By Mark J. Perry: The Conference Board reported today that its Leading Economic Index (LEI), a 10-variable composite index measure that forecasts the future direction of the U.S. economy, increased to 94.1 in January, the highest level for the index since June 2008 (see chart below).
OTTAWA — While the Canadian economy entered 2016 with a little more oomph than anticipated, consumers still appear hesitant to open their wallets and begin spending more — a sign that many are worried about job security at a time when the country’s unemployment rate is running at a two-year high.
OTTAWA — The Canadian economy continues to deliver what central bank governor Stephen Poloz has described as “serial disappointment.”
The post-recession road to recovery has been a bumpy one, and it now looks like we could be heading back in that direction.
The Conference Board of Canada on Wednesday forecast economic growth of just 1.6 per cent this year, which the Ottawa-based think-tank said is the worst performance since 2009 — the tail end of the previous downturn — and more disappointment could lie ahead.
By George Smith Alexander and P R SanjaiTata Motors Ltd., the $22 billion producer of Jaguar sports cars and Land Rover sport utility vehicles, is shaping up as a key battleground in the fight for control of India's biggest conglomerate. Tata Group is facing opposition to its plan to remove Cyrus Mistry from the automaker's board after Glass Lewis & Co. and Institutional Shareholder Services Inc. recommended investors vote against the move. The two US proxy advisory firms wrote in reports this month the reasons for the Tata Motors chairman's ouster haven't been clearly explained.
Some optimism is returning in Canadian oil and gas, but the recovery is expected to be slow, and mostly jobless, as surviving companies remain cautious.
Uncertainty remains over oil prices, carbon taxes are on the horizon and competition from better-positions rivals in the United States remains intense. But last week’s OPEC deal to end a two-year market share war, Ottawa’s approval of two oil sands pipelines, and a pickup in winter drilling have gone a long way to feed confidence that the worst of the downturn is over.
OTTAWA — Despite indications to the contrary, Canada’s economy may actually be chugging along at a steady — if not stellar — pace.
Signs of growth are continuing to appear, according to a leading Canada indicator, and much of that strength is the product of an improving U.S. environment.
The Macdonald-Laurier composite leading index advanced 0.2% in January, following a 0.3% gain in December but still matching increases in the previous three months.
Dr. Stephen Leeb submits:Despite some positive economic news that has come out in recent weeks, one area of the economy that has yet to show real signs of improvement is retail spending. American consumers are still reeling from the near collapse of the U.S. economy, and nearly 10 percent of them don’t have a job (many more if you count partially employed). This raises doubts about the sustainability of the recovery, given that personal consumption accounts for roughly 70 percent of U.S.