Wednesday, June 22, 2011
Canada Leading The Way In Global Economic Recovery: Desjardins
According to a new study released by the Desjardins Economic Studies team some industrialized countries are displaying signs of economic weakness, but the report indicates that this is not necessarily a trend.
"Growth should firm up in the second half of the year and continue in 2012, without being outstanding," stated François Dupuis, Desjardins Group Vice-President and Chief Economist. Leading the way, as an example of just this, is the Canadian economy, where a recovery is underway. Although things are definitely picking up in this country, Desjardins warns that there is still much work to do ahead- and that there may be some bumps along the way. There will be challenges presented by “the winding down of government stimulus plans, budget cuts, as well as a currency whose high value is still hurting exports.”
There are also fears that a looming interest rate hike will put downward pressure on the Real Estate market.
Analysts encourage businesses- and the general population for that matter- to continue to invest. “Economic growth has been revised from 3.0% to 2.9% for 2011 due to temporary weakness this spring; for 2012, growth is maintained at 2.7%," emphasizes Yves St-Maurice, Director and Deputy Chief Economist at Desjardins Group. “
The high price of oil has been of benefit to Newfoundland and Labrador- as well as Alberta. There is expectation as well that British Colombia may get a shot in the arm from massive reconstruction efforts underway in Japan to rebuild after the earthquake, through the end of this year- and in 2012 as well. They feel that, eventually, Ontario will benefit again from the auto industry. Although new home building has not slowed down as of yet, they feel that it is only a matter of time.
Consumer spending fared worse in Quebec than it did in other provinces, mostly due to a 1% increase in QST.
Analysts feel that the economic damage done by the earthquake in Japan, while far-reaching and tremendously impacting is short term. “The damage done by Japan's earthquake and tsunami on March 11, and problems that have arisen at a number of nuclear power plants have had repercussions on the global economy. A number of industrialized nations will have their economies slowed this spring by the collateral impacts of these recent events. However, the effects will be temporary. The rebuilding efforts needed will have a positive impact around the world in the second half of the year. “
With inflation on the rise, most central banks are utilizing caution in terms of raising interest rates and monetary policy. Both the UK and Canada are not expected to raise rates until the end of the summer at the earliest.
Related Articles
Outlook Optimistic for Canadian Real Estate: Survey
Canadian Chamber of Commerce Reports Canada's Economy On Way To Recovery
Canada Bucks Inflation Trend
New Brokerage Model Registered
Canada Independent Mortgage Brokers to Remain Strong in 2011 Despite the Decline of U.S. Brokerage Market, says Report
"Growth should firm up in the second half of the year and continue in 2012, without being outstanding," stated François Dupuis, Desjardins Group Vice-President and Chief Economist. Leading the way, as an example of just this, is the Canadian economy, where a recovery is underway. Although things are definitely picking up in this country, Desjardins warns that there is still much work to do ahead- and that there may be some bumps along the way. There will be challenges presented by “the winding down of government stimulus plans, budget cuts, as well as a currency whose high value is still hurting exports.”
There are also fears that a looming interest rate hike will put downward pressure on the Real Estate market.
Analysts encourage businesses- and the general population for that matter- to continue to invest. “Economic growth has been revised from 3.0% to 2.9% for 2011 due to temporary weakness this spring; for 2012, growth is maintained at 2.7%," emphasizes Yves St-Maurice, Director and Deputy Chief Economist at Desjardins Group. “
The high price of oil has been of benefit to Newfoundland and Labrador- as well as Alberta. There is expectation as well that British Colombia may get a shot in the arm from massive reconstruction efforts underway in Japan to rebuild after the earthquake, through the end of this year- and in 2012 as well. They feel that, eventually, Ontario will benefit again from the auto industry. Although new home building has not slowed down as of yet, they feel that it is only a matter of time.
Consumer spending fared worse in Quebec than it did in other provinces, mostly due to a 1% increase in QST.
Analysts feel that the economic damage done by the earthquake in Japan, while far-reaching and tremendously impacting is short term. “The damage done by Japan's earthquake and tsunami on March 11, and problems that have arisen at a number of nuclear power plants have had repercussions on the global economy. A number of industrialized nations will have their economies slowed this spring by the collateral impacts of these recent events. However, the effects will be temporary. The rebuilding efforts needed will have a positive impact around the world in the second half of the year. “
With inflation on the rise, most central banks are utilizing caution in terms of raising interest rates and monetary policy. Both the UK and Canada are not expected to raise rates until the end of the summer at the earliest.
Related Articles
Outlook Optimistic for Canadian Real Estate: Survey
Canadian Chamber of Commerce Reports Canada's Economy On Way To Recovery
Canada Bucks Inflation Trend
New Brokerage Model Registered
Canada Independent Mortgage Brokers to Remain Strong in 2011 Despite the Decline of U.S. Brokerage Market, says Report
The Model: Searching for a perfect love shack?
A little bit of his. A little bit of hers. A touch of theirs thrown in for good measure. The iCouple model at iLoft was designed specifically for a young professional couple. With that in mind, the designers aimed to bridge masculine and feminine, while embracing hip urban loft living with a clean, contemporary style. “It’s professional but not stuffy,” says Anwar Mekhayech, who designed the space with Andrew Bottecchia, both of The Design Agency. “It’s kind of playful, with art and splashes of colour. Urban and playful, but professional at the same time.” The 1,010-square-foot two-storey space features a comfortable European-inspired style, with an open, airy feel and little clutter. While the design looks high-end, Mr. Bottecchia adds everything was chosen to keep it affordable — perfect for a stylish young couple on a budget. Suites at iLoft, by developer Camrost Felcorp, range in size from 720 to 1,125 sq. ft. and in price from $329,900 to $482,900. The sales office is located on the fourth floor at 185 Legion Rd. N., Etobicoke. It’s open Monday to Thursday from noon to 6 p.m. and weekends from noon to 5 p.m. For information, call 416-251-8888 or visit iloft.ca.
1. A glass top and base with chrome in between: Everything about this dining table from Casalife is reflective and “floaty,” explains Mr. Bottecchia — attributes that contribute to the suite’s lofty feel. A built-in Lazy Susan in the centre of the table is perfect for a dinner party. Swivel those canapés this way!
2. Tucked into one corner of the kitchen, the multi-functional desk is the perfect place to pay bills, do work at home or even eat your breakfast. From Ikea, it’s also affordable, but the black tempered-glass top “gives it a little bit of a bump” style-wise, Mr. Bottecchia says.
3. A pop of red’s sure to brighten your day — even if you’re stuck at home getting work done. The moulded plywood desk chair from West Elm scoops your back for comfort. “It’s a very Danish design element,” Mr. Mekhayech says.
4. It’s clear from the art (silkscreen posters of Canadian bands, purchased at Telegramme Prints) that the homeowners here love music. And maybe moose, too? The whimsical faux moose head comes from West Elm. “This is a young professional couple that’s hip and urban at the same time,” Mr. Mekhayech explains.
5. Red and orange are gender-neutral accents throughout the suite. This table from Casalife, featuring a red tempered-glass top and base, mimics the shape of the dining table, and it’s versatile. The telescopic base can move up or down.
6. “It’s like a nesting table,” Mr. Bottecchia says of the Casalife coffee table. The glass tabletops can be swung around to increase the reach and surface space during parties. Guests need somewhere to place their cocktails, after all.
Posted in: Condos, Posted Homes Tags: Condominium, The Model
Subscribe to:
Posts (Atom)
