Alberta adds 10,100 jobs, jobless rate falls to 4.2 per cent
Labour markets continue to tighten in Alberta, with Statistics Canada announcing in its monthly labour force survey that the province added more than 10,000 jobs in November. That dropped Alberta’s...
View ArticleScotia, CIBC offer their takes on latest ‘fiscal cliff’ drama
No deal yet folks. With just 10 days to go before we call it a wrap on 2012, U.S. House Leader John Boehner and President Barack Obama appear little closer to clinching a deal to avert the so-called...
View ArticleCIBC: Poloz appointment shows BOC will have closer ties to private sector
The appointment of Export Development Canada (EDC) chief Stephen Poloz as the new governor of the Bank of Canada comes as a real shocker to most observers. BOC veteran Tiff Macklem has long been...
View ArticleAlberta floods could shrink Canada’s GDP growth by 1% for 2013, say CIBC...
Economists Warren Lovely and Emanuella Enenajor at CIBC World Markets say the devastating floods in Calgary and other parts of southern Alberta could knock a full percentage point off of Canada’s GDP...
View ArticleToday’s analyst picks and pans
Here’s a roundup of some of the latest comments from analysts: Shawcor Ltd. (TSX:SCL) was downgraded from a “buy” to a “hold” by analyst Scott Treadwell at TD Securities. He reduced his target price to...
View ArticleWatch for first U.S. interest rate hike next March: CIBC’s Shenfeld
Watch for the Federal Reserve Board to announce the first post-recession U.S. interest rate hike next March, says Avery Shenfeld, chief economist at CIBC World Markets. “The Fed Chair (Janet Yellen) is...
View ArticleOil price pullback no big deal as weaker Cdn $ offsets price drop: CIBC’s...
Oil prices have pulled back sharply from their mid-June highs, with the October futures contract for WTI sitting just above the $93 US per barrel level in late afternoon trading Friday. The benchmark...
View ArticleFed repeats two magic words: “considerable time” before rates rise; markets...
Seldom has so much hype, hope and hysteria hinged on two simple words: “considerable time.” In the feverish build-up to today’s statement by the U.S. Federal Reserve Board’s policy setting panel, the...
View ArticleWhat to expect after Greeks reject bailout package: CIBC World Markets
Greeks voted decisively to reject a bailout package from the debt-strapped nation’s creditors on Sunday, setting the stage for another wild week in stock markets. Here’s how Avery Shenfeld, CIBC World...
View ArticleGary Lamphier: Stock markets rally as Brexit fears ease
North American stock markets posted triple-digit gains Monday after weekend polls showed support for Brexit — Britain’s potential exit from the European Union — eroding among voters. With a critical...
View ArticleGary Lamphier: Surprise OPEC deal to cap output sparks oil price rally
Alberta’s prolonged bout of economic misery is far from over, but the beginning of the end may finally be in sight. Oil prices jumped sharply Wednesday after the Organization of Petroleum Exporting...
View ArticleLeap Manifesto co-author Avi Lewis to address economics conference
Documentary filmmaker, former CBC television host and social activist Avi Lewis, co-author of the controversial Leap Manifesto, is one of the guest speakers who will address the Economics Society of...
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