Craig Alexander

Craig Alexander News

  • Wealthy Global Buyers Favoring Montreal Spur 17% Gains

    Fabien Ricard and Richard Montoux bought a four-bedroom brick row house with a butler’s pantry in Montreal’s Westmount district this year. The couple from France chose Montreal over Toronto or Vancouver, saying its boutiques and bilingual culture made the metropolis more international.

  • Bank of Canada Drops Bias to Lift 1% Policy Rate

    Bank of Canada Governor Stephen Poloz surprised investors by dropping language about the need for future interest rate increases, a move that’s leading to investor speculation about possible rate cuts.

  • Banks Get Calls Seeking BoC Candidate Better Than Macklem

    The company hired to find a replacement for departing Bank of Canada Governor Mark Carney is looking for a star external candidate, even as consensus builds around Senior Deputy Governor Tiff Macklem as the front-runner for the job.

  • Carney to Leave Canada Policy Unchanged in Final Forecast

    Mark Carney will offer his last major economic forecast as Bank of Canada Governor today while probably keeping interest rates where they’ve been since September 2010 and signaling his replacement will also have little need to act.

  • Bank of Canada Starts Search for New Governor

    The Bank of Canada has started the formal process to replace Governor Mark Carney, who is leaving in June to lead the Bank of England.

  • Toronto-Dominion Bank Cuts 2011, 2012 Canada Economic Growth Forecasts

    Toronto-Dominion Bank, Canada’s second-largest lender, reduced its forecast for the nation’s economic growth this year and next to reflect a U.S. economy that had a deeper recession than previously reported, according to Craig Alexander, the bank’s chief economist.

  • Quebec Must Use Low Interest Rates to Pare Debt, RBC Chief Economist Says

    Quebec must take advantage of low interest rates to reduce its debt burden at a time when global investors are driving up borrowing costs for other indebted governments, Canada’s top bank economists said.

  • Deepening Global Strains to Extend Carney’s Rate Pause

    Bank of Canada Governor Mark Carney will extend the longest interest-rate pause since the 1950s amid signs of deepening strains in Europe and the U.S. while still saying his next move will be an increase, economists said.

  • Flaherty and Provinces Agree to Consider Boosting Public Pension Benefits

    Canadian Finance Minister Jim Flaherty and most of his provincial counterparts agreed to look at boosting contributions and benefits for the country’s national public pension system and to increase the role of financial institutions in running pension plans.

  • Canada Agency Says Finance Safe Amid Expansion: Mortgages

    The Canadian housing agency’s vulnerability to mortgage defaults has soared nine-fold in 20 years, approaching levels reached by Fannie Mae and Freddie Mac in the U.S. at the height of the housing boom. Canada Mortgage & Housing Corp. says its finances are secure unless the country plunges into deep recession for several years.

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