Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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The 11 best travel credit cards in Canada for August 2023
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Interac is expanding—first up, Wealthsimple e-transfers will get easier Sep 29th
You’ve probably used an Interac e-Transfer to pay a friend back for dinner, split the rent with a roommate, send birthday money to your nephew or put money into your account at another bank. This service is quick and convenient if you’re a customer at a major bank or a credit union—but if you .... More »
5 factors that are giving the US an edge over other major economies
– canadianbusiness.com
WASHINGTON – How does the U.S. economy do it?
Europe is floundering. China faces slower growth. Japan is struggling to sustain tentative gains.
Yet the U.S. job market is humming, and the pace of economic growth is steadily rising. Five full years after a devastating recession officially ended, the economy is finally showing the vigour that Americans have long awaited.
Last month, employers added 288,000 jobs and helped reduce the unemployment rate to 6.1 per cent, the lowest since September 2008. June capped a five-month stretch of 200,000-plus job gains — the first in nearly 15 years.
After having shrunk at a 2.9 per cent annual rate from January through March — largely because of a brutal winter — the U.S. economy is expected to grow at a healthy 3 per cent pace the rest of the year.
Here are five reasons the United States is outpacing other major economies:
AN AGGRESSIVE CENTRAL BANK
“The Federal Reserve acted sooner and more aggressively than other central banks in keeping rates low,” says Bernard Baumohl, chief global economist at the Economic Outlook Group…
Europe is floundering. China faces slower growth. Japan is struggling to sustain tentative gains.
Yet the U.S. job market is humming, and the pace of economic growth is steadily rising. Five full years after a devastating recession officially ended, the economy is finally showing the vigour that Americans have long awaited.
Last month, employers added 288,000 jobs and helped reduce the unemployment rate to 6.1 per cent, the lowest since September 2008. June capped a five-month stretch of 200,000-plus job gains — the first in nearly 15 years.
After having shrunk at a 2.9 per cent annual rate from January through March — largely because of a brutal winter — the U.S. economy is expected to grow at a healthy 3 per cent pace the rest of the year.
Here are five reasons the United States is outpacing other major economies:
AN AGGRESSIVE CENTRAL BANK
“The Federal Reserve acted sooner and more aggressively than other central banks in keeping rates low,” says Bernard Baumohl, chief global economist at the Economic Outlook Group…
