Investment advisor Theo Caldwell says Canada needs its dollar to be lower than the $0.95 mark, because Canada is an exporting nation and needs its goods to be cheaper, and it could lead to job losses.
While the budget watchdog is citing Ottawa for stingy reporting, the government is taking credit for better employment figures. Investment advisor Theo Caldwell suggest the numbers can be deceptive.
Theo Caldwell on the Prime Minister's economic update; Harper was reminding Canadians that the country has weathered the economic storm reasonably well, as the Liberals push for an election.
Theo Caldwell, of Caldwell Asset Management; An optimistic monetary report from the BoC is somewhat unexpected, but the key to the whole thing is the dollar, as the rising loonie could cause problems.
Theo Caldwell, of Caldwell Asset Management; The Bank of Canada offered a rosier, revised outlook on Tuesday, saying the economy is beginning to recover.
Theo Caldwell, of Caldwell Asset Management, on the IMF's positive report - one of the few optimistic outlooks for the economy, as many G8 leaders believe trade should continue.
Theo Caldwell, of Caldwell Asset Management, explains that many had speculated North American markets had gotten ahead of themselves, causing a big sell-off on Monday and sending commodity prices on roller coaster ride.
With the Toronto stock market taking a tumble, a financial investor discusses what could be the reasoning behind the markets nosedive and whether or not Canadians are still concerned about the lagging economy.
The Bank of Canada reports that surging household debit is the greatest risk to the financial system, with level of debt-to-income reaching record of 140 per cent of disposable income.mistic.
Ontarians in the manufacturing sector continue to bear the brunt of the job losses in the country, Caldwell said. In May, economic gains were actually made in other provinces and that's reason to be optimistic.
Finance Minister Jim Flaherty is under attack after revealing that the federal deficit will be much higher than expected, and the auto bailout and EI payments are being blamed.
The results of a 'stress test' of the 19 largest banks in the U.S. will be released Thursday, and at least 10 are expected to need additional capital, possibly from the TARP program.
The politics of harmony: what sales tax harmonization tells us about the McGuinty government's relations with business, the power vacuum at Queen's Park and the federal government's approach to Ontario.
Stimulating the economy: The companies that come out of this economic downturn will be strong and the U.S. stimulus bill will do little to boost dying companies in the short term.
The U.S. president's first primetime news address did answer some questions, but didn't fully explain why the proposed stimulus package is the only solution to the economic crisis.
Although the unemployment numbers were much worse than expected, the market saw a bump on Friday. The two however are not linked as job numbers are a lagging indator and stocks are a leading indicator.
Obama's 'Buy American' trade policy: Theo Caldwell discusses the move, says it should not be in place for other countries and will drive prices up in the U.S. steel industry.