Sorted by Topic: Financial Services & Insurance

Rate hike not a certainty

In 2007, when the credit crisis hit, and began to broaden into a wide-spread meltdown affecting financial markets and the global economy – the world’s central bankers acted swiftly and in a coordinated fashion. It was this coordination that dampened the recession and limited the potential catastrophe, and it is [...] Read Post »

Here’s the problem for the Liberal Party of Canada:
“The economy expanded at the fastest pace in three years in January, led by manufacturing, wholesaling and construction. That followed fourth-quarter growth of 5 percent that exceeded the Bank of Canada’s 3.3 percent estimate”, according to current media reports.

Nobody saw this one coming, not even Flaherty. [...] Read Post »

One of the economics bloggers I’m following posted this little gem I would like to share with my readers today.
He writes:
“Inquiring minds are interested in a comparison between the state of California and Ontario, a province of Canada. "Firefiend" Writes:
Hi Mish Love your blog. Read it on a daily basis. [...] Read Post »

Back in February 2010, the Bank of Canada “warned that the dollar’s persistent strength could act as a significant drag on growth and delay the return to the inflation target.”
Well, I guess not. The Canadian dollar is as high as it hasn’t been in a long time, and the Canadian economy is growing faster than [...] Read Post »

The Greeks had the Delphic Oracle, the Romans had the Sibyl of Cumae, and we Moderns have Central Bankers. Back in 2007, when the economy was humming along on a fume of cheap credit and government mandated sub-prime loans, Ben “Helicopter” Bernanke calmly assured us that there was no Housing Bubble, and if – then [...] Read Post »

Canada 2020 hosted a panel discussion this morning in Ottawa to discuss the upcoming budget and some of the pressing issues that must be considered as the Government prepares its economic plan.  The panel was ‘A list’ with Canadian Council of Chief Executives President, John Manley (full disclosure, I had the honour of working for [...] Read Post »

For those who have not seen it, Monte appeared on BNN with Brian Lee Crowley and Buzz Hargrove to discuss Canada’s rising debt as well as the Canadian Taxpayer Federation’s new National Debt Clock.  Last week the clock showed our national debt passing $500,000,000,000 dollars.  You can check out their site on Canada’s here. 
Check out [...] Read Post »

With no shortage of public anger directed at Wall Street, industry observers suggest banks start paying closer attention to the tangibles of a tarnished reputation. Among other things, a bad reputation can harm a company’s “ability to fight for what it wants in Washington,” argues Franz Paasche, corporate reputation specialist with Communications Consulting Worldwide (CCW), [...] Read Post »