Archive for January, 2010
Clement Gignac and Caisse de depot
The former Chief Economist of National Bank Financial Group, Clement Gignac, will in all likelihood he entered the National Assembly as a member of the Liberal caucus June 22, and probably will join shortly after the council of ministers . It will be the Liberal candidate in the election in Marguerite-Bourgeois, the county of former Finance Minister Monique Jerome-Forget. It is a safe county. He should win easily. (more...)Tags: bonds, Finance Minister, financial markets, National Bank Financial, National Bank Financial Group
The half-truths by Jim Flaherty, it annoys you?
Monday, Finance Minister Jim Flaherty announced that the budget deficit for the current year will exceed the 37 billion earmarked in the budget. The next day he told us that this deficit will be at least 50 billion. And then tomorrow? (more...)Tags: economy., Francois Dupuis, Jim Flaherty, Minister of Finance
Unfounded attack in place of Clement Gignac
Certainly, the entrance to the National Assembly of Clement Gignac not pass unnoticed, the opposition leader, Pauline Marois, it is charged yesterday. She was accused of having betrayed the Quebec because as advisor to the Deputy Minister of Finance in Ottawa, he worked to develop a committee of Canadian Securities. Clement Gignac is the Liberal candidate in the riding of Marguerite-Bourgeois in the election on June 22
I fear that Ms. Marois hits another foul ball, as it has struck many, I fear, in recent days in an effort to revive the issue of sovereignty in Quebec, and within his party. Read the rest of this entry »
Tags: Deputy Minister of Finance, Minister of Finance, Ottawa, Pauline Marois, Pierre Brunet, Quebec
A strategic withdrawal CONSUMER
Since that time we sing the virtues of savings, Canadians seem to have collectively decided to take action. Then in 2007 they spared only 2.5% of their disposable income, they save twice today. And it will continue to increase. The savings rate hit 7% of disposable income at the end of 2009, according to forecasts of service Desjardins Economic Studies. Read the rest of this entry »
Tags: Bank of Canada, budget deficits, Canadian economy, consumer, economic recovery, Finance Minister, recession, savings accounts, stock market, tax cuts
The illusion of recovery
Everything to do to overcome the crisis without considering the consequences qu’auront longer term means used.
This approach of governments across the planet since the beginning of the economic and financial crisis last year is expected to culminate later this week when the U.S. government will release its first estimate of economic growth for the third quarter, the period ending September 30. Read the rest of this entry »
Tags: automobile industry, construction domiciliare, economic growth, economy., finance, Finance Minister, financial news, Main street, tax credits, the consensus of economists, the economic news, usa
The Caisse de depot: how are you really?
Just over six months after having narrowly avoided an inquiry and after welcoming a new president, the Caisse de depot was once again in the news last week following publication in the newspaper Press a text by Denis Lessard. The reason? Always the same, bad yields.
The scenario is almost the same as that ignited the financial press last November and which led the former president Henri-Paul Rousseau testified before the Finance Committee of the National Assembly. First, a leak from an applicant to the journalist reporting on the results known only to customers of the fund. Then, a series of statements and a few little confused with some contradictions on the part of the body and his ultimate boss, the finance minister Raymond Bachand. Read the rest of this entry »
Tags: Canadian Press, economy., financial press, Minister of Finance, Not Classified, Raymond Bachand, Sylvain Larocque -- Categories: Bank
Develop economic policies without reference point
The Governor of the Bank of Canada, Mark Carney, and Finance Minister Jim Flaherty, both appear to agree about the risks that always runs the Canadian economy and to cope they urge Canadians to reduce their indebtedness. But they certainly did not have the support of all experts.
Indeed, the finance minister has announced he wants to tighten the terms of mortgage financing in Canada. Without giving a specific purpose, the Minister informed that the first minimum downpayment of a home buyer will eventually be greater than 5% as is currently the case. Then he said that the terms of depreciation, that is to say, the mortgage maturity, which can stretch over 35 years now, will henceforth be shorter. Read the rest of this entry »
Tags: Bank of Canada, Canadian economy, Central banks, economic, government deficits
Appointments eco week …
The main appointment economic and financial monitoring for the second part of a week.
Wednesday, September 23 at 10am, will be published the PMI Euro-zone (manufacturing, services and composite); they are expected to rise and will continue to assess the extent of economic recovery. However, the great rendezvous of the day is at 20:15 and concerns the decision of rates by the Fed (U.S. central bank) should keep its main rate unchanged at 0.25. Read the rest of this entry »
Tags: economic, financial, the extent of economic
The illusion of the G20
It seems clear that this “prestigious” top twenty grouping (see 27) largest world economies will not address serious global economic dysfunction.
The main problem is probably the disorganization and lack of strict central banks worldwide. It is assumed that the bubbles in financial assets are related to excess liquidity. Surplus created by two phenomena: low rates of Western central banks for more than a decade even in phases of strong growth, but excessive accumulation of foreign reserves of exporting countries. Read the rest of this entry »
Tags: Bonus traders, of exporting, of Western central banks, The foreign exchange market
Scientific researchers: discoverers without patents? (2)
In a final section I proposed to consider – temporary assumption – that researchers Scientists are motivated to advance their reputations. Can we understand well the rules of academic research, and behavioral scientists? This hypothesis between she necessarily in conflict with the traditional goal of seeking knowledge? Read the rest of this entry »
