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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?
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.
The Obama administration, the Harper government and the Peña Nieto administration in Mexico all hope to boost economic growth and create jobs by opening up global markets and letting the best North American firms and workers compete. Before stepping into the ring with the world's heavyweight economies, North America needs to listen to Muhammad Ali.
During recessions, American sentiment is typically volatile. One of the most remarkable recent developments in the world economy is the change in U.S. sentiment. After three failed attempts, the Conference Board Index of Consumer Confidence has finally and convincingly popped back into the "normal" zone.
The bottom line? Fiscal policy is already a drag on growth, and will be, but perhaps not for as long as many now believe, given the speed with which fiscal dynamics can flip around. Monetary policy is generally expected to tighten, but in a way that does not undermine, but rather lend support to nascent economic growth.
LONDON - The eurozone economy has passed another bleak milestone.Official figures Tuesday showed that unemployment across the 17 European Union countries that use the euro has struck 12 per cent for t...
In a few days the "fiscal cliff" deadline will arrive and potentially bring massive automatic spending cuts and tax increases to the U.S. Even if Congress and the President agree to avoid the cliff, the next crisis awaits.
It has long been said that when the U.S. sneezes, Canada catches a cold. So why have these debt-related ailments in the U.S. not afflicted the Canadian government? The answer is that Canada has been practicing what the U.S. always preached. That is why we Canucks are not jumping off cliffs or smashing into ceilings.
TORONTO - Concerns about the state of Europe's economy will run against the start of U.S. earnings season this week, which could lead to unpredictable movements in stock markets.With sparse economic d...
OTTAWA - Finance Minister Jim Flaherty is optimistic the United States will avoid the so-called fiscal cliff that many believe could trigger another recession in the world's largest economy.Flaherty s...
If you want a good way to gauge how an economy is really doing, look at the retailers working in it, what they’re selling, and to whom. If the experience of consumer goods giant Unilever is to be beli...
PARIS - The governor of the Bank of France is quoted as saying that French banks are "very solid" and capable of coping with a potential Greek debt default.Christian Noyer made the comments to the wee...