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Global Financial Crisis

Why We Can't Afford to Spend Our Country Out of Debt

Doug O. Jones | Posted 04.30.2013 | Canada
Doug O. Jones

With GDP forecast to grow by a mere 1.6 per cent this year, our governments (both provincial and federal) need consumers to keep on spending to prop up the economy. They need this while they, themselves, are struggling with ballooning deficits and debt loads.

Our Job Deficiency: A Challenge to the IMF-World Bank

Bessma Momani | Posted 04.29.2013 | Canada Business
Bessma Momani

At the IMF-World Bank meetings this past week, there were plenty of assessments of the state of the global economy that described the post-2008 recovery as anemic. Only a few went so far as to claim that the global economy is comatose. Yet, despite general agreement on the diagnosis, there was little consensus on how to solve the problem.

Canada Registered No Real Growth Since Recession Began

The Huffington Post Canada | Daniel Tencer | Posted 10.24.2011 | Canada Business

Canada's real economy was smaller in the first half of this year than it was before the start of the North American recession four years ago, an analy...

Ex-Clinton Adviser: 'Karl Marx Had It Right'

The Huffington Post Canada | Scaachi Koul | Posted 10.15.2011 | Canada Business

In light of plummeting stocks and rising joblessness, economist Nouriel Roubini isn't too optimistic on the state of the global economy. Roubini, w...

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...

'Total Fear': Dow Wipes Out 2011 Gains

CNN | Posted 10.04.2011 | Canada Business

Whoops! There goes any progress stocks made in 2011. Stocks plunged Thursday, with the Dow tumbling 500 points just before the close, as fear about th...