Canada may post a bigger budget surplus than forecast in the 2015-2016 fiscal year and its manufacturers will be aided by a currency that the central bank head says may weaken, Finance Minister Jim Flaherty said.
“Yes, we’ll balance and it won’t be close, we’re in good shape,” Flaherty said in an interview broadcast Sunday on CTV’s “Question Period.” “We could have a larger surplus than we anticipated but we will have a surplus,” he said. Flaherty didn’t elaborate on how large the surplus could be.
One year ago, we provided our list of the 10 indicators to watch that seemed to precede the stock market declines in 2010 and 2011 and accurately warned of another spring slide in 2012. We again look to these indicators for signs of a potential spring slide in the stock market this year.
The U.S. housing recovery has been one of the most encouraging economic stories in the world since the financial crisis. However, mortgage rates have been on the rise, and recent housing data have been raising red flags.
TORONTO — Scotiabank says Canada’s housing market is in the process of transitioning to slower growth and will remain on a “subdued trajectory” over the next several years, imposing a modest drag on output growth as the effects make their way through the broader economy.
In a new report, bank senior economist Adrienne Warren says residential investment began to stall last year as affordability constraints tempered home sales and builders scaled back the number of new developments.
It has been a sweet sixteen weeks for the S&P 500. The broad stock market index has had only three down weeks out of the past sixteen. While this stretch is tied by the same period a year ago, it is important to note that there has not been a sixteen-week period with fewer weeks of losses in over 20 years—since the period ending September 1, 1989.
OTTAWA – Prime Minister Stephen Harper’s government has introduced a cautious budget that promises to end years of deficits by the time Canadian voters go to the polls in 2015 and contains some surprises – ranging from a tax hike on cigarettes to a tax credit for search and rescue volunteers.
In the House of Commons Tuesday, Finance Minister Jim Flaherty introduced a fiscal blueprint defined by four broad themes: fiscal prudence; training and apprenticeship for workers; industrial innovation; and consumer protection.