures in the coming weeks aimed [...]
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Carney, Volcker see long haul to recovery
November 20th, 2010 by Financial Writer
The world economy faces a long, hard slog toward recovery and could slide into deflation and financial instability if leaders fail to deliver on promises of reform, top policy markers said on Friday.
At a conference in Calgary, White House special adviser Paul Volcker warned it would likely take years for the American economy to [...]
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U.S. recovery slowdown a ‘concern’: Carney
November 16th, 2010 by Financial Writer
Bank of Canada governor Mark Carney said Friday the slowdown in the U.S. recovery is of “some concern” to the central bank and whatever unfolds will have a “significant” impact on this country’s economy.
In an interview with U.S. business network CNBC, he said the low level of U.S inflation — due to a debt overhang [...]
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Employment Insurance rolls increased in June
August 25th, 2009 by Financial Writer
The number of Canadians collecting regular Employment Insurance benefits jumped 5.1 per cent in June, according to Statistics Canada.
About 816,000 Canadians collected EI benefits in June, up 39,500 from the previous month.
The largest percentage increases came in Alberta, British Columbia and Newfoundland and Labrador, Statistics Canada said. The agency says the number of beneficiaries increased [...]
Tags: benefits, Canada, Employment Insurance
unemployment will peak at 9.3%
August 25th, 2009 by Financial Writer
In the first quarter of this year, economists at the Conference Board of Canada began to revise down their economic estimates. In October last year, they had predicted that Canada would avoid a recession all together.
Chief economist Glen Hodgson admitted Friday that the board, using a mathematical model to produce its forecasts, had been not [...]
Tags: Canada, economic estimates, unemployment
TSX and U.S. markets fall
July 28th, 2009 by Financial Writer
The benchmark S&P/TSX composite index was down more than 190 points in early afternoon trading Tuesday.
Every sub-index had fallen, with the biggest drops in gold, mining, materials and energy.
One month TSX trading The composite was at 10,577 at 1:30 p.m. ET. However, it had been even lower, touching 10,521 shortly before noon.
In the United States, [...]
Tags: Canada, markets fall, TSX, U.S. markets
Volkswagen Canada sales were the highest in nine years
July 3rd, 2009 by Financial Writer
June sales at Ford of Canada jumped 25 per cent while sales at General Motors Canada fell 31 per cent, the companies said Thursday.
The results put Ford ahead of GM in total Canadian sales in June, 27,408 units to 22,334.
GM’s car sales were down almost 40 per cent, and truck sales down nearly 20 per [...]
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