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The international bank is raising the alarm about a possible housing market correction in Canada.
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The end of easy money could be challenging time as rates rise
Trade is not something we are afraid of. It is not something we oppose. But we are afraid of the sorts of rules contained within trade agreements that establish more rights for corporations. Agreements like CETA and the TPP are pushing the world in the wrong direction.
The agreement has faced opposition in Europe.
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I can understand that Alberta faces economic hardships; Prime Minister Justin Trudeau said that the cabinet meeting would examine the challenges that Alberta has to face because the price of petroleum has fallen through the floor. But in 2015-16, is the building of pipelines an appropriate remedy for the economic woes of Alberta?
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Saudi Arabia is scrambling to move away from oil.
Yes folks, we’ve become the Luke Skywalker of the world economy.
Stephen Poloz will deliver a speech in two weeks in New York on strengthening global trade.
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TORONTO — The International Monetary Fund is lowering its economic growth projections for Canada and the world. Slowing growth in global oil exports, low crude prices and weak demand for non-oil commo...
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The institution advised countries to prepare contingency plans.
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Within the past decade, awareness of the business world towards the need to empower women in the economy and workplace increased steadily. This awareness was surely inflamed by the alarming statistics on the gender gap within the economic realm.
LIMA, Peru -- International Monetary Fund chief Christine Lagarde said Wednesday that failure to take urgent action on global warming will condemn humanity to the same fate as the Peruvian poultry tha...
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OTTAWA — The International Monetary Fund cut its growth outlook for the Canadian economy on Tuesday to just 1.0 per cent for the year, due to the drop in oil prices and reduced investment in the energ...
WASHINGTON -- An International Monetary Fund official says the IMF cannot participate in another Greek bailout until Greece and its creditors make difficult decisions on economic reforms and debt reli...
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ATHENS, Greece - Greece's troubled left-wing government was seeking urgent relief from European lenders Thursday, after it pushed a harsh austerity package through parliament, triggering a revolt in t...
WASHINGTON - The U.S. economy's stumble at the start of 2015 is dragging down the world's growth to the lowest level since the Great Recession, the International Monetary Fund said Thursday.The IMF fo...
A Greek crisis cannot be good for the world right now, and we cannot/should not be mute spectators. Here are some reasons why we in Canada in particular, and the rest of the world in general, have to cautiously monitor the current events in Greece, and should try to guide or help Greece get out of the crisis before it becomes contagious. Canada already has internal financial stresses, just like many other countries around the world do, at this moment; this Greek crisis can add to external stress for many countries, and this really is bad timing, and an unwanted occurrence for the world economy.
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ATHENS, Greece - Greek Finance Minister Yanis Varoufakis resigned Monday, saying he was told shortly after Greece's decisive referendum result that some other eurozone finance ministers and the countr...
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Two remarkable developments during the past 10 days that could have a significant impact in many countries are worth a lot more attention in Canada and the United States. First, a major research document published by five top economists at the International Monetary Fund (IMF) admitted that the strong pro-capitalist policies at the centre of its activities in developing countries for the past 30 years do not work.
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WASHINGTON (AP) -- The International Monetary Fund says Greece needs debt relief and 50 billion euros ($70 billion) in new financing from October through 2018. The IMF said Thursday that Greece’s fina...
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ATHENS, Greece (AP) — Greece is set to become the first developed nation to not pay its debts to the International Monetary Fund on time, as the country sinks deeper into a financial emergency that ha...
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The International Monetary Fund just blew a big hole through trickle-down economics. You’ve probably heard of trickle-down economics: It gained popularity in the 1970s and was a major part of the pro-...
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ATHENS, Greece -- Markets tumbled Friday as investors reassessed their recent bout of optimism over the likelihood of a deal that would prevent the country from going bankrupt. The moves were stoked b...
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BERLIN - Greece's international creditors held an emergency meeting in Berlin to discuss how to push ahead bailout discussions with Athens so the cash-strapped country can get its hands on rescue mone...
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The World Bank's ambitious goal to end poverty by 2030 requires large transformations in the global political economy so everyone has a chance for a better life. According to World Bank President, Jim Kim, defeating poverty requires a surmounting push from $131 billion dedicated to development, to a trillion dollars.
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WASHINGTON -- The world's financial leaders see a number of threats facing a global economy still on an uneven road to recovery with U.S. and European officials worrying that Greece will default on it...
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It’s pretty much official: Canada's seven-year reign as a better place to find work than the U.S. is over. Canada’s unemployment rate edged higher than the U.S.’s in early 2014, and has basically sta...
The International Monetary Fund has lowered its outlook for Canadian economic growth.It describes Canada's recent performance as "solid" but says the risk to its growth has been increased by an unusal...
The Conservatives’ proposal to mandate balanced books “during normal economic times” for future governments could paint the economy into a corner, potentially allowing the government to reduce its deb...
The International Monetary Fund has issued a new warning about Canada’s housing market, saying that overheated house prices and high household debt levels are Canada’s “two main domestic vulnerable ar...
IMF Chief Christine Lagarde joins Arianna Huffington at HuffPost Live to discuss how we can get more women in the workforce and why the female labor force i
Mortgage markets growing riskier Toronto in for a ‘cooling’ this year Canada’s housing markets will cool this year, leading to a more “balanced” economy -- one that is not as dependent on growing co...