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It was perhaps the most shocking headline ever to appear in the Toronto Star. “Income gap isn’t growing,” it ran, citing a “TD bank report.” Sure enough, the report found that income inequality in Canada has remained more or less flat since the mid 1990s. As if that were not alarming enough, it found median household incomes in this country grew steadily over the same period, to the point where they now exceed those of the United States for the first time in nearly 30 years.
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How important is the fiscal cliff for investors? Hint: Not very
Barry Ritholtz Washington Post, December 1 2012 The “fiscal cliff” paranoia continues unabated. Apparently, it is the only thing that matters to the markets. Every twist and turn in the negotiations is crucial to the future of the republic! The Paris-based Organization for Economic Co-operation and Development predicts Canada will lead the Group of Seven industrialized economies in growth over the next half century. In a report released Friday, the OECD says it expects Canada's real gross domestic product will average 2.2 per cent growth annually over the next 50 years
Jim Flaherty’s forecast Tuesday of a weaker global economy, a bigger 2012 deficit than previously anticipated and a delay in the balancing of Ottawa books is likely to trigger the kind of headlines that get folks wringing their hands. |
AuthorRasam Hafezi: Archives
March 2015
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