Canadian Underwriter

Keyword
economy


News Earnings / Ratings

Why interest rates might not rise further

December 4, 2018 Craig Wong - THE CANADIAN PRESS

OTTAWA – The pace of economic growth in Canada slowed in the third quarter as business investment spending fell and the growth in household spending slowed, raising questions about the future pace of interest rate hikes by the Bank of

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Canada’s future M&A battleground: tech acquisitions

February 27, 2018 by Jason Contant

Natural resource industries still drive most Canadian mergers and acquisitions, but the financial services, technology and consumer industries are also expected to see a lot of M&A activity as the economy evolves, according to a new report. And one important

News Earnings / RatingsInsuranceMarkets / Coverages

Surprising growth surge forces forecasters to revisit Canadian economic predictions

September 5, 2017 The Canadian Press (CPSTF)

OTTAWA – The economy’s surprisingly powerful second-quarter performance is pushing forecasters to change their outlooks – starting with predictions for Wednesday’s central bank rate announcement. Fresh data released last week showed the economy expanded at an annual pace of 4.5

News CatastrophesInsuranceMergers and AqcuisitionsTechnology

Extreme cloud attack could pack as much of a cost wallop as Hurricane Sandy

July 18, 2017 by Canadian Underwriter

A malicious hack that fells a cloud service provider for a time has the potential to produce estimated economic losses of as much as US$53 billion, in line with the hit delivered by Superstorm Sandy, suggests a new research scenario

News Earnings / RatingsInsuranceMarkets / Coverages

Bank of Canada raises interest rate to 0.75% from 0.5%

July 13, 2017 by Canadian Underwriter

The Bank of Canada announced on Wednesday that it has raised its interest rate for the first time in seven years, to 0.75% from 0.5%. “Recent data have bolstered the Bank’s confidence in its outlook for above-potential growth and the

News Earnings / RatingsInsuranceMarkets / Coverages

Bank of Canada expected to raise its key rate for first time in nearly seven years

July 11, 2017 Craig Wong - THE CANADIAN PRESS

OTTAWA – The Bank of Canada is expected to raise its key interest rate target for the first time in nearly seven years on Wednesday following signs the economy is well on the road to recovery after the crash in

News Earnings / RatingsInsuranceMarkets / Coverages

Weaker inflation slows to 1.3%, could weigh on Bank of Canada’s rate decision

June 23, 2017 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – Steps by the Bank of Canada to prepare the country for an eventual interest rate hike are bumping up against an inflation rate that has eased up on the accelerator. Weaker year-over-year growth in gasoline prices last month

News InsuranceMergers and AqcuisitionsTechnology

Holistic approach needed to reduce confusion around cyber security, tackle inaction: Echols

June 15, 2017 by Canadian Underwriter

Tools meant to bolster cyber security are being introduced absent a holistic view, producing even more questions among already-confused businesses expecting some progress on their individual risk reduction efforts, cyber expert Michael Echols suggested Tuesday during a symposium in downtown

News InsuranceMarkets / CoveragesTechnology

Economy at risk without joint Canada-U.S. cyber defence, says former U.S. National Security Agency director

June 2, 2017 Mike Blanchfield - THE CANADIAN PRESS

OTTAWA – Canada and the United States need a new cyber defence program – like their joint Norad air defence – to prevent hackers from hobbling their economies, says the former head of the U.S. National Security Agency. Retired general

News AssociationsInsuranceTechnology

Clear, policy-driven Canadian fintech strategy needed: Toronto alliance

May 15, 2017 by Canadian Underwriter

Development of a consistently implemented, policy-driven Canadian fintech strategy focused on fostering innovation is essential and strengthening the fintech ecosystem in the Toronto area should be seen as an imperative for the country’s financial services sector and governments, contends the

News Earnings / RatingsInsurance

CIBC economist tells insurers how investment returns could be affected by ‘things that go Trump in the night’

April 26, 2017 Greg Meckbach, Associate Editor

Interest rates in Canada are predicted to stay “very low by historic standards” through the end of 2019, an economist recently told insurance professionals, while a “movement against globalization” is a concern for one of Canada’s largest carriers. Avery Shenfeld,

News Earnings / RatingsInsurance

Central bank says no rate cut considered amid stronger growth, but notes risks

April 13, 2017 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – The head of the Bank of Canada said an interest rate cut was not on the table during the central bank’s latest policy decision, but also warned of persistent risks that suggest it will not hike any time