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5 Minutes for Business: Interest Rates: How Low for How Long?

27-01-2015

 

In this edition of 5 Minutes for Business, Hendrik Brakel, our Senior Director, Economic, Financial and Tax Policy, looks at the effect low interest rates will have on Canadian business.

Last week, the Bank of Canada lowered the interest rate to 0.75%, a move that no economist had predicted. The big question is what does it mean for Canadian business? The immediate effect was to weaken the dollar, which fell to $0.81. As a result, investors will move out of Canadian securities towards the U.S., weakening the loonie even further. In terms of the actual cost of business loans, we are unl ...

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News

The measures that matter: How Canada’s natural resources sector is working to protect the environment

Ottawa, December 23, 2014 — Natural resources are essential to our quality of life; they help build, fuel and feed the world. While natural resource production is needed to support growing global prosperity, it is also clear that there are implications for the environment. In a report published today, the Canadian Chamber of Commerce examines the ways in which Canadian industry and governments are addressing the environmental challenges of resource production, specifically within the forestry, mining, and oil and gas sectors.

Posted on 22-12-2014

Innovation: the future of the manufacturing sector in Canada

Ottawa, December 17, 2014 — In a report published today, the Canadian Chamber of Commerce argues that the only way for Canadian companies to compete and win in modern manufacturing is through a strong commitment to innovation. Today, however, Canada’s innovation rank—a key component of competitiveness—is troublesome. Ranked 22nd in the world by the World Economic Forum for its capacity for innovation and given a “D” grade in innovation by the Conference Board of Canada for most of the last decade, Canada has not had a company on the Boston Consulting Group’s list of top 50 global innovators since 2010.

Posted on 17-12-2014

Featured Publications

Interest Rates: How Low for How Long? (January 27)

This brief looks at the effect low interests rates will have on Canadian business.

A Look Ahead at the Global Economy in 2015 (January 13)

This brief provides an economic outlook for 2015.

View All Publications