Canadian Economy | MJ Economics

Posts Tagged ‘Canadian Economy’

Looks like the Fed did not buy the NBER “end of recession” news…

Yesterday the Fed indicated that they would keep their rate stable. No news there as they said since the beginning of the crisis that they would keep their rates low for an “extended period”. But what is interesting (but not surprising) is their indication that, fearing deflation like the plague, they are prepared to provide additional support to the economy via large-scale purchases of Treasuries (QE). They had already done it on a smaller scale last month using their proceeds from mortgage backed securities to buy Treasuries.

I know it’s not customary to find people like central bankers very funny but …

Wednesday, September 22nd, 2010 Tags: Bank of Canada, Canadian Economy, debt, Financial Crisis, recession, world economy, world recession
Category: Economic Recovery, Monetary Policy No Comments

Bank of Canada raised overnight rate to 1% – amidst uncertain future outlook

The Bank of Canada is the only central bank among the G7 that raised its overnight rate this month. The hike was based on a “stronger” economy in Canada and some “better than expected” jobs data from the US so Mr. Carney felt he still had room to tighten monetary stimulus. An overnight rate of 1% is still very low by all measures but it is a slower rate of credit expansion which is the only thing you need to slow the housing market for example (it has already started).

Looking at the big picture, the question one should ask …

Wednesday, September 8th, 2010 Tags: Bank of Canada, Canadian Economy, Central banks, Financial Crisis, Interest Rates, Money printing, Prime interest rate
Category: Monetary Policy No Comments

Some recovery! – Fed preparing for “QE Lite”?

There are a lot of talks about the Fed’s meeting next week, especially about some money printing – QE Lite as some have called it (instead of full throttle QE2).

Wednesday, August 4th, 2010 Tags: Canadian Economy, Canadian stimulus, Financial Crisis, Inflation and deflation, Money printing, printing money, stimulus package
Category: Economic Recovery, Monetary Policy No Comments

Refusing to be Counted or The Canadian Census Saga

I find this sage of the census in Canada quite interesting as it reveals how for most people the concept of freedom and individual liberties are foreign concepts. Intellectuals and academics are of course appalled as they rely on those data to entertain their research projects which are of course financed… you guessed it… by the state. Or special interest groups (industries, institutions, etc.) who need those data for … you guessed it… obtaining financing from the state. If a group need data it’s because they will have assessed that it’s a good investment, they will pay for it.

The fact …

Thursday, July 29th, 2010 Tags: Canadian Census, Canadian Economy, Census in Canada
Category: General 3 Comments

Posts Tagged ‘Canadian Economy’

Looks like the Fed did not buy the NBER “end of recession” news…

Bank of Canada raised overnight rate to 1% – amidst uncertain future outlook

Some recovery! – Fed preparing for “QE Lite”?

Refusing to be Counted or The Canadian Census Saga

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