News & Updates

Canada’s job growth blows past expectations

(November 09, 2016, posted in Economy)

OTTAWA — If there’s a pattern developing in Canada’s economy, it looks more patchwork than anything by design.

While we have seen three consecutive monthly gains in employment, many of the jobs have been part-time positions that could fall off at any time. And despite some bright spots in the overall trade outlook, exports still appear raggedy.

Friday’s figures for both sectors fit the scenario of s... read more.

Don't blame the financial crisis for low interest rates — they've been falling for 30 years

(February 10, 2015, posted in Economy)

There is lots in the media at the moment about how interest rates on government bonds in some developed countries are dipping below zero for the first time. This is indeed an historical moment, but it reflects a 30-year trend of collapsing yields rather than simply being a short-term phenomenon.

The chart below shows the interest rates on 10-year government bonds in the US, Germany, Japan, Switzerl... read more.

Top economic forecaster predicts Surrey will shine in the midst of national volatility

(February 07, 2015, posted in Economy)

At a time when Canadians’ growing debt-to-income ratios are triggering dire financial warnings, one of Canada’s top economists came to Surrey bearing good news yesterday.

“Surrey has a lot of things going well for it right now, with its population increase, location close to the border and affordability in terms of real estate,” said Douglas Porter, chief economist and managing director for BMO Cap... read more.

Lower oil prices, dollar to fuel growth in B.C., report says

(January 31, 2015, posted in Economy)

VANCOUVER — British Columbia is poised to be a top economic performer in Canada, with lower oil prices working to the province's advantage, according to a report by the Business Council of B.C. Real GDP growth is expected to rise from 2.3 per cent in 2014 to 2.6 per cent in 2015 and 3.1 per cent in 2016. Unemployment is expected to drop from 6.1 per cent in 2014 to six per cent.

"In summary, our as... read more.

Bank of Canada will cut interest rate again

(January 26, 2015, posted in Economy)

The Bank of Canada will cut its key interest rate again in March, TD Bank predicts in an update to its 2015 forecast.

Last week, the Bank of Canada cut its target for the overnight lending rate from an already low one per cent to 0.75 per cent, in light of the risk posed to the Canadian economy by slumping oil prices.

Economists had expected to hold the rate at one per cent, where it had been since... read more.