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OTTAWA, Ontario, May 16, 2011 — While Canada’s economy remains relatively well positioned, it is being buffeted by a significant transformation of the global economy, which is driven by a combination of secular trends and cyclical forces, Bank of Canada Governor Mark Carney said.
“It is a time of great opportunity for Canada, but navigating the cross-currents in the global …

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Canada Is Adjusting to Global Economic Transformation, Says Bank of Canada Governor Mark Carney

CALGARY, Alberta, March 26, 2011 — Speaking at the Annual Meeting of the Inter-American Development Bank, Bank of Canada Governor Mark Carney called on global policymakers to work towards renewing the “rules of the game” of the international monetary system, while implementing short-term measures, such as a code of conduct for capital flows, to improve the functioning of the …

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Bank of Canada Governor Mark Carney discusses Challenges Posed by Globalization, Proposes Global Code of Conduct for Capital Flows

OTTAWA, Ontario, March 02, 2011 — The Honourable Jim Flaherty, Minister of Finance, announced today that the next phase of Canada’s Economic Action Plan, to be introduced in Parliament on March 22, will focus on keeping Canada’s economy growing and creating better jobs for Canadians.
“As we transition to the next phase of Canada’s Economic Action Plan, measures …

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Harper Government Announces Next Phase of Canada’s Economic Action Plan Will Keep Canada’s Economy Growing and Create Jobs

VAUGHAN, Ontario, January 31, 2011 — The Harper Government today released the Seventh Report to Canadians on the Implementation of the Economic Action Plan.  The report was released by Jim Flaherty, Minister of Finance, who was joined by Julian Fantino, Minister of State (Seniors).
“The Economic Action Plan continues to create jobs and economic growth with more than 26,000 …

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Canada’s Economic Action Plan Continues to Create Jobs and Economic Growth

TORONTO, Ontario, January 28, 2011 — Since the start of the new millennium, Canada’s real gross national income (GNI) has risen faster than that of the U.S., finds a new report from CIBC World Markets Inc. The report notes that GNI is a better measure than GDP of how much wealth an economy produces. “In real GDP terms, Canada has still trailed (the U.S.),” says Avery Shenfeld, chief …

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Canada Topping U.S. in Real Income Gains: CIBC World Markets Inc.

TORONTO, Ontario, January 26, 2011 — Canadians are getting the message on cutting debt levels with growth in household credit now rising at its slowest pace since 2001, finds CIBC’s latest Household Credit Analysis Report.
Inflation adjusted growth in household credit in the third quarter of 2010 was the slowest in nearly ten years, while the 0.27 per cent increase in credit during …

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Household Credit Growth in Canada the Slowest in Nearly a Decade: CIBC World Markets Inc.

OTTAWA, Ontario, January 18, 2011 — The Bank of Canada kept its target for the overnight rate at one per cent for the third consecutive meeting on January 18 th, 2011. Correspondingly, the Bank rate remained at 1.25 per cent and the deposit rate remains at 0.75 per cent.
The Bank said that the global economic recovery was proceeding at a somewhat faster than expected pace, but noted …

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Bank of Canada maintains key rate at 1%

OTTAWA, Ontario, January 17, 2011 — The Honourable Jim Flaherty, Minister of Finance, and the Honourable Christian Paradis, Minister of Natural Resources, today announced prudent adjustments to the rules for government-backed insured mortgages to support the long-term stability of Canada’s housing market and support hard-working Canadian families saving through home ownership.
…

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The Harper Government Takes Prudent Action to Support the Long-Term Stability of Canada’s Housing Market

TORONTO, Ontario, January 12, 2011 — The recent rebound in Canadian manufacturing has seen the country’s 25 largest cities regain all the economic ground lost in the recession according to CIBC World Markets’ latest Canadian Metropolitan Economic Activity Index.
“Recent data on manufacturing production and shipments reveal a sector that is on the mend,” says CIBC Deputy Chief Economist …

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Rebound in Manufacturing Raises Economic Activity in Canada’s Major Cities to Pre-Recession Levels: CIBC World Markets Inc.

TORONTO, Ontario, December 23, 2010 — Global residential property markets experienced a modest but uneven recovery in 2010, supported by ultra-low interest rates and gradually improving economic conditions, according to the latest Global Real Estate Trends report released today from Scotia Economics.
Of the 12 advanced nations tracked, the estimated average inflation-adjusted home …

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Australia’s Still Hot, Canada Not So Much: Scotiabank Year-end Review and Outlook for Global Real Estate