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TORONTO — A new report says Canada is one of five countries most exposed to China's slowing growth. Geneva-based asset manager Unigestion says Canada's reliance on commodity exports makes it vulnerabl...
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"Policymakers will struggle to meet such high targets without undermining progress elsewhere."
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BEIJING — China's economic growth decelerated in the latest quarter to a six-year low of 6.9 per cent despite repeated interest rate cuts and other stimulus measures. The figure reported Monday for th...
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BEIJING — China's September imports fell by an unexpectedly wide margin of 20.4 per cent from a year ago in a new sign of weakness in the world's second-largest economy. The fall in imports worsened f...
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China's staggering economic growth has been, in many ways, a boon for Canada. Put simply, China need lots of the things we have to offer like wood, metals, and potash. It also has a voracious appet...
CALGARY — Commodity prices are tanking and they're bringing Canadian markets down with them, but experts say some provinces will be feeling the pinch more than others. "It'll feel like a recession dep...
WASHINGTON - The damage spans the globe. Thailand's baht. Kazakhstan's tenge. South Africa's rand. Peru's nuevo sol. In emerging markets worldwide, currencies are plunging over fears that developing e...
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Nearly all of the sectors on the TSX closed lower on Friday.
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NEW YORK - A barrel of U.S. crude oil fell below $40 per barrel for the first time since the end of the global economic crisis. Friday's fall, to $39.86, was just the latest indicator of a vast shift...
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On Monday the renminbi (RMB -- Chinese currency) will step into Canada with the inauguration of the only RMB hub in the Americas. We know in Canada it will be greeted with fanfare, but what is less certain is whether or not Canadian exporters and international investors will take action once the celebration ends. Should they?
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TOKYO - The International Monetary Fund lowered its forecasts for global growth over the next two years, warning Tuesday that weakness in most major economies will trump gains from lower oil prices. T...
The absolute size of an economy does not portray the complete picture of a country. When a country has a large gross domestic product, it does not necessarily mean that its residents are rich. The country may have a significantly large population which will lead to low per capita income.
Clearly the Government of Canada doesn't have an HSR policy, but surely it's time it did the minimum? A basic and badly-needed step would be to lay the policy and political tracks for a future ''blue sky'' proposal regarding high-speed rail.
The world economy has been going through rapid changes for the last few decades. The emerging economies, led by China, have grown at a rapid pace. This rapid growth has led to restructuring of the wor...
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The Obama administration, the Harper government and the Peña Nieto administration in Mexico all hope to boost economic growth and create jobs by opening up global markets and letting the best North American firms and workers compete. Before stepping into the ring with the world's heavyweight economies, North America needs to listen to Muhammad Ali.
My views of China are too conflicted for me to name it as the country I most admire. However, I remain grateful that Justin Trudeau had the intellectual courage to encourage Canadians to learn from China. If we want healthy political discourse in our country, we must listen and learn when politicians answer questions with responses that are honest rather than poll tested. If our politicians are not willing to study and learn from China, Canada is not benefiting from the political leadership we need.
Nearly every speaker made reference to the disappointing global growth of recent years, and the recent slowing of Emerging Asia. Nonetheless, all took comfort in the observation that growth will be faster in the Asia-Pacific region than anywhere else on the planet. The contagion of Western pessimism seems to have stopped at Asia's door.
Sino-slowing is among the top topics on the summer chat circuit. It's a small wonder; current trends seem to break with a stunning 30-year winning streak that has set a lot of modern-day records, and...
As prosperity spreads and its economy grows there's another 600 million people in China striving to reach middle class status. While this undoubtedly creates challenges for Chinese policy makers, it represents a tremendous economic opportunity for North America, a highly favored destination for Chinese investors.
BEIJING, China - China's leaders face new pressure to stimulate a slowing economy after growth fell to its lowest since 1991, hurt by weak trade and efforts to cool a credit boom.The world's second-la...
TORONTO - The Toronto stock market piled on more losses Monday as traders continued to sell off risky assets like equities and commodities amid signs that the U.S. Federal Reserve is getting ready to...
The Chinese government would like to believe that both earthquakes were the result of the natural movement of the earth's crust -- an "Act of God." But, mounting scientific evidence suggests that the Wenchuan earthquake was more likely a man-made disaster, triggered by the nearby Zipingpu hydro power dam.
Contrary to what you might have heard, it's impossible to judge the CNOOC-Nexen affair until the public receives some clarity regarding the list of undertakings that CNOOC has promised the federal government. And when those undertakings are made public, it's going to be pretty interesting to see what kind of measures the government required of CNOOC, a Chinese state-owned enterprise, in order to create a net benefit for Canada.
Mention exchange rates and most Canadians will immediately assume U.S. dollars. With most of our trade still denominated in USD, the fixation is natural. China is seen by many as an upcoming reserve currency, but that day is still a long way off. On both Canadian and world stages, the greenback still takes the lead role. But as we move into the next growth cycle, others will play increasingly significant supporting roles.
Weakness in the developing world has had an ugly recent effect: vibrant Asian economies wilted over the summer months, and now face a less certain path in the months ahead. Vaunted as a key engine of the world economy, Asian economic powerhouses are now contributing to the pervasive sense of global gloom. Will Asia self-start, or will re-ignition require a boost from another battery?
Economists often can’t agree on where the economy will be headed next week, let alone where it will be 38 years from now, so predictions about the state of the world’s wealth in 2050 should be taken w...
We had some not so friendly news hit the wires this week regarding China. The world's largest consumer of things from the ground and largest sibling in the Asian region recorded slower-than-expected GDP growth for the second quarter: 7.6 per cent. This is the sixth straight quarter in which growth has decelerated and represents a half a per cent decline from the growth seen in Q1.
BEIJING, China - China cut its benchmark lending rate Thursday for the first time in nearly four years, adding to efforts to reverse a sharp economic downturn.The interest rate on a one-year loan will...
MUMBAI, India - A skyscraper building boom in China and India may be a sign of an impending economic correction in two of Asia's largest economies, according to a new report by Barclays Capital.Barcla...
TORONTO - The Toronto stock market advanced smartly Friday to cap off a dismal year that started with great promise and ended sharply lower amid worries that many countries could end up back in recess...
The annual Chinese-hosted World Economic Forum Summer Davos, took place recently in a rainy Dalian, which is recovering from citizen demonstrations linked to toxic leaks from a centrally placed chemic...
Should the West continue to ignore the overall needs of Africa's continental economy, then it shouldn't be surprised when it finally decides on long-term investments for natural resources that China has already set up shop and captured most of the contracts.