Invest in Canada

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 [...]

If this is a recovery, then tech is a good place to be

A Research In Motion BlackBerry Storm is pictured in New York. LUCAS JACKSON/REUTERS

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When it comes to recovery on the markets, few areas have posted as robust a rebound as the technology sector. Which leads to a rather obvious question: Is it too late for investors to jump in?
After all, it can be [...]

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 [...]

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 [...]

Bosses across Canada readying for a recovery

Canadian business sentiment has soared as bosses across the country prepare for a pick-up in economic activity, sales and employment amid better credit conditions, according to two Bank of Canada surveys released Monday.
The results of the central bank’s Summer Business Outlook Survey are a dramatic change in mood from the Winter and Spring reports, with [...]

RBC predicts recession will end next quarter

Royal Bank of Canada has become the first of the country’s major banks to officially predict the recession will end in the third quarter as fiscal and monetary stimuli begin to heal the economy.
With housing resales up, manufacturing declines slowing and the third quarter just two weeks away, Canada can look forward to better times [...]

Flaherty sees U.S. deficit as biggest threat to recovery

The biggest risk to Canada’s economic recovery is not the rising dollar or climbing oil prices, but the burgeoning U.S. deficit, Finance Minister Jim Flaherty said at the close of the Group of Eight finance ministers meeting.
Although Canada is showing signs of renewed economic life and better consumer confidence, Mr. Flaherty said “I worry about [...]