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US Manufacturers Will Come out of Recession Meaner & Leaner

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Unemployment not a concern of progressive means of production in US. At a recent CAAMP (Canadian Association of Accredited Mortgage Professionals) conference in Montreal, Benjamin Tal, CIBC economist said (paraphrased) that the most significant event that will come out of the current extended period of low interest rates will be the massive re-investment by manufacturers/exporters …

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Cure for Housing Market Carries Risk

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Steve Ladurantaye, Tara Perkins, and Bill Curry The housing market that led Canada out of recession is now so hot that Ottawa is talking about doing something to cool it off, a move economists say carries risks for the economy. Fuelled by record low interest rates, residential real estate prices have gained 20 per cent this …

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A Rethinking of Monetary Policy

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OTTAWA — The Great Consensus is coming undone. By raising and lowering short-term interest rates to keep inflation moving at a targeted pace, many central bankers and academics thought they had finally found a monetary policy solution to conquer the booms and busts of the business cycle. After such failures as the gold standard and …

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Schools Have Failed on the Financial Literacy Front

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Globe and Mail Update February 23, 2009 The recent federal budget included the establishment of an independent task force to make recommendations on financial literacy, among other issues. Our organization, the Investor Education Fund, applauds this development and looks forward to working with such a committee. In the past nine years, we have learned that …

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