US Debt

U.S. Brace For Possible Credit Downgrade

CP | Christopher S. Rugaber, The Associated Press | Posted 01.23.2014 | Canada Business

WASHINGTON - The Fitch credit rating agency has warned that it is reviewing the U.S. government's AAA credit rating for a possible downgrade, citing t...

Canada Needs To Be More Like The U.S. Like It Needs A Hole In The Head

Michael Bolen | Posted 01.23.2014 | Canada Politics
Michael Bolen

Canada's number one claim to fame is that we're a less insane version of America. We don't need to import any of the political brinkmanship that has made the U.S. government about as effectual as a two-year-old having a tantrum.

The Bigger Worry For Canada

CBC | Posted 01.23.2014 | Canada Business

The U.S. government shutdown dominated headlines on both sides of the border Tuesday, but economists say there is little chance of the shutdown harmin...

The Recipe for a Stable Economy in 2012: Less Debt.

Diane Francis | Posted 03.04.2012 | Canada Business
Diane Francis

The conundrum is that world needs strong economic growth but debts make this impossible. As "responsible" governments or individuals save to reduce debts, economic growth contracts and makes debts higher.

Freelancing While the U.S. Economy Burns

Bob Beaty | Posted 10.12.2011 | Canada
Bob Beaty

I find the best time to build a business is when it is ugly out there. And I haven't seen it this ugly for a very long time, if ever.

Who's In More Debt: Canada Or The U.S.?

The Huffington Post Canada | Posted 10.10.2011 | Canada Business

The U.S. is going through a historic debt crisis, but Canada's economy also faces an uncertain future. While the American government raised the debt c...

Asia Markets Free Fall, As US Debt Fears Rise

CP | Posted 10.08.2011 | Canada

SYDNEY - Asian equity markets were sharply down early Tuesday as investors fearing a possible global economic slowdown continued to flee stocks. Ja...

Meet The Canadian Who Downgraded America

Financial Post | Posted 10.07.2011 | Canada

The primary analyst on Standard & Poor’s cut to the U.S. credit rating is a Canadian. Nikola Swann, based in S&P’s offices in Toronto, was one of ...

Global Turmoil Could Affect Canada, Flaherty Says

CP | Posted 10.06.2011 | Canada Business

OTTAWA - Finance Minister Jim Flaherty says the recent stock market turmoil may cause some turbulence for the Canadian economy. But Flaherty says C...

AAA Debt Rating: What Would Life Be Like Without it?

Andrew Pyle | Posted 09.27.2011 | Canada Business
Andrew Pyle

At the end of the day there is nothing sacred about that AAA stamp on Washington IOUs. Since the popular press has done a good job in linking the Aug. 2 deadline with the future of the U.S. credit rating, many believe that getting a debt authorization increase by this date will protect it. That would be naïve.

Debt Ceiling On Twitter: Moving To Canada And Our Favourite Tweets

The Huffington Post Canada | Posted 09.26.2011 | Canada Business

Now that Washington is on the brink — with looming debt ceiling deadlines sending the Canadian dollar soaring, negotiations that start then falter, ...

Rising Gold Stocks Keep Lower TSX In Check

THE CANADIAN PRESS | Posted 09.17.2011 | Canada Business

THE CANADIAN PRESS — TORONTO - The Toronto stock market was lower Monday but losses were held in check by rising gold stocks as the precious metal m...

Bank Of Canada Facing Conundrum With Turbulance In U.S., Europe

The Canadian Press | Posted 09.16.2011 | Canada Business

THE CANADIAN PRESS -- OTTAWA - The Bank of Canada faces a conundrum. With the Canadian economy on track, it is not a question of whether the centra...

Obama Says Wealthy Must Pay Fair Share

The Canadian Press | Posted 09.15.2011 | Canada

WASHINGTON - President Barack Obama appealed for public support Saturday to push Congress to avert an unprecedented default on America's national debt...

Gold Soars To Record High

CBC | Posted 09.12.2011 | Canada Business

CBC -- The price of gold hit a record high Wednesday as investors continued to flock to the precious metal as a perceived safe haven amid global finan...