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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...
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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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The bottom line? The world has missed its friendly giant over the past five years, but it's not dead; it has just been sleeping. Fortunately for us all, it's not just in a post-hibernation stupor; it has had a good dose of coffee, is hungry, and ready to go. Canadian exporters, get ready to take advantage.
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.
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...
Investment has been quiet -- almost asleep -- for an inordinate spell. Is it on the way back? A sleeping giant may be on the verge of awakening. When this one does rouse, it's likely to do so in a hurry. Those who are armed and ready to supply business quickly with the machinery and equipment it needs stand to win big in the next cycle.
PARIS - A leading international economy body says the global economy is beginning to rebound, but Canada is lagging several other members of the Group of Seven countries.The OECD estimates Canada's ec...
The economic and financial meteorite that crashed into the world economy back in 2008 left a massive crater. Since then, policymakers have been scrambling to fill it in. All the while, many have cast a wistful, sardonic or resentful eye at a glaring anti-crater: the mountain of money accumulating on corporate balance sheets.
Economically, Canada is doing fine and has taken action to address challenges, but a recent series of events and articles from Washington think tanks claim that the United States can fix its fiscal and economic problems by imitating Canada. Justin Bieber can sing "Never Say Never" forever, but I'll still stick with never.
This year, for the first time on record, Canadians may have exceeded their American neighbours in wealth. According to estimates from the IMF, flagged by Kevin Carmichael at the Globe and Mail, Canada...
NEW YORK, N.Y. - The debt deal rally lasted all of 30 minutes. After gaining 139 points minutes after the market opened Monday, the Dow Jones industrial average fell nearly 40 points after a key manuf...