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Spending one's way to growth is nothing new. What is new, and what is a first for almost any developed country is that Canada will be using both monetary and fiscal policy as a way to get the economy growing again at the expense of a balanced budget. For the economy as a whole, it is unequivocally good news.
Canada has huge potential and great planet-wide visibility as the global investment wave builds. In the time that it takes for the wave to crest, it will be important for companies, institutions and analysts to position ourselves to catch this one as best we possibly can.
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Even before the last economic cycle ended, the bell was tolling. The onset of crisis compounded the doomsaying. Me-first nationalism swept across the planet, threatening to undo the vast global integration that was the last cycle's hallmark. Is globalization dead?
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WASHINGTON - The global economy is slowly picking up steam, led by advanced economies appearing to turn the corner after five years of financial crises and recession and a continued good performance b...
2014 will be the year that workers stop sitting and taking the abuse that has been heaped on them by their employers since the financial crisis. You can only push people so far before you become the company no one wants to work for.
Overfishing, wildlife poaching, climate change etc., are not only causing species extinction, but also bringing human civilization closer to the brink of collapse. Fortunately, there is reason for hope that in the future evolution of man, human love and enlightenment will prevail over the forces of violence and destruction.
The world has become used to perpetual gloom, and those at the early end of their careers have known nothing but. Recent budding optimism stateside could be the very remedy for an increasingly tentative Canadian exporter. US sentiment is an indicator worth keeping a keen eye on.
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.
Few economies escaped the global slowdown in the summer of 2012. Mexico was a rare and notable exception. While marked deterioration in China, India and Brazil grabbed the headlines, Mexico quietly hummed along, generating remarkably smooth growth.
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 Americans, bless them, never miss an opportunity to hype a product or an issue. And the so-called "fiscal cliff" is another example of the type of drama that characterizes its noisy policy scape. Frankly, the sooner the cliff is reached the better. And Canadians have much at stake too.
The U.S. economy is careening toward the so-called fiscal cliff at a frightening pace, and it's creating a lot of concern. Will political sclerosis drive America -- and the world -- to the precipice? If it did, it would be a shame. Consumers are spending at a rapid clip. Housing markets have turned the corner. Is the present whiff of recovery incentive for action?
In the modern world of reporting news before it happens, conservative bloggers are already writing Mitt Romney's political obituary. Conservatism in the USA will face an unprecedented crisis. It is no longer a proud animal; it is a fearful one.
OTTAWA - Canada is benefiting from generally improved global conditions, but there are still plenty of risks external and internal that could derail the fragile recovery, the IMF warns in a new foreca...