Design Pics via Getty Images
The international bank is raising the alarm about a possible housing market correction in Canada.
Jacky Naegelen / Reuters
Its new estimate is 0.2 per cent lower than before.
Anadolu Agency via Getty Images
Christine Lagarde will now be facing a trial in France for "negligence" after allowing a compensation payment of close to US$600 million to a French politician and businessman. Canadians would not accept that a politician, being tried for something like this, remain in power while the trial was going on.
Saudi Arabia is scrambling to move away from oil.
ANDREW CABALLERO-REYNOLDS via Getty Images
Stephen Poloz will deliver a speech in two weeks in New York on strengthening global trade.
The institution advised countries to prepare contingency plans.
ANGELOS TZORTZINIS via Getty Images
OTTAWA — The International Monetary Fund cut its growth outlook for the Canadian economy on Tuesday to just 1.0 per cent for the year, due to the drop in oil prices and reduced investment in the energ...
WASHINGTON -- An International Monetary Fund official says the IMF cannot participate in another Greek bailout until Greece and its creditors make difficult decisions on economic reforms and debt reli...
NICHOLAS KAMM via Getty Images
ATHENS, Greece - Greece's troubled left-wing government was seeking urgent relief from European lenders Thursday, after it pushed a harsh austerity package through parliament, triggering a revolt in t...
Dimuthu Jayawickrama via Getty Images
WASHINGTON - The U.S. economy's stumble at the start of 2015 is dragging down the world's growth to the lowest level since the Great Recession, the International Monetary Fund said Thursday.The IMF fo...
Milos Bicanski via Getty Images
Two remarkable developments during the past 10 days that could have a significant impact in many countries are worth a lot more attention in Canada and the United States. First, a major research document published by five top economists at the International Monetary Fund (IMF) admitted that the strong pro-capitalist policies at the centre of its activities in developing countries for the past 30 years do not work.
Shutterstock / Stephen Bures
WASHINGTON (AP) -- The International Monetary Fund says Greece needs debt relief and 50 billion euros ($70 billion) in new financing from October through 2018. The IMF said Thursday that Greece’s fina...
Handout via Getty Images
The World Bank's ambitious goal to end poverty by 2030 requires large transformations in the global political economy so everyone has a chance for a better life. According to World Bank President, Jim Kim, defeating poverty requires a surmounting push from $131 billion dedicated to development, to a trillion dollars.
WASHINGTON -- The world's financial leaders see a number of threats facing a global economy still on an uneven road to recovery with U.S. and European officials worrying that Greece will default on it...