"It's almost an embarrassment being an American citizen travelling around the world..."
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More than 7 million Americans have been force out of the workforce in the past 16 years.
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It's the home stretch, people!
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No, Hillary isn't planning to raise taxes on the middle class.
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Only when the fruits of globalization are enjoyed by all segments of the society, especially the low-income and middle-class, would globalization be more acceptable politically and socially by broad segments of the population.
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In a world of financial and economic inter-connectedness it would be foolish to suggest that there won't be any knock-on effects from the hitherto number four largest economy worldwide in its political convulsions, but from this particular writer's standpoint, Canada's economy is sailing safely going forward.
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When unsold goods start piling up in warehouses, that’s a pretty good sign the economy is slowing down. And that’s what’s happening in the U.S. right now. The ratio of business inventories to sales ha...
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WASHINGTON — The U.S. economy grew at an even faster clip in the spring than previously estimated. But there is concern that growth slowed in the summer, held back by global headwinds and turbulent fi...
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WASHINGTON -- Steady hiring is supposed to fire up economic growth. Cheap gasoline is supposed to power consumer spending. Falling unemployment is supposed to boost wages. Low mortgage rates are suppo...
Six years beyond the onset of global crisis and the lamentation seems louder: pundits are increasingly perplexed by the planet's prolonged period of perpetual perturbations. So, does anything stand out in 2014 as an "out of the blue" development?
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Its small share of the overall marketplace might lead many to conclude that small exporters are too small to warrant attention. That would be a great mistake. The dynamism of this segment suggests that it is already a powerful new force in Canada's economy.
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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.
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As America is the world's growth engine, it's critical to know what its buyers are saying. The news is not just good; it's great. Manufacturers were discouraged by the poor winter weather, but they got over it; the index is now back to the heights seen last fall, and rising. New orders are leading the charge, up sharply in the last three months.
We expect developing markets to re-emerge. They've gone quiet in the past couple of years, weary of waiting for the world's large economies to get going again. Their recent record has persuaded pundits to throw them into the 'new normal' soup.
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WASHINGTON - The U.S. economy shrank at a steep annual rate of 2.9 per cent in the January-March quarter as a harsh winter contributed to the biggest contraction since the depths of the recession five...
Exporters are less upbeat about domestic economic conditions. The balance of opinion for this indicator was the only one to fall, edging back marginally to 13 per cent. Paradoxically, they are more positive about domestic sales, where the balance of opinion rose 9 percentage points to 43 percent of those surveyed.
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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...
The decline of the Canadian dollar is going to convince a lot of would-be cross-border shoppers to stay home, but travellers who go south to chase the sun will probably keep doing so, a report from T...
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When international trade collapsed in 2009, the Canadian economy turned inward, and for a change, discovered a steady source of growth. That source is now tapped out, and economy-watchers have for some time turned their eyes back to trade. So far, the view has been uninspiring. Will Canadian trade carry growth forward, or is our hopeful gaze in for a big disappointment?
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One brief look at Mexico's GDP numbers for 2013, and you'd likely say, "What happened?" At the outset of the year, forecasts were calling for between 3-to-4 per cent growth. Instead, the final tally is looking more like 1.2 per cent. That's a pretty sizeable miss. If lots went wrong in the year, foreign investment in Mexico wasn't on that list; in fact, it had a banner year. What's behind this success?
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Peel away the musty rhetoric, and U.S. consumers actually look remarkably well-prepared for a resurgence. First, they are saving a whole lot more than they used to. Unrevised pre-crisis data showed them saving next to nothing. Now, savings rates are just under the 5 per cent level.
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Five years beyond the economic crisis, we are still looking for that solid year of growth. It has been a long time coming, but there is a growing pile of evidence that suggests 2014 is going to mark a significant positive departure from recent experience. Here are six reasons to believe that things are finally on the up-and-up.
Exporting. Globalization. Diversification. These are big terms, and we usually associate them with big business. This overlooks one key fact: that all businesses start off as small affairs, and the same is generally true for export ventures. So, how are Canada's small exporters doing?
For all the pre-crisis talk about resource scarcity, the rarest commodity since crisis hit is confidence. But now, it's the comeback kid of the global economy: the long hibernation is over, and across a number of heavy-hitting economies, confidence is normalizing.
Leading indicators have gained more prominence in the post-crisis period, if only because the on-again, off-again economy has intensified scrutiny of shifts in momentum.If we are going to be months, or more realistically, years in unwinding extraordinary policy measures, which leading indicators can we rely on to point the way for the economy?
How the mighty are falling. Resilience was a word used liberally to boast of the BRICS countries' staying power in the post-crisis period. Many even ascribed global-growth-engine status to these rising powerhouses. But 2013 has been a second tough year for the August group, even as OECD nations are steadily returning to growth.
Employment is always a lagging indicator of the economic cycle, but today's lags are fast becoming legend. In some cases, unemployment is still rising almost five years after the onset of crisis. Will employment ever turn around, and if so, when?
Jitters about the economy's near-term future shroud the planet. The latest data aren't helping. But quietly, amid the gloom, there's a different story. Lending activity is beginning to improve.
As of December, US housing starts are just shy of the million mark, up 37 per cent over December, 2011. In contrast, Canada's January starts plunged 20 per cent compared with year-ago data, eking out just 161,000 units. Are we headed for recession while the US economy recovers?
Surprise of the year: World oil production is rising more than was forecast. A shock? No, that's what happens when prices spike. What is surprising is that it's occurring right in our backyard -- in the good ol' USA. The bottom line? How quickly we have gone from running out of oil to being awash in the stuff. Maybe the surprise is that we are surprised that history is merely repeating itself!
The New American City being held this week in Kansas City, Mo. will draw business and local government leaders from more than 50 U.S. and Canadian cities. They'll be arguing the crumbling infrastructures whose refurbishment we may view at net drains on our wallets in fact hold value and the potential for economic boom if they are properly rebuilt and maintained.
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.