Gloom Grows Canadian Economy
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The value of Canadian factory shipments dipped unexpectedly in December in another sign that the once booming economy is starting to weaken under the weight of a strong currency.
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For some thinkers, Canada is in decline, or at the very least, has fallen short of their aspirations.
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WASHINGTON -- Strained by an ailing housing market and credit woes, the economy in 2007 is expected to log its worst growth in five years and should be somewhat sluggish next year.
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It sounds worse than it is. RBC Financial Group has downgraded Manitoba&#39;s GDP prospects for 2004 to 3.1% from 4.1%, blaming weaker than expected employment growth and a bad summer for farmers.
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The chances of an economic recession  are increasing as troubles in the housing sector and credit  markets take their toll, according to a survey of economists  released on Monday.
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TORONTO (CP) - Canada&#39;s international economic competitiveness has sagged again, according to the annual global competitiveness report released Wednesday by the World Economic Forum.
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Investor's Business Daily - A U.S. slowdown in the 1st half of '08 could hit Canada's growth harder than was expected just a few months ago, Bank of Canada Gov. David Dodge said. The U.S. is Canada's top trading partner. Last week's gloomy U.S. jobs report raised concerns about a recession there. The Canadian economy has been hurt lately by the strength of its dollar vs. the U.S. dollar. Dodge said that the Canadian currency's strength was "having a slightly greater downside impact on our domestic inflation than we expected last October."
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The economy nearly stalled in the first quarter with growth slowing to a pace of just 0.6 percent. That was the worst three-month showing in over four years.
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The US fiscal and current account deficits, and low interest rates, are driving the greenback down against other currencies but it is difficult to predict how fast and far it will go, Bank of Canada Governor David Dodge said on
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Japan&#39;s central bank offered a bleaker assessment of the country&#39;s economy Friday for the first time in more than a year and a half, citing weaker industrial production and slowing export growth.
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Business & money: Fears grow of market turbulence stunting global growth.
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OTTAWA (CP) - Although oil prices, the loonie and interest rates are all headed higher, Canadian consumers are keeping their chins up, says the Bank of Canada.
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Mad cow disease and drought hit Canadian farmers hard in 2003, pushing their net cash income down to the lowest level since 1978, Statistics Canada reported Thursday.
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Reports on factory orders and the labor market  portrayed an economy that is skirting recession as attention shifts to government figures on employment to be released Friday.
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TORONTO (CP) - Led by oil-rich Alberta and the other western provinces, Canada&#39;s economy is forecast to grow by 3.1 per cent this year and 3.6 per cent in 2005, Royal Bank says in its latest economic forecast.
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The economy almost stalled late last year, with its worst growth rate since 2002.
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Americans have turned markedly gloomier about the economy in recent months, a shift that is reshaping a presidential campaign long dominated by the war in Iraq and national security concerns.