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 ‘economists’
Canadian bonds beat world
January 8th, 2011 by Financial Writer
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more...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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China Rate Speculation Splits Analysts, Former PBOC Official
December 11th, 2010 by Financial Writer
China can’t raise interest rates because of the risk of attracting inflows of cash that would fuel inflation, said Wu Xiaoling, a former deputy governor of the central bank.
“The global low interest-rate environment prevents China’s central bank from raising interest rates,” Wu said in a speech at a hedge fund [...]
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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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Consumer spending lifts U.S. growth
November 17th, 2010 by Financial Writer
U.S. economic growth edged up as expected in the third quarter, but not enough to chip away at high unemployment or change perceptions of more monetary easing from the Federal Reserve next week.
Gross domestic product expanded at a 2.0% annual rate as consumer spending rose at its quickest pace since 2006 and businesses continued to [...]
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Gold Drops From Record as Dollar’s Climb Cuts Investors’ Demand for Haven
November 8th, 2010 by Financial Writer
Gold for immediate delivery declined as the dollar strengthened, paring investors’ demand for the metal as an alternative to currencies. Silver reversed a fall to climb to the highest price since March 1980.
Spot gold dropped for the first day in four, losing as much as 0.4 percent to $1,403.65 an ounce before trading at $1,407.35 [...]
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As Dollar’s Value Falls, Currency Conflicts Rise
October 20th, 2010 by Financial Writer
Is this a currency war or what?
Fast-growing nations like Thailand are trying to devalue their exchange rates to bolster their export-driven economies.
In Washington, where “strong dollar” has been the mantra for years, policy makers are taking steps that could make the already weak dollar weaker still.
European policy makers worry that a resurgent euro will threaten [...]
Tags: currency market, economic, economists, financial crisis, financial markets, Global Economy, Global Markets, IMF, interest rates, us economic
Bernanke’s Caution Doesn’t Dim View On Asset Buys
October 16th, 2010 by Financial Writer
BOSTON (MarketWatch)–While Federal Reserve Chairman Ben Bernanke was regarded as cautious about a second round of bond-buying to stimulate the economy, economists on Friday said the underlying message was still that some sort of program would be enacted.
“Bernanke knows that the market is allocating more than a 90% probability [of a second round of bond [...]
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MIT prof among 3 Nobel economics winners
October 11th, 2010 by Financial Writer
A bleary-eyed Massachusetts Institute of Technology professor Peter Diamond was being driven home from Logan Airport by his wife early Monday when a colleague called to congratulate him on winning the 2010 Nobel economics prize.
It was the first Diamond had heard of the decision, on the last leg of a long trip from New Zealand.
“I [...]
Tags: economists, financial markets, financial system, unemployment rate, us economy
Economy shed 95,000 jobs in September
October 10th, 2010 by Financial Writer
A sharp falloff in local government payrolls, mostly at schools, added an ominous new weight to the depressed labor market last month as the American economy lost 95,000 jobs and the unemployment rate remained at 9.6 percent.
In the last monthly employment report before the Nov. 2 midterm elections, which many see as a referendum on [...]
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