Our neighbors to the north haven't seen new highs in their
exchange traded fund (
) for nearly three years. If things keep moving in the right
direction, it may not be long before they do.
- Although The Bank of Canada said economic growth probably
slowed in the second quarter to about half the pace in the first
three months of the year, the economy needs no extra stimulus.
The news may slow the rate at which the Bank raises interest
rates, at the most.
- More than 85% of Canadian small and medium-sized businesses
are ready to deploy cash for capital expenditures, or to at least
maintain their current spending rate.
Tim Kiladze for
Globe and Mail
the small business has an affect over the economy in Canada and
business confidence is rising in this country.
Alison Lampert for
Canadian housing prices are rising faster in the resale home
market than on new homes. Over the last decade, the average cost
of a new home grew by just above 50%, while the average price of
a resale home grew by more than 100%. [
Why Our Northern Neighbors Are So Happy.
The Wall Street Journal
Canada is doing well compared to other developed markets, and the
country is punching above its world-wide economic weight class.
The mix of fundamentals including job creation, economic growth,
the stability of our financial sector, and relatively low public
debt are helping the country maintain its economic health so
Theophilus Argitus and Alexandre Deslongchamps for
BusinessWeek report that
there has been one sour note: Statistics Canada said the country
lost 9,300 jobs in July, the first decline this year, with the
unemployment rate rising to 8% from 7.9%. [
Expansion and Optimism Rule Canada.
For more stories about Canada, visit our
iShares MSCI Canada (NYSEArca: EWC)
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Tisha Guerrero contributed to this article.