Invest in Canada

Inflation rate is lowest in 56 years – overall consumer price increase is a healthy 1.8%

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Canada’s annual inflation rate slid to the lowest level in 56 years last month, dropping more than expected for the second straight month to set overall prices 0.9 per cent lower than last year, Statistics Canada reported Wednesday.
The fall on a month-to-month basis was even more dramatic, as prices in July [...]

Harmonized sales levy is the lesser of tax evils

It isn’t often that political leaders take policy actions they know will be highly unpopular. The decisions by Ontario Premier Dalton McGuinty and B.C. Premier Gordon Campbell to harmonize the provincial sales tax with the federal goods and services tax are rare shows of political courage.
The unpopularity of harmonized sales tax (HST) arises almost entirely [...]

Consumers boost confidence in economy

Whether or not Canada is truly out of the woods when it comes to the recession remains up for debate, but more and more Canadians are choosing to think positively about the economy, a new survey finds.
The survey, conducted by TNS Canadian Facts, shows their Consumer Confidence Index at 99.2, up 6% from July, when [...]

Canada plays catch-up in race for trade with China

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When the world’s biggest import market crashed last year and economists advised Canadian exporters to chase growth in emerging markets, Winnipeg plastics manufacturer Craig McIntosh did just the opposite: He hired more salespeople and redoubled his efforts south of the border.
Half of Acrylon Plastics’ $40-million in sales come from exports to [...]

Finally – The Canadian Economy is on the Mend

The Canadian economy is likely on the mend after a bad tumble in May, analysts said Friday after new data showed output shrank more than expected.
Statistics Canada reported Friday the gross domestic product fell 0.5 per cent in May, pulled down by a battered manufacturing sector and weak demand for energy exports.
It marked the 10th [...]

What’s behind the loonie’s rise?

Last week’s rosy economic outlook by the Bank of Canada – it declared the recession over – helped boost the dollar (CAD/USD-I0.940.011.07%) . Currency markets shrugged off Bank of Canada Governor Mark Carney’s caution that a high dollar could hamper the recovery, focusing instead on his comment that Canada is emerging from the recession in [...]

Canada has the best competitive advantage for Investment

When a country has as much to offer as Canada , it’s impossible to pinpoint a single reason to invest in one of the most dynamic economies in the world. Canada boasts multiple advantages and unparalleled potential — a place where businesses can achieve excellence on a global scale.

People Advantage: Canada is a nation of intelligent, [...]

The 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 is perhaps [...]

V-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 [...]

Bank 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 it [...]