European Economy

Is North America Ready for the Ring, or the Gym?

Christopher Sands | Posted 02.05.2014 | Canada Business
Christopher Sands

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.

Breakthrough: U.S. Confidence Finally Returns

Peter Hall | Posted 12.03.2013 | Canada Business
Peter Hall

During recessions, American sentiment is typically volatile. One of the most remarkable recent developments in the world economy is the change in U.S. sentiment. After three failed attempts, the Conference Board Index of Consumer Confidence has finally and convincingly popped back into the "normal" zone.

Policy Will Drag on Economic Growth, But Not For Long

Peter Hall | Posted 09.23.2013 | Canada Business
Peter Hall

The bottom line? Fiscal policy is already a drag on growth, and will be, but perhaps not for as long as many now believe, given the speed with which fiscal dynamics can flip around. Monetary policy is generally expected to tighten, but in a way that does not undermine, but rather lend support to nascent economic growth.

The Contagion Spreads

CP | Pan Pylas, The Associated Press | Posted 06.02.2013 | Canada Business

LONDON - The eurozone economy has passed another bleak milestone.Official figures Tuesday showed that unemployment across the 17 European Union countr...

How Canucks Avoided the Fiscal Cliff

Pierre Poilievre | Posted 02.27.2013 | Canada Business
Pierre Poilievre

In a few days the "fiscal cliff" deadline will arrive and potentially bring massive automatic spending cuts and tax increases to the U.S. Even if Congress and the President agree to avoid the cliff, the next crisis awaits. It has long been said that when the U.S. sneezes, Canada catches a cold. So why have these debt-related ailments in the U.S. not afflicted the Canadian government? The answer is that Canada has been practicing what the U.S. always preached. That is why we Canucks are not jumping off cliffs or smashing into ceilings.

Looking For A Sign

CP | David Friend, The Canadian Press | Posted 12.07.2012 | Canada Business

TORONTO - Concerns about the state of Europe's economy will run against the start of U.S. earnings season this week, which could lead to unpredictable...

There's The Danger To The Global Economy

CP | The Canadian Press | Posted 12.03.2012 | Canada Business

OTTAWA - Finance Minister Jim Flaherty is optimistic the United States will avoid the so-called fiscal cliff that many believe could trigger another r...

Europe Becoming Third World, Consumer Goods Giant Suggests

The Huffington Post Canada | Daniel Tencer | Posted 08.29.2012 | Canada Business

If you want a good way to gauge how an economy is really doing, look at the retailers working in it, what they’re selling, and to whom. If the ex...

Bank Of France Governor Calls French Banks 'Very Solid'

CP | The Associated Press | Posted 11.25.2011 | Canada Business

PARIS - The governor of the Bank of France is quoted as saying that French banks are "very solid" and capable of coping with a potential Greek debt de...