The IMF Country Report for Canada published today offers some unique perspectives on the reasons for the stability of Canada’s financial system since the credit crunch began. There have no been no failures of financial institutions, no large scale bailout of banks and the financial system did not undergo severe systemic pressures like it did …
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As a resource-rich country, the Canada is heavily dependent exports.Canada exports majority of its natural resources and finished products to USA, its major trading partner.In order to analyze the latest export figures, I reviewed the “Export Instant Insight” report published by Export Development Canada (EDC). The following are some of the key points in the …
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In this post lets take to a look at the performance of the five large Canadian bank stocks and a select few ETFs using charts. This does not involve a deep technical analysis but just a simple review of these charts and making some observations. 1.Performance of five Canadian banks over the past 2 years: …
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On March 5, the Mortgage Bankers Association announced that mortgage delinquencies continued to rise in the US. The press release said “The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 7.88 percent of all loans outstanding as of the end of the fourth quarter of 2008, up …
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The sub-prime crisis that started in the US impacted most of the world’s countries including Canada. However last year the Canadian economy stayed strong relative to other developed economies. When one looks at the macroeconomic fundamentals it does not bode well for Canada in 2009. When researching into the reasons for the strength of the …
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