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 [...]
Posts Tagged ‘monetary’
Ottawa should cut spending despite slowing growth: CIBC
December 17th, 2010 by Financial Writer
Tags: bank, banks, ben, big banks, Canada, central bank, deficit, economic, economist, economists, economy, Employment Insurance, euro, Europe, fed, federal government, finance, finance minister, financial, gdp, glo, government, increase, inflation, interest rate, interest rates, job, monetary, rate, spending, united states, us, world markets
more...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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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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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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Fed, ECB throwing world into ‘chaos’: Stiglitz
November 13th, 2010 by Financial Writer
Ultra-loose monetary policies by the U.S. Federal Reserve and the European Central Bank are throwing the world into “chaos” rather than helping the global economic recovery, Nobel Prize winning economist Joseph Stiglitz said on Tuesday.
A “flood of liquidity” from the Fed and the ECB is bringing instability to global foreign exchange markets, Mr. Stiglitz told [...]
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German Finance Minister Attacks Fed Move Again : Report
November 6th, 2010 by Financial Writer
BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble renewed his criticism of the U.S. Federal Reserve’s move to buy $600 billion worth of government bonds, saying it undermined U.S. credibility and created uncertainty, according to a German magazine.
“I have great doubts about whether it makes sense to pump unlimited amounts of money into the markets,” [...]
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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 [...]
Tags: economists, economy recovery, Federal Reserve, inflation, loans, monetary, money, unemployment rate, us economy
Gold May Climb to Record $1,650 an Ounce on Fed Easing, Goldman Forecasts
October 13th, 2010 by Financial Writer
Gold may rally more than 20 percent from this month’s record to a high of $1,650 an ounce in 12 months as the Federal Reserve takes action to stimulate the U.S. economy, according to Goldman Sachs Group Inc.
Bullion may gain to $1,400 an ounce in three months and $1,525 an ounce in six months, analysts [...]
Tags: Federal Reserve, interest rates, monetary, us economic recovery, us economy
Dollar slides; potential Fed easing in focus
September 29th, 2010 by Financial Writer
The dollar fell to its lowest level in eight months Wednesday, as growing expectations that the Federal Reserve will further ease monetary policy outweighed simmering problems in Ireland and other European countries.
Three Federal Reserve members have speeches planned for the day, and traders will be listening for any hints on their disposition to engage in [...]
Tags: economic, Federal Reserve, financial markets, financial system, monetary, us economy