Written by Returns in Canada’s bond market exceeded the rest of the world in 2010, gaining the most in five years, and may outperform again this year amid record foreign purchases of the nation’s fixed-income securities. READ MORE »
Posts in category US Economy
Jobs report might help mortgage rates
Investors, economists and observers expected an upbeat employment report today. They didn’t get it. Mortgage rates are likely to stop rising as a result, and they might fall. READ MORE »
Snow blows city budgets
The steady onslaught of winter storms has wiped out snow removal budgets in cities and states all along the East Coast. READ MORE »
Facebook: Pay or get out
As Facebook starts to host all sorts of commerce — and is now mandating the use of its currency — perhaps it’s time to stop thinking of it as a company and start thinking of it as a country. READ MORE »
The US will continue to lose market share
The debate about the current recovery centres on whether a secular change is taking place in the United States economy. If it is not, then we should all be optimistic because peak-to-trough declines in real GDP of 4 per cent are usually followed by gains of 6-8 per cent. But the consensus view is that growth will be sluggish (2-3 per cent) and few jobs will be created. READ MORE »