Investment
IMF report cuts growth outlook for Canada to 1.0 per cent for this year
OTTAWA – The International Monetary Fund has cut its growth outlook for the Canadian economy…
Clean tech
CNN Money: Canada's Economy Is A Disaster From Low Oil Prices
The evidence of a Canadian economic train wreck just keep rolling in. This report from CNN Money mentions last week’s Bank of Canada dismal report on the Canadian economy, and goes on to add additional economic data and comment from respected investment banks around the World. The one glaring omission is any political discussion of how Canada got into this mess, and who is responsible for it.
Global
Plummeting Oil Prices Set To Continue As Canada Cringes
Regrettably, this week’s events in the oil market, provide further evidence of the dire consequences ahead for the Canadian oil economy. Oil industry bulls who have been betting on a quick rebound in oil prices are likely to get severely burned, and the prospects for the local tourism based economy are only worsening.
