Canada Recession

Was Trudeau a Disaster for Canada? Yep.

David Frum | Posted 11.28.2011 | Canada
David Frum

Three subsequent important prime ministers -- Brian Mulroney, Jean Chretien and Stephen Harper -- invested their energies cleaning up the wreckage left by Pierre Trudeau. Finally, nobody speculates any more about Canada defaulting on its debt, or splitting apart, or being isolated from all its major allies.

Sunday Roundup

Danielle Crittenden Frum | Posted 11.25.2011 | Canada
Danielle Crittenden Frum

As the economy took another nosedive this week, British Prime Minister David Cameron told the House of Parliament that our own prime minister had gotten "every major [economic] decision right." Stephen Harper returned the favor by lauding Cameron's handling of the British economy. The speech signaled the pair's unity going into the upcoming G20 summit in Cannes in November. It also sparked -- as our own Althia Raj reported -- a scramble by the NDP to make ties with the British Labor Party. In more home news, HuffPost and Indigo -- where our Editor-at-Large, Heather Reisman, is CEO -- have teamed up to observe this week's Banned Books Week. I'll be posting a different book each day that has been banned or challenged somewhere on the planet. Do your bit by choosing your own banned book, and reading it!

Canada Has Tools To Deal With New Recession

CP | Julian Beltrame, The Canadian Press | Posted 11.24.2011 | Canada

WASHINGTON - Canadian financial policy-makers ended two days of meetings Saturday expressing some confidence that European authorities have been seize...

Loonie Stays Below Parity As Markets Stay Jittery

CP | Malcolm Morrison, The Canadian Press | Posted 11.22.2011 | Canada Business

TORONTO - The Toronto stock market racked up another steep decline Friday, the third in a string of selloff days that have seen investors flee the vul...

A Stumbling G20: Can Canada Seize the Leadership Opportunity?

John Sinclair | Posted 11.15.2011 | Canada
John Sinclair

Canada helped create the G20. Can it now help re-energize its child? It boasts of dodging the financial crisis thanks to its wise regulatory stance, but so far has done little to help fill the leadership or financing gap.

Canada Could Stumble Into Recession Amid Economic Headwinds

CP | Julian Beltrame, The Canadian Press | Posted 11.13.2011 | Canada Business

OTTAWA - Canada could be the first economically advanced country to stumble into another recession, the Bank of Nova Scotia says in one of the more st...

Rachel Mendleson

Canadians' Household Debt Hits Record High | Rachel Mendleson | Posted 11.13.2011 | Canada Business

Household debt levels have reached a new high, increasing the vulnerability of average Canadians to unexpected economic shocks just at a time when unc...

Canada Could Be The First Back In Recession: Scotia

CP | Posted 11.13.2011 | Canada Business

OTTAWA - The Bank of Nova Scotia is warning that Canada could be among the first of the world's advanced economies to fall into a another recession. ...

Rachel Mendleson

Could Canada's Recipe For Recovery Lead To Debt Disaster? | Rachel Mendleson | Posted 11.08.2011 | Canada Business

Consumer spending will be a crucial part of Canada's economic recovery, economists say, but with Canadians' debt levels already at record highs, that ...

Canada's Super-Sized Economy

David Gratzer | Posted 11.07.2011 | Canada
David Gratzer

Tim Hortons is supersizing their coffee. And that's all you need to know about the Canadian economy. It speaks of prosperity at a time of unease -- a major coffee chain attempting to increase sales when the chains in other countries are laying off workers. But there are, of course, storm clouds on the horizon.

Labour Day 2011: What Has Gone Wrong in Canada for Working People?

Ken Georgetti | Posted 11.04.2011 | Canada
Ken Georgetti

One answer is the seemingly insatiable greed of the super rich. It's time for not just union members but all Canadians to demand changes. If we don't start standing up for ourselves, we'll take an even bigger fall in the years ahead.

Small Countries Weathering the Recession: Crashing and Burning or Rising From the Ashes

Andrew Cooper | Posted 11.04.2011 | Canada
Andrew Cooper

The post-Cold War years were good for the fortunes of small countries. Small states did indeed seem beautiful in the 1990s and early 2000s. The end o...

Mark Steyn's Wishful Thinking About a Doomed U.S.

Peter Worthington | Posted 11.01.2011 | Canada
Peter Worthington

Despite what Mark Steyn says about the U.S. as a nation of debt carriers, it still has more aircraft carriers than any country and can protect itself. The essential strength of America is that it's a free country with free speech and economic opportunity. And it's filled with Americans.

TD Bank Warns Canada May Be In For Recession

CP | Posted 10.24.2011 | Canada Business

A major Canadian bank says the economy ground to a halt in the second quarter and could slip into recession if the United States continues to weaken. ...

Putting Cash to Work

Andrew Pyle | Posted 10.19.2011 | Canada
Andrew Pyle

This latest go-round of negativity has nothing to do with a lack of earnings or liquidity, as we dealt with in 2008. This is all about waiting for firms to open the taps and start using their burgeoning sacks of cash. This makes the difference between a firm staying afloat and getting capsized by a rogue recession wave.

TSX, Dow End A Bad Week... Badly

CBC | CBC | Posted 10.19.2011 | Canada

North American stock markets closed lower Friday, adding to their sharp losses a day earlier. On Friday, Canada's benchmark S...

Stephen Harper and Brazil: One Step Forward, Two Steps Back?

Andrew Cooper | Posted 10.17.2011 | Canada
Andrew Cooper

Emerging economies have numerous leaders visiting them in efforts to hitch onto success and it is a very good sign that Canada is in the mix. Yet when the troubles hit, Canada will likely to return to established friends -- even when those friends have precipitated risky economic activity.

Ex-Clinton Adviser: 'Karl Marx Had It Right'

The Huffington Post Canada | Scaachi Koul | Posted 10.15.2011 | Canada Business

In light of plummeting stocks and rising joblessness, economist Nouriel Roubini isn't too optimistic on the state of the global economy. Roubini, w...

Canada Would Suffer If U.S. Debt Talks Fail

The Canadian Press | Posted 09.06.2011 | Canada

THE CANADIAN PRESS -- WASHINGTON - U.S. President Barack Obama struck a positive note on Thursday as he strode into the White House briefing room to s...

Three-Pronged Risk to Canada's Economy

Andrew Pyle | Posted 08.27.2011 | Canada
Andrew Pyle

The Bank of Canada weighed in with a few of its own comments as to Canada's economic direction and, more importantly, the challenges facing it at last week's FOMC meeting.

US Economy Slams TSX

CP | Posted 08.05.2011 | Canada Business

THE CANADIAN PRESS -- TORONTO - The Toronto stock market could be in for further losses this week and may test the lows of the year after major disapp...