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 ‘world markets’
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...Stocks struggle to rise
June 30th, 2010 by Financial Writer
Stocks struggled to gain Wednesday after a weaker-than-expected jobs report killed some momentum toward a market rebound.
The Dow Jones industrial average (INDU) was up slightly, while the S&P 500 (SPX) gained 0.4% and the Nasdaq (COMP) was up about 0.7%.
The ADP report showed less of a job-market gain than economists had hoped, which dented stocks [...]
Tags: businesses, Dow Jones Industrial, economic recovery, economists, global economic, Nasdaq composite, stocks, world markets
World markets edge higher ahead of US jobs data
January 8th, 2010 by Financial Writer
World stocks advanced Friday ahead of crucial U.S. unemployment data which some hope will show that the world’s largest economy created jobs in December for the first time in two years.
In Europe, the FTSE 100 index of leading British shares was up 2.61 points, or 0.1 percent, at 5,529.33 while Germany’s DAX rose 23.88 points, [...]
Tags: deepest recession, largest economy, us jobs, us unemployment, world markets, world stocks