Archive for July, 2009
Canadian banks pass S&P stress tests
Canadian lenders have enough capital to withstand losses without needing to raise more cash, Standard & Poor’s said. “Like all banks elsewhere in the world, Canadian financial institutions are likely to experience additional losses as the recession continues,” the New York-based rating company said Thursday in a statement. “On the positive side, stress tests reveal [...]
Full StoryInvest in Canada sector profiles – Canada’s competitive advantages
Canada’s Industry Strengths Advanced Manufacturing: Canada’s global share of the aerospace industry has tripled in the last 20 years, and it is the third-largest exporter of automotive products in the world. Agri-food: Canada is the world’s fourth-largest exporter of agricultural products. Chemicals: 10 out of 10 G7 top locations for chemicals manufacturing. Enabling Technologies: The [...]
Full StoryInvestors more confident, poll suggests
Canadian investors are increasingly confident, with real estate leading the way, the Manulife Investor Sentiment Index released Thursday suggests. The quarterly index gained nine points since March and now stands at 20, which is 15 points up from what it was in December, when it hit the lowest level in a decade. Manulife calculates the [...]
Full StoryAlberta remains best place for real estate investors
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Full StoryConsumers becoming more confident
Consumer confidence edged slightly higher in Canada in July, according to a survey by the Conference Board of Canada. More importantly, confidence didn’t go down. The July increase, while small, was the fifth month in a row for a rise, from the worrisome depths reached last winter. The Conference Board’s index climbed a marginal 0.8 [...]
Full StoryThe recession is over. Cue the painful recovery
The recession is over, but not the pain. Canada’s central bank predicted Thursday that the economy would expand this quarter, suggesting the economic contraction lasted for about nine months, considerably shorter than the previous two recessions in the early 1990s and the early 1980s. The Bank of Canada’s reassessment of the state of the economy [...]
Full StoryV-shaped recovery in the works, says economist
Canada’s economic recovery is likely to be far stronger than markets anticipate, a Bay Street economist forecast Wednesday, indicating that a “burst” of 10% growth is possible in the coming quarters. The prediction from Sheryl King, chief economist and strategist at Merrill Lynch Canada, comes amid fierce debate over what shape the recovery will take [...]
Full StoryCanada readies response to ‘buy American’
Canada expects to present the United States with a proposal shortly, in reaction to “buy American” rules, which would open up public procurement more broadly to both Canadian and U.S. firms, Trade Minister Stockwell Day said on Wednesday. Mr. Day told U.S. Trade Representative Ron Kirk that Ottawa’s talks with the provinces are in their [...]
Full StoryBank of Canada boosts economic outlook
The Bank of Canada said on Tuesday that a recovery from the “intense” recession is in the early stages, and as a result it has revised upward its economic outlook for the next year and a half. Further, in a sign that it believes credit conditions in capital markets have improved, the central bank announced [...]
Full Story50 Best Employers in Canada
For the past four years, BC Biomedical Laboratories has topped our list of the 50 Best Employers in Canada. But in 2006, we crown not one but two new champions. Among medium-sized companies (300 to 1,499 employees), the Winnipeg-based financial services firm Wellington West Capital took the top honour; Cintas Canada, meanwhile, ranked first among [...]
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