Not exact matches
CIBC isn't the only Canadian
bank to have suffered the effects of the
weak Caribbean
economy, but it has been hit the hardest
in the quarter.
A significant share of the corporate debt
in stressed
economies is now owed by companies with
weak debt servicing capacity and this could negatively affect
bank balance sheets and cut into profits, it added.
OTTAWA — The
Bank of Canada says it will likely have to keep interest rates low for longer than it expected
in the face of a surprisingly
weak economy.
With its warnings of depleted
bank reserves,
weak governance, and political uncertainty, the IMF's account reads more like the analysis of a war - ravaged economic basket - case than the prospects for a developed
economy in one of the richest economic zones
in the world.
Recent work at the
Bank of Canada and elsewhere shows that about half of the slowdown
in trade growth among advanced
economies in the post-crisis period can be explained by
weak economic activity, especially sluggish business investment.
With the UK
economy gradually picking up pace and inflation rising on the back of a
weaker currency, the UK's central
bank may finally go ahead with a rate hike for the first time
in a decade, although it is widely expected to leave the monthly government and corporate - bond purchases untouched at # 435 and # 10 billion respectively.
As long as Canada remains
weak because of low oil prices, a weakened currency and a general slowdown of the world
economy, we'll continue to see opportunities
in the beaten down Canadian
banking sector.
This remains the
weakest economy on record and, as Mark Carney noted last week
in his first press conference
in charge of the
Bank of England, those records go back more than one hundred years.
Conditions
in the real
economy are not as
weak today as they were
in 2001, but the
banks are
in worse shape.
For example, the double - digit inflation of the 1970's was caused by
banks keeping interest rates low
in an attempt to stimulate a
weak economy, at a time when imported inflation from the oil shock was high (leading to stagflation).
I see the FOMC tightening, and then abandoning the tightening early, and reverting to a
weak policy, accepting more inflation for the sake of growth
in the real
economy, and leniency to
banks that are facing tough market conditions.
However
banking crises and recession pressures have weakened its
economy and it has retrenched on its earlier quite strong commitment to renewable energy, and
in 2009 it even opposed a replacement for the Kyoto protocol, backing the
weaker non-binding Copenhagen Accord.
In the recent January edition of «On the Markets,» from the Morgan Stanley Smith Barney Global Investment Committee, the accommodative fiscal policy of both the U.S. Federal Reserve and the European Central Bank will bolster financial markets and support weak and slow - growing economies in Europe and the United State
In the recent January edition of «On the Markets,» from the Morgan Stanley Smith Barney Global Investment Committee, the accommodative fiscal policy of both the U.S. Federal Reserve and the European Central
Bank will bolster financial markets and support
weak and slow - growing
economies in Europe and the United State
in Europe and the United States.
Wars, government incompetence, political interference,
weak banking system, and a weakening
economy brought everything down
in 2008.