Global economy to grow 3.5% this year: IMF
China’s resilience, rising commodity prices, and sturdy financial markets provide sunnier outlook.
IMF cuts Canada’s growth estimates for 2016-17
Part of global trend marked by slowing global oil exports, low crude prices and weak demand for commodities.
Big investment in rail, ports needed in the West
Pressure is on to meet growing demand for commodities.
2 years-plus to adjust to commodity price decline: BoC
Tumbling resource prices have cost $1,800 for every Canadian.
Energy pressures to drive Canadian dealmaking in 2016
Primary driver will be the slump in commodities prices.
Canada one of the top five countries most exposed to Chinese slowdown
Reliance on commodity exports makes Canada vulnerable as Chinese demand for oil, metals and other raw materials falls.
BoC holds 0.5% rate as resource sector adjusts
Lower dollars absorbs some of the impact of lower commodity prices.
Commodities drop will pain some provinces
Alberta, Saskatchewan and Newfoundland-Labrador will be especially hard hit.
World Bank forecasts lower global growth
Economic expansion forecast reduced to 3% from 3.4%.
Europe recovery will fuel Canadian export lift: CIBC
A 2% boost plus increased demand for commodities in China.
China’s economic growth slows further
Country’s trade weakens and the government has clamped down on credit boom
Commodity prices rally in March: Scotiabank
But markets skittish following gold sell-off and softer Chinese GDP.
Traders expect BoC to hold line on rates
After weak employment report, rate hikes are likely further away than previously thought.
Jobs, spending on the line as Newfoundland and Labrador drifts in red ink
Public service layoffs and program cuts have already started as anxious workers wait for more bad news.
ThyssenKrupp cuts at least 2,000 jobs
Cuts part of drive to save company $675 million.