The Brexit vote brought about plenty of reaction on the international stage when a majority of U.K. voters sided with leaving the EU. In Canada, Brexit is already affecting the Loonie, it could have an impact on our real estate market and it may alter some of our travel plans.
Turmoil across the pond – a majority of British voters have thrown their support behind a Brexit following a referendum on the subject on June 23rd. We take a look at just how the UK’s departure from the European Union would affect Canada.
European bond pricing plays a big role in the affordability of Canadian mortgage rates. As the ECB utilizes more QE measures, Canadian bonds, and rates, are pushed even lower. Read on to learn more.
Will Greece leave the Euro? As the nation’s new prime minister challenges the austerity conditions placed on their bailout, it’s increasingly unclear what’s in store for Europe’s overall economy – and how trade partners like Canada will be affected.
Headlines have touted a recovery from recession in the Eurozone, but the region is still plagued by record high unemployment, deep debt and austerity measures. Are better times really on the horizon?
Cyprus is the latest EU nation to experience a bailout crisis, and controversial measures have been put in place to save its economy. How will the financial fate of this tiny island nation affect Canadians and economies worldwide?
In the latest development in the EU financial crisis, ECB President Mario Draghi has promised new intervention tactics to boost the lagging economy – but anything proposed won’t take hold until September. As global markets continue to sink, EU residents are wondering – what measures would actually cause change and get Europe’s economy back on track?
Canada continues to be affected by a dampened outlook on the global economy as the Bank of Canada announced today that it would hold its rate due to lower-than expected economic growth since its April report.
It’s been a morning of change for the EU as a surprising decision was made at the 20th economic summit of European leaders. In the most anti-austerity move to date, the ECB is now able to directly fund the banks of nations in economic need – without the restrictions of deficit increase or troika oversight. It’s a move with particular payoffs for Spain and Italy – and a big step back for pro-austerity Germany.
Spain is the latest EU nation to be bailed out – to the tune of 100 billion Euros. While the news caused an increase in investor confidence, what are the implications of such a move for the European economy – and Canada’s as well? Is this a signal that Europe’s financial woes should be increasingly considered a “global problem”?