Indeed, government-picked advisers at the National Roundtable on the Environment and the Economy have told the minister that warmer temperatures will cost Canada and its people about $5 billion a year by 2020 and will soar to as much as $43 billion a year by 2050.
Province's Employment Level Hits Seven Month High: Bjornson New figures from Statistics Canada show new growth in Manitoba's labour market as the...
Large financial institutions see Manitoba as a ‘gateway to the west’ and are increasingly targeting the province’s niche financial services sector. [Click on Pic to learn more]
Canada also faces stiffer headwinds, with the renewed slumps in the United States and Europe dampening non-resource shipments. Some softening in employment conditions and a more subdued housing market will contribute to the lower growth profile, though the buoyancy in resource-producing regions that is being underpinned by continuing large investments will remain an important contributor to growth. [Click on Pic to learn more]
“The main catalyst here is the surge in exports to emerging markets and the significant decline in exports to the U.S., which are currently back to the pre-NAFTA levels,” says CIBC Deputy Chief Economist Benjamin Tal. “At this rate, the U.S. share of total exports will fall to 60 per cent by the end of the decade, with emerging markets picking up nearly 90 per cent of the gain.” [Click on Pic to learn more]
Despite this setback, RBC expects Manitoba’s GDP growth to slightly outpace the national average, as strong mining and manufacturing activity drives the province’s growth rate to 2.8 per cent in 2011. [Click on Pic to learn more]
Two-thirds (64%) of Manitoba and Saskatchewan residents are moving on to larger or more luxurious homes and many are moving earlier than they originally planned. People in Manitoba and Saskatchewan were among the most likely to say that market conditions played a factor in their decision to buy another home (28% versus 21% nationally). [Click on Pic to learn more]
“Modest deterioration in Manitoba’s measures could have contributed to some cooling in home resale activity during the spring. However, major flooding in the province likely caused more significant disruption in certain areas,” said Robert Hogue, senior economist, RBC. Includes Highlights from across Canada. [Click on Pic to learn more]
Includes: Trends in 2011, Select City Comparisons, Labour Force Data, Real Estate & Building Data, and much more. [Click on Pic to learn more]
PwC also expects Canada’s Western provinces to be especially resilient and will likely outperform certain global deal markets, like the US and the UK. Wealth created from the “financialization” of commodities is anticipated to spur growth in the local consumer and energy sectors. [Click on Pic to learn more]
“For the U.S. economy, investors should actually prefer an extension of the debt ceiling without the grand bargain on restraint, if the latter would impose significant cuts to spending or tax hikes in the near term,” says Avery Shenfeld, Chief Economist at CIBC. “America’s biggest challenge isn’t its deficit, but getting growth reignited to the pace at which the economy can tolerate a smaller role for government.” [Click on Pic to learn more]
The global economic recovery is proceeding at a solid pace, with developing economies driving global growth. TD Economics expects global growth to come in just below 4% for 2011, slightly below the robust rate of 4.5% in 2010. [Click on Pic to learn more]
