As the Canadian economy improves, Bank of Canada Governor Mark Carney feels confident about raising interest rates later this year, reports Greg Quinn for Bloomberg. Carney is urging companies to boost investment to regain lost competitiveness. He also believes that the recovery will be led by exports and business investment over the next few years. Canada’s total output grew 3.1% for 2010.
The Canadian Venture Capital and Private Equity Association stated that Canada’s private equity will show another strong year in 2011 on deal making in its midmarket and improving fund-raising environment, reports Pav Jordan for Reuters. So far, more private equity capital has been raised in 2011 than all of 2010 – around $5 billion in private equity was invested in Canada last year. Companies in the mid-market range, or between $100 million through $500 million, will likely experience the most attention this year as the economy builds up momentum.
For more information on Canada, visit our Canada category.
- iShares MSCI Canada (NYSEArca: EWC)
- IQ Canada Small-Cap ETF (NYSEArca: CNDA)
- CurrencyShares Canadian Dollar Trust (NYSEArca: FXC)
Read the disclaimer; Tom Lydon is a board member of Rydex|SGI.
Max Chen contributed to this article.