April 2012 Canadian Economic Fundamentals
- Thread starter Ally
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The world's hottest real estate markets
Global real estate markets had a forgettable last year, with prices rising a paltry 0.5 percent, leading to gloomy forecasts for 2012. But over the past five years, prices have registered huge gains, sparking fears of an asset bubble and concerns over the impact of high household debt.
We've put together a list of the world's 10 hottest property markets based on research by global real estate consultancy Knight Frank, which ranks countries according to highest average growth in housing prices from the fourth quarter of 2006 to the same period in 2011.
Read the full article here.
Global real estate markets had a forgettable last year, with prices rising a paltry 0.5 percent, leading to gloomy forecasts for 2012. But over the past five years, prices have registered huge gains, sparking fears of an asset bubble and concerns over the impact of high household debt.
We've put together a list of the world's 10 hottest property markets based on research by global real estate consultancy Knight Frank, which ranks countries according to highest average growth in housing prices from the fourth quarter of 2006 to the same period in 2011.
Read the full article here.
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Economic recovery continues to rattle along
The world`s recovery from the worst downturn since the Depression remains a work in progress.
A number of events late this week could refuel the guarded optimism of the past two months ` or reverse it and spark fears that the rebound has hit another soft patch.
On Friday, the U.S. Labour Department publishes April employment data. The U.S. jobless rate continued to inch downward in March ` to 8.2 per cent ` but the 120,000 jobs created were the fewest in five months and a huge disappointment to Wall Street analysts.
Read the full article here.
The world`s recovery from the worst downturn since the Depression remains a work in progress.
A number of events late this week could refuel the guarded optimism of the past two months ` or reverse it and spark fears that the rebound has hit another soft patch.
On Friday, the U.S. Labour Department publishes April employment data. The U.S. jobless rate continued to inch downward in March ` to 8.2 per cent ` but the 120,000 jobs created were the fewest in five months and a huge disappointment to Wall Street analysts.
Read the full article here.
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A gloomy global outlook for jobs
Global unemployment will hit 202 million this year, or 6.1 per cent, as debt-driven austerity measures hammer job markets and threaten to drive Europe into recession, the U.N. labour agency predicted Monday.
In a gloomy forecast, the International Labor Organization predicted unemployment, which stood at 196 million at the end of 2011, would edge up further in 2013, with the long-term unemployed and young people hit particularly hard.
Read the full article here.
Global unemployment will hit 202 million this year, or 6.1 per cent, as debt-driven austerity measures hammer job markets and threaten to drive Europe into recession, the U.N. labour agency predicted Monday.
In a gloomy forecast, the International Labor Organization predicted unemployment, which stood at 196 million at the end of 2011, would edge up further in 2013, with the long-term unemployed and young people hit particularly hard.
Read the full article here.
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Economy posts surprise decline in February
Canada's economy shrank unexpectedly in February, by 0.2 per cent, as factories posted their first drop in output in six months, and mining activity plunged.
The surprise contraction followed a 0.1-per-cent increase in gross domestic product in January, Statistics Canada said Monday. Most economists had estimated the economy grew 0.2 per cent. The February drop suggests that Bank of Canada Governor Mark Carney's projection of a 2.5-per-cent annual growth rate in the first quarter will be very difficult to achieve, possibly delaying the timeline for interest-rate hikes that markets had come to expect later this year.
Read the full article here.
Canada's economy shrank unexpectedly in February, by 0.2 per cent, as factories posted their first drop in output in six months, and mining activity plunged.
The surprise contraction followed a 0.1-per-cent increase in gross domestic product in January, Statistics Canada said Monday. Most economists had estimated the economy grew 0.2 per cent. The February drop suggests that Bank of Canada Governor Mark Carney's projection of a 2.5-per-cent annual growth rate in the first quarter will be very difficult to achieve, possibly delaying the timeline for interest-rate hikes that markets had come to expect later this year.
Read the full article here.
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Bank of Canada sees firmer growth as global strains ease
The Bank of Canada said the economy will be stronger this year than it earlier forecast as companies become more confident in U.S. growth and as risks from Europe`s debt crisis diminish.
The world`s 10th largest economy will expand 2.4 percent in 2012, up from a January projection of 2 percent, the central bank said today. It raised its outlook for the contribution from corporate investment to 0.9 percentage point from 0.6 percentage point, and boosted the consumption estimate to 1.3 points from 1.1 points.
Read the full artilce here.
The Bank of Canada said the economy will be stronger this year than it earlier forecast as companies become more confident in U.S. growth and as risks from Europe`s debt crisis diminish.
The world`s 10th largest economy will expand 2.4 percent in 2012, up from a January projection of 2 percent, the central bank said today. It raised its outlook for the contribution from corporate investment to 0.9 percentage point from 0.6 percentage point, and boosted the consumption estimate to 1.3 points from 1.1 points.
Read the full artilce here.
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Are foreign investors driving up Canada's housing prices?
As debate heats up about the degree to which Toronto and Vancouver`s housing markets are overheated, there is a lot of talk about the role that foreign investment money is playing.
And it`s a bit frightening to realize that not even the government knows the answer.
Read the full article here.
As debate heats up about the degree to which Toronto and Vancouver`s housing markets are overheated, there is a lot of talk about the role that foreign investment money is playing.
And it`s a bit frightening to realize that not even the government knows the answer.
Read the full article here.
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No end in sight to global job crisis
GENEVA ` Fiscal austerity and tough labour reforms have failed to create jobs, leading to an `alarming` situation in the global employment market that shows no sign of recovering, the International Labour Organization says.
In advanced countries, especially in Europe, employment is not expected to return to pre-crisis levels of 2008 until the end of 2016 ` two years later than it previously predicted ` in line with a slowdown in production.
Read the full article here.
GENEVA ` Fiscal austerity and tough labour reforms have failed to create jobs, leading to an `alarming` situation in the global employment market that shows no sign of recovering, the International Labour Organization says.
In advanced countries, especially in Europe, employment is not expected to return to pre-crisis levels of 2008 until the end of 2016 ` two years later than it previously predicted ` in line with a slowdown in production.
Read the full article here.
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Alarm over world unemployment levels
The International Labour Organisation says the number of people out of work is at alarming levels and few new jobs are being created.
The agency said that austerity measures, especially in advanced economies, were hurting job creation.
The ILO said the situation was likely to get worse amid slowing global growth and more people entering the workforce.
Read the full article here.
The International Labour Organisation says the number of people out of work is at alarming levels and few new jobs are being created.
The agency said that austerity measures, especially in advanced economies, were hurting job creation.
The ILO said the situation was likely to get worse amid slowing global growth and more people entering the workforce.
Read the full article here.
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A housing crisis of global proportions
`It used to be easy for a young couple to find a place to live. But this new generation is coming of age without access to decent housing. Even if they get a good job, they`re priced out of the market, forced to live as adults with their parents, or settle with cramped living conditions.`
Read the full article here.
`It used to be easy for a young couple to find a place to live. But this new generation is coming of age without access to decent housing. Even if they get a good job, they`re priced out of the market, forced to live as adults with their parents, or settle with cramped living conditions.`
Read the full article here.