Toronto Debt Consolidation

TORONTO, Ontario, July 27, 2010 — The U.S. and Canadian economies will see growth slow over the next six months but are unlikely to experience a double-dip recession, finds CIBC’s Recession Probability Index.
The Index, which has a strong track record of forecasting recessions, finds the odds of another U.S. recession occurring in the next six months are very low. The CIBC RPI measures …

OTTAWA, Ontario, July 23, 2010 — For the first two months of the 2010-11 fiscal year (April and May), there was a budgetary deficit of $4.4 billion, compared to a deficit of $7.5 billion reported in the same period last year. Close to $1.8 billion of the $4.4-billion deficit was attributable to actions taken under Canada’s Economic Action Plan. By month, there was a deficit of $2.4 …

OTTAWA, Ontario, July 22, 2010 — The Bank of Canada increased the target for its trend-setting overnight lending rate on July 20, 2010, raising it by a quarter of a percentage point to 0.75 per cent. The increase follows on the heels of an equal interest rate increase in June 2010, when it was raised for the first time since 2007. The Bank rate now stands at one per cent.
In its most …

OTTAWA, Ontario, July 20, 2010 — The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent.
The global economic recovery is proceeding but is not yet self-sustaining. Greater emphasis on balance sheet repair by households, …

TORONTO, Ontario, July 14, 2010 — Canada’s outperformance versus many advanced economies is creating “staying power” for the country’s growing popularity with foreign investors, notes a new report from CIBC World Markets Inc.
” Canada is increasingly on the lips and minds of international investors,” says Warren Lovely, government strategist with CIBC’s Macro Strategy group, fresh back …

OTTAWA, Ontario, July 13, 2010 — Today, the Honourable Jim Flaherty, Minister of Finance, welcomed last night’s Senate passage and Royal Assent of the Jobs and Economic Growth Act, legislation that will help secure Canada’s economic recovery, encourage growth and create jobs.
The Act allows for the implementation of important elements of Budget 2010. Key elements of the …