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中國經濟衰退，加拿大因禍得福，降低通貨膨脹就靠中國了- [108] (2023-08-19 20:36:10) (0) (0)
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BANK OF CANADAINFLATIONINTEREST RATESREAL ESTATECANNABISOILGOLDNEWSLETTERSTOP PICKS ECONOMICS NEWS VIDEO Latest Videos Mortgage rate remorse Now ShowingMortgage rate remorse Mortgage rate remorse Up NextBack to the office or work from home? Back to the office or work from home? Meta continues to block news amid wildfire crisis Meta continues to block news amid wildfire crisis Gasoline price outlook Gasoline price outlook Taking Stock - Will remote work crush landlords? Taking Stock - Will remote work crush landlords? Rates will be higher for longer than the market anticipates: Comerica’s CIO John Lynch Rates will be higher for longer than the market anticipates: Comerica’s CIO John Lynch Taking Stock - A look at rent in Canada Taking Stock - A look at rent in Canada BNN Bloomberg's closing bell update: Aug. 18, 2023 BNN Bloomberg's closing bell update: Aug. 18, 2023 Deere and Co.’s third quarter earnings Deere and Co.’s third quarter earnings Estee Lauder sales, profit forecast miss: Analyst Actions Estee Lauder sales, profit forecast miss: Analyst Actions Taking Stock - Inflation ticks higher Taking Stock - Inflation ticks higher Markets wrong in expecting China to export deflation: Scotiabank economist Derek Holt Markets wrong in expecting China to export deflation: Scotiabank economist Derek Holt Despite questions about Argentina, San Juan is a favourable jurisdiction for mining: Rob McEwen Despite questions about Argentina, San Juan is a favourable jurisdiction for mining: Rob McEwen Ryan Bushell’s Top Picks Ryan Bushell’s Top Picks Ryan Bushell’s Past Picks Ryan Bushell’s Past Picks Building 1.5 million homes in ten years in Ontario will require a monumental effort: Mike Moffatt Building 1.5 million homes in ten years in Ontario will require a monumental effort: Mike Moffatt Ryan Bushell’s Market Outlook Ryan Bushell’s Market Outlook Caution around potash demand is just one of the reasons we downgraded the ag-chem sector: Analyst Caution around potash demand is just one of the reasons we downgraded the ag-chem sector: Analyst Big tech opportunities in agriculture are gaining steam that should elevate Deere's valuations Big tech opportunities in agriculture are gaining steam that should elevate Deere's valuations Shopping for stock buys in the retail sector, from Costco to Louis Vuitton Shopping for stock buys in the retail sector, from Costco to Louis Vuitton Do not touch long duration bonds right now: Phillip Toews Do not touch long duration bonds right now: Phillip Toews Hot Picks: Three stock plays from across the pond Hot Picks: Three stock plays from across the pond There will be a tremendous amount of drug development in biotech over the next few years: DRI CEO There will be a tremendous amount of drug development in biotech over the next few years: DRI CEO Today's sell-off is the market pullback we've been waiting for: Investment strategist Today's sell-off is the market pullback we've been waiting for: Investment strategist 5 things you need to know to start your trading day 5 things you need to know to start your trading day Bullish call on stocks like Apple and Amazon despite fears of higher rates for longer Bullish call on stocks like Apple and Amazon despite fears of higher rates for longer BNN Bloomberg's mid-morning market update: Aug. 18, 2023 BNN Bloomberg's mid-morning market update: Aug. 18, 2023 Add exposure to health care and energy to get through choppy times: strategist Add exposure to health care and energy to get through choppy times: strategist Hot weather conditions cutting into Canada’s chickpea yields Hot weather conditions cutting into Canada’s chickpea yields Higher oil prices are impacting Canadian refiners Higher oil prices are impacting Canadian refiners Tapestry reports Q4 earnings miss ahead of Capri Holdings merger: Analyst Actions Tapestry reports Q4 earnings miss ahead of Capri Holdings merger: Analyst Actions Google testing A.I. assistant: NYTimes Google testing A.I. assistant: NYTimes A new documentary, Billion Dollar Heist, chronicles a 2016 central bank theft and cyber crime A new documentary, Billion Dollar Heist, chronicles a 2016 central bank theft and cyber crime Canopy Growth selling its Smiths Falls facility back to Hershey Canopy Growth selling its Smiths Falls facility back to Hershey Fire insurance is the core of your policy: VP of Insurance Bureau of Canada Fire insurance is the core of your policy: VP of Insurance Bureau of Canada Odds of a soft landing in the U.S. Odds of a soft landing in the U.S. BNN Bloomberg's closing bell update: Aug. 16, 2023 BNN Bloomberg's closing bell update: Aug. 16, 2023 Consumer spending concerns weigh on Walmart bottom line: Analyst Actions Consumer spending concerns weigh on Walmart bottom line: Analyst Actions No reason for the U.S. Fed to raise rates any more: National Alliance Securities’ Andy Brenner No reason for the U.S. Fed to raise rates any more: National Alliance Securities’ Andy Brenner Online sports betting is helping us attract a new demographic: Woodbine Entertainment CEO Online sports betting is helping us attract a new demographic: Woodbine Entertainment CEO Gordon Reid’s Top Picks Gordon Reid’s Top Picks Gordon Reid’s Past Picks Gordon Reid’s Past Picks Gordon Reid’s Market Outlook Gordon Reid’s Market Outlook LME’s nickel futures are no longer fit for purpose, so we’re launching our own: Abaxx chief economist LME’s nickel futures are no longer fit for purpose, so we’re launching our own: Abaxx chief economist Walmart has done a great job of driving growth in its e-commerce business: Analyst Walmart has done a great job of driving growth in its e-commerce business: Analyst Hot Picks: Six short bets in Canadian large caps Hot Picks: Six short bets in Canadian large caps Major challenges ahead for Canada's big six banks and the TSX: Portfolio manager Major challenges ahead for Canada's big six banks and the TSX: Portfolio manager Gold is in a good place and at a great price to buy as a safe haven: Currency analyst Gold is in a good place and at a great price to buy as a safe haven: Currency analyst Today's bond sell-off is entirely rational, Fed will hike up to 6-8%: Octavio Marenzi Today's bond sell-off is entirely rational, Fed will hike up to 6-8%: Octavio Marenzi AI might be bigger than electricity, the real beneficiary is the industrial complex: Strategist AI might be bigger than electricity, the real beneficiary is the industrial complex: Strategist 5 things you need to know to start your trading day 5 things you need to know to start your trading day The Fed is not done hiking rates. We expect a short recession: Strategist The Fed is not done hiking rates. We expect a short recession: Strategist BNN Bloomberg's mid-morning market update: Aug. 17, 2023 BNN Bloomberg's mid-morning market update: Aug. 17, 2023 No central banker wants to be the one who left inflation genie out of the bottle: Ex-PIMCO head No central banker wants to be the one who left inflation genie out of the bottle: Ex-PIMCO head Banks have been raising loan loss provisions, they know what is coming down the pike: Rosenberg Banks have been raising loan loss provisions, they know what is coming down the pike: Rosenberg Bank of Ireland bank run Bank of Ireland bank run Property Report: Canadian housing starts Property Report: Canadian housing starts What to know about wills: Personal finance What to know about wills: Personal finance Retail earnings have been better than expected: KKM Financial’s Dan Deming Retail earnings have been better than expected: KKM Financial’s Dan Deming BNN Bloomberg's closing bell update: Aug. 16, 2023 BNN Bloomberg's closing bell update: Aug. 16, 2023 Target sales take a hit from pride month backlash: Analyst Actions Target sales take a hit from pride month backlash: Analyst Actions TJX shares jump on pullback from big name brands: Analyst Actions TJX shares jump on pullback from big name brands: Analyst Actions Citi economist expects U.S. Fed to pause in September and hike by 25bps in November Citi economist expects U.S. Fed to pause in September and hike by 25bps in November Creative displacement is nothing new, but AI is accelerating it: Maverix Private Equity founder Creative displacement is nothing new, but AI is accelerating it: Maverix Private Equity founder The time to invest in Europe's venture sector is actually now: Former CEO of OMERS Ventures The time to invest in Europe's venture sector is actually now: Former CEO of OMERS Ventures Greg Newman’s Top Picks Greg Newman’s Top Picks Greg Newman’s Past Picks Greg Newman’s Past Picks Greg Newman’s Market Outlook Greg Newman’s Market Outlook Shawcor was trying to be too many things, as Mattr we will pursure our future vision: Shawcor CEO Shawcor was trying to be too many things, as Mattr we will pursure our future vision: Shawcor CEO The notion that markets go up over the long term has never wavered: Strategist The notion that markets go up over the long term has never wavered: Strategist Hot Picks: Why you should sell these two stocks Hot Picks: Why you should sell these two stocks Don't change Goldman Sachs: Financial strategist on GS' internal dispute Don't change Goldman Sachs: Financial strategist on GS' internal dispute U.S. at risk of 'boom-flation' where demand spikes back up: Strategist U.S. at risk of 'boom-flation' where demand spikes back up: Strategist 5 things you need to know to start your trading day 5 things you need to know to start your trading day Top strategist on why he thinks U.S. Bancorp is one of the best financial stocks to own Top strategist on why he thinks U.S. Bancorp is one of the best financial stocks to own BNN Bloomberg's mid-morning market update: Aug. 16, 2023 BNN Bloomberg's mid-morning market update: Aug. 16, 2023 The Fed's narrative is shifting to for how long rates will stay elevated: Economist The Fed's narrative is shifting to for how long rates will stay elevated: Economist China's slowing growth to affect TSX stocks: Strategist China's slowing growth to affect TSX stocks: Strategist U.S. Stocks seeing a slowdown with the weakening Chinese economy: Market wrap U.S. Stocks seeing a slowdown with the weakening Chinese economy: Market wrap Creating a canola-based plastic alternative Creating a canola-based plastic alternative It would make sense for Alberta to look for more flexibility: Clean Electricity Regulations It would make sense for Alberta to look for more flexibility: Clean Electricity Regulations Are China's youth alright? Are China's youth alright? Canada’s housing crisis is worsening dramatically: Rental report Canada’s housing crisis is worsening dramatically: Rental report Canadian broadcasters under pressure: Analyst Canadian broadcasters under pressure: Analyst Likelihood of September rate hike up notably: CIBC Deputy Chief economist Likelihood of September rate hike up notably: CIBC Deputy Chief economist BNN Bloomberg's closing bell update: Aug. 15, 2023 BNN Bloomberg's closing bell update: Aug. 15, 2023 We're seeing a race between an economic slowdown and inflation picking up: Economist We're seeing a race between an economic slowdown and inflation picking up: Economist The Bank of Canada will likely pause in the next meeting: Economist The Bank of Canada will likely pause in the next meeting: Economist I'm not sure there's enough runway before the next election for Liberals to make progress: Nanos I'm not sure there's enough runway before the next election for Liberals to make progress: Nanos Kim Bolton’s Top Picks Kim Bolton’s Top Picks Kim Bolton’s Past Picks Kim Bolton’s Past Picks Kim Bolton’s Market Outlook Kim Bolton’s Market Outlook The U.S. does not dictate steel prices, China does: CEO The U.S. does not dictate steel prices, China does: CEO Buying opportunities in utilities, ports and Canadian energy sectors: Chief investment officer Buying opportunities in utilities, ports and Canadian energy sectors: Chief investment officer Hot picks: Three plays in consumer discretionary stocks Hot picks: Three plays in consumer discretionary stocks One way or another, the U.S. will get to the right answer on crypto regulation: Coinbase CEO One way or another, the U.S. will get to the right answer on crypto regulation: Coinbase CEO Sharpen your pencil and wait before buying the tech dip: Art Hogan Sharpen your pencil and wait before buying the tech dip: Art Hogan A 30% chance of a rate hike in September seems about right: Chief economist A 30% chance of a rate hike in September seems about right: Chief economist 5 things you need to know to start your trading day 5 things you need to know to start your trading day Mark Wiseman on why the energy transition is the new gold rush Mark Wiseman on why the energy transition is the new gold rush CONTINUOUS PLAY: ON OFF MORE VIDEO Most Popular Content Here’s what economists think China’s downturn could mean for Canada 'Canada is becoming a riskier place to insure,' says IBC vice president Full episode: Market Call for Friday, August 18, 2023 - Full episode: Market Call for Friday, August 18, 2023 Ex-Rogers CEO Joe Natale suing company for wrongful dismissal, seeking $24 million Rental costs are soaring. What can the government do? Here's what experts believe July's inflation data means for interest rates Full episode: Market Call for Thursday, August 17, 2023 - Full episode: Market Call for Thursday, August 17, 2023 Ryan Bushell's Top Picks: August 18, 2023 The line between investing and gambling comes down to earnings 'We’re not getting out of this without a recession': David Rosenberg ECONOMICS Aug 18, 2023
Here’s what economists think China’s downturn could mean for Canada Ben Cousins, BNN Bloomberg
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China is in the midst of an economic downturn that some experts worry could impact Canada’s economic situation.
The latest data show Chinese exports dropped 14.5 per cent in July, while growth in the second quarter missed expectations.
As of Friday morning, global stocks were on track for their biggest weekly loss since March as amid worries about the implications of China’s economic woes.
Foreign investors pulled more than US$208 million out of the Chinese stock market on Thursday, representing the ninth consecutive day of outflows. Meanwhile, the government began telling banks to step up intervention in the currency to prevent a rapid depreciation of the Yuan, sources told Bloomberg.
COMMODITY MARKETS COULD TAKE HIT
With Canada reliant on China as a trading partner, David Rosenberg, founder a president of Rosenberg Research, believes the domestic commodities industry could take a hit.
“Commodity markets really hitch to China and the Chinese economy is reeling, it’s not getting better and it’s probably on the precipice of heading into a recession,” he said in a Thursday television interview.
If a Chinese downturn does in fact hurt Canada’s commodities industry, Rosenberg expects a ripple effect to will felt all through the TSX.
“They still account for half of the demand for basic materials and that’s such a big component of Canadian corporate profits and such a big share of the TSX,” he said. “So when you’re drawing that chart of what’s happening with the TSX recently, you can tie right back to these escalating problems that occurred in China over the past couple of months.”
Andrew Brenner, head of global fixed income at NatAlliance Securities, said China’s economy is “in a free fall” and in need of substantial restructuring. He expects the entire world will feel the downturn, though he doesn’t expect North America to be hardest hit.
“We expect the ripple effect to be deflation worldwide and a real hard landing for Europe, because that’s where China does a lot of their business,” he said in a Thursday television interview with BNN Bloomberg.
“We expect things to really be bad in the European Union over the next six to 12 months, just because China is ceasing to be operational.”
INFLATION EFFECTS
Avery Shenfeld, managing director and chief economist at CIBC Capital Markets, said China’s economic downturn could be helpful in Canada’s fight against inflation.
“Bad news abroad is never good news for a trading country like Canada,” he told BNNBloomberg.ca. “Although we are in a point in the business cycle where we were using interest rates to slow the economy down, and to some extent, this will help that process.”
Shenfeld also doesn’t buy that Canada’s exports will be hurt substantially, but might instead shift to some growing nations.
While Canada doesn’t ship its oil or copper to China, the world price for both commodities is dependent on China as a major consumer. Shenfeld believes oil prices could drop as Chinese demand drops, which would have a ripple effect on Canada’s oil companies.
“(China’s economy is) a negative for our resource exports, but it's not as much of a negative as it would be if some of this wasn't China being supplanted by economic growth in places like Mexico, Vietnam and even India,” he said.
Jimmy Jean, vice-president, chief economist and strategist at Desjardins, also suggested China’s economic downturn could help the Bank of Canada.
“The unique inflation circumstances in China, where producer and export prices are in deflation, are reverberating externally,” Jean wrote in a newsletter earlier this week.
“Since China is a major global manufacturing hub, the price decline is influencing import price indexes in countries reliant on Chinese imports.”
Earlier this week, Statistics Canada reported July inflation of 3.3 per cent -- a slight uptick compared to June, but not enough to warrant another rate in September, most experts predict.
Related Investors should seek safety in gold amid China uncertainty: AnalystInvestors should seek safety in gold amid China uncertainty: Analyst 'We’re not getting out of this without a recession': David RosenbergBank of Montreal electronic tickerBank of Canada China leaves Canada off list of countries approved for group toursVisitors at Parliament Hill Big tech logs year's longest weekly losing streakNYSE Subscribe to BNN Bloomberg Newsletters BNN Bloomberg Personalities Weekly Guest Schedule Channel Guide Contact Us Privacy Policy Accessibility Political Ad Registry Terms & Conditions FAQ © 2023All Rights Reserved CTV News Sites
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我姓陰，陰毛的陰，我的Chat雞巴今天當機所以貼英文，各位觀眾對不起！
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[24] (2023-08-19 21:23:46)
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