Canada&#39;s Top Central Banker Says Economy Looking Best in Years
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Canadian central bank chief David Dodge told Finance Minister Ralph Goodale in July the country&#39;s chances of steady economic and job growth are the best in years, a rosier assessment than his public statements on the matter.
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OTTAWA (CP) - Weighed down by a strong dollar, the economy will grow at a slightly slower pace this year than previously thought, the Bank of Canada said Thursday.
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TORONTO (CP) - Canada&#39;s big banks, reporting year-end results over the next two weeks, will show a definite deceleration in growth, but analysts say they are still poised to ring up double-digit profit increases.
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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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&quot;The cycleâs peaking. Weâre not going to have growth like we had the rest of the year.&quot; - APJIT WALIA, ANALYST, RBC CAPITAL MARKETS.
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David Dodge, Canada's talkative central bank chief with a colourful turn of phrase, promised he'd keep his mouth shut when he retires at the end of this month -- a contrast to the frequent post-retirement comments from former U.S. Federal Reserve Chairman Alan Greenspan.
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A World Bank expert said the year 2004 is going to be a good year for China as the country&#39;s economy will grow rapidly with higher-than
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The head of the European Central Bank on Sunday called the success of the euro currency &quot;remarkable&quot; and lauded reductions in unemployment levels throughout the continent.
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Federal Reserve Board Chairman Alan Greenspan said Wednesday that the economy looks better in the short term and potentially awful in the long run.
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At a recent business summit, Vice-Premier Zeng Peiyan predicted that China will sustain an annual economic growth rate of more than 7 per cent by 2020.
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MONTERREY, Mexico  - A top U.S. Federal Reserve   official said on Monday the economy is doing well but inflation   remains a concern, in remarks that challenge views the central   bank will cut interest rates early next year.
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Alan Greenspan, once the world's top central banker, said current credit turmoil reminded him of 1987 and 1998 market crises while policymakers in Sweden and Norway saw it curbing growth in their strong economies.
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The world economy has largely absorbed the effects of high oil prices and will likely grow 4 percent this year, despite concerns about the weak U.S. dollar, the president of the European Central Bank said Monday.
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OTTAWA - David Dodge said he remained &quot;broadly comfortable&quot; with the key economic assumptions underlying the current monetary policy of the Bank of Canada, which forecasts further interest rate cuts are likely over time.
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China has succeeded in curbing investment and credit growth, and the priority now is to free up interest rates, a central banker said in remarks that may signal long-awaited capital market reforms are drawing nearer.
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The Bank of Canada rate will hit four per cent by late next year, an economist predicts. OTTAWA -- The Bank of Canada raised its key policy interest rate yesterday while hinting that this could be the start of a new upward trend in borrowing costs.
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Consumers on the Chinese mainland are most optimistic about the economic outlook of the next 12 months, according to a survey released here Wednesday by AC Nielsen.