U.S. hiring slowed sharply in September, reports Advisor.ca.
RBC Economics downgraded its forecast for the Canadian economy due, primarily, to the ongoing weakness in the energy sector, Advisor.ca reports.
Investors were disappointed after the U.S. Federal Reserve decided not to raise interest rates, reports Advisor.ca.
The Federal Reserve has decided to keep the rate at 0.25%, reports Advisor.ca.
As it does once each quarter, the Federal Reserve will deliver a triple-dose of news Thursday afternoon—a policy statement, economic forecasts and a news conference by chair Janet Yellen. But all eyes will be on one question: Is the Fed raising interest rates from record lows?
The OECD has lowered its estimate for Canada’s economic growth this year to 1.1%—down 0.4 of a percentage point—as weakened conditions in recent months affect many countries around the world.
Will they or won’t they? Nine years after they last raised their benchmark interest rate and after months of feverish speculation, Federal Reserve policymakers this week may finally raise that rate from a record low near zero. Unless they don’t.
The federal government posted a surprise $1.9-billion surplus in 2014-2015, which brings the country’s books back into balance a year earlier than expected.
The Bank of Canada is keeping its key interest rate on hold at 0.5% and says the resource sector continues to adjust to lower prices for oil and other commodities.
The R-word. Two consecutive quarters of negative growth mean Canada is in recession. What does that mean for client portfolios?