GDP Growth: Statistics Canada reported a rise of 2.8% in GDP annualized over 2006. The latest report available indicates an increase in GDP of 0.3% in May, 2007 after remaining nearly unchanged through April. Strong increases in retail and wholesale trade were present while a drop in oil and gas exploration constrained overall growth. GDP [...]
Category Archives: Canadian Dollar
Interest Rates
There is currently a general trend around the world to raise interest rates to moderate inflationary pressures. In Canada, the most recent hike occurred on July 10, 2007 with a 1/4 point raise to 4.5%. The Bank of Canada attributed its policy to raise as a direct result of stronger than expected economic and inflationary [...]
Strength of the Canadian Dollar
Canadian Dollar
The Canadian Dollar has appreciated dramatically over the past 6 months compared to the greenback. Economists at TD Bank suggested in a report dated July 12, 2007 that the strength of the Canadian dollar will help to limit Bank of Canada rate hikes through the coming quarters. However, their report also predicted another quarter [...]