News Archive: U.S.

Growth Gap Between Emerging and Advanced Nations To Remain Wide: Scotia Economics

Growth Gap Between Emerging and Advanced Nations To Remain Wide: Scotia Economics

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]

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Growth Gap Between Emerging and Advanced Nations To Remain Wide: Scotia Economics

“Canadian Companies Increasingly Look Beyond U.S. – Trade Partners are 30 Per Cent More Diversified than 10 Years Ago” CIBC World Markets Report

“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]

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Growth Gap Between Emerging and Advanced Nations To Remain Wide: Scotia Economics

European and U.S. Fiscal Restraint a Threat to Growth: CIBC

“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]

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Growth Gap Between Emerging and Advanced Nations To Remain Wide: Scotia Economics

Signs Point to Canadian Rebound after Weakest Quarter Since Recession: CIBC

The report expects Canadian real GDP to grow by only one per cent this quarter but rebound in the third and fourth quarters to bring growth for the year as a whole to 2.7 per cent. It also calls for global growth to come in at 3.8 per cent in 2011. That’s about half a point below the still relatively upbeat estimates from some international bodies like the IMF. [Click on Pic to learn more]

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Growth Gap Between Emerging and Advanced Nations To Remain Wide: Scotia Economics

RBC Refocuses U.S. Growth Strategy

“RBC remains fully committed to the U.S. market and this transaction allows us to focus our U.S. efforts on continuing to grow our two largest U.S. businesses, RBC Wealth Management and RBC Capital Markets,” said Gordon M. Nixon, president and chief executive officer, RBC. “In addition, we will maintain our existing cross-border banking platform for current and future clients with a targeted suite of cross-border products and services to meet their needs.” [Click on Pic to learn more]

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Growth Gap Between Emerging and Advanced Nations To Remain Wide: Scotia Economics

One-In-Three U.S. Consumers Have Already Cut Spending Because Of Rising Gas Prices: RBC Consumer Outlook Index

“What really stands out to us is worry about the future,” said RBC Capital Markets chief U.S. economist Tom Porcelli. “The geopolitical issues of recent weeks are seeping into expectations about markets and respondents’ financial position. The number of people who expect the value of their investments to ‘get worse’ rose to the highest level in four months. The erosion in personal finances has translated into people thinking they will have less to spend on discretionary items, and that number rose to the highest level in at least a year.” [Click on Pic to learn more]

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Growth Gap Between Emerging and Advanced Nations To Remain Wide: Scotia Economics

Manitoba’s Premier to Join Governors to Discuss Potential Spring Flooding, Long-term Water Management

The province has also announced support for the ongoing work of the Red River Basin Commission with a commitment of $70,000 toward the commission’s long-term flood solutions project. The project involves modelling Red River main stem and tributary flow reductions from upper basin water storage projects in Minnesota, North Dakota and Manitoba, and will help to determine the potential flood damage reduction benefits of such projects. [Click on Pic to learn more]

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