Debt is necessary for households to build assets and improve human capital while for the government, it facilitates government investment in the society. Debt helps companies to grow and develop. However, excessive debt held by households, companies or the government may create potential financial or economic instability.
WASHINGTON - The Fitch credit rating agency has warned that it is reviewing the U.S. government's AAA credit rating for a
Canada's number one claim to fame is that we're a less insane version of America. We don't need to import any of the political brinkmanship that has made the U.S. government about as effectual as a two-year-old having a tantrum.
The U.S. government shutdown dominated headlines on both sides of the border Tuesday, but economists say there is little
The conundrum is that world needs strong economic growth but debts make this impossible. As "responsible" governments or individuals save to reduce debts, economic growth contracts and makes debts higher.
I find the best time to build a business is when it is ugly out there. And I haven't seen it this ugly for a very long time, if ever.
The U.S. is going through a historic debt crisis, but Canada's economy also faces an uncertain future. While the American
SYDNEY - Asian equity markets were sharply down early Tuesday as investors fearing a possible global economic slowdown continued
The primary analyst on Standard & Poor’s cut to the U.S. credit rating is a Canadian. Nikola Swann, based in S&P’s offices
OTTAWA - Finance Minister Jim Flaherty says the recent stock market turmoil may cause some turbulence for the Canadian economy