When this magazine was founded in 1977, the prime minister was named Trudeau. We’ve come full circle. Like his father, Justin Trudeau appears poised to chart a values-based course for Canada. And his party’s strong performance in Quebec ridings gives him leverage to promote federalism and progress toward a Canada that embraces inclusion. Economically, though, […]
Canada’s post-secondary institutions are not producing enough graduates with the right skills to drive future economic growth, warns the head of one of the country’s largest banks. CIBC chief executive Victor Dodig told The Canadian Press in an interview Tuesday that much of the country’s eventual economic success will be generated by entrepreneurs who commercialize […]
Greece struck a deal with European creditors Tuesday on economic measures it needs to make to get its next batch of bailout money, including a 10 billion-euro ($10.7 billion) cash injection for its crippled banks. Though the government of Prime Minister Alexis Tsipras had already made many of the reforms required by its third international […]
The Bank of Canada is launching what it calls an ambitious research agenda to further explore how other countries have responded to a financial crisis that has stretched conventional monetary policy “to its limits.” Senior deputy governor Carolyn Wilkins says the central bank must be innovative with its existing monetary tools — particularly since structural […]
The federal government will open its books to public scrutiny before the end of the year, Finance Minister Bill Morneau promised Tuesday after a report warned that deteriorating economic conditions could drive Canada into deeper deficits. The report by the parliamentary budget officer suggested the new Trudeau government was on track to face larger-than-expected baseline […]
Immediately after U.S. President Barack Obama denied a permit for the Keystone XL pipeline, TransCanada Corp. vowed to review all of its options. Unfortunately for the Calgary-based company, none of those options are quick, simple or sure to succeed, according to a Washington, D.C., lawyer who at one time dealt with energy issues at the […]
British Prime Minister David Cameron laid out his government’s demands for European Union reforms Tuesday, saying a looser “British model of membership” would let him argue his country shouldn’t walk away from the 28-nation bloc. Cameron said the European Union must agree to “irreversible changes” that would redefine Britain’s relationship with Brussels—and limit freedom of […]
The new Liberal government won’t support the energy sector as much as the Conservatives did, but the Canadian economy can still thrive. “The big picture, if you look at GDP growth for 2016, is GDP numbers will be more or less the same—but composition will be very different,” says Benjamin Tal, deputy chief economist at […]
A slow-down in international trade could be a harbinger of a new recession for the world’s leading economies, a leading global policy organization warns Monday. The OECD says trade figures are “deeply concerning” because the stagnating or declining rates of trade this year “have, in the past, been associated with global recession.” Read: Unemployment inches […]
Federal Reserve Chair Janet Yellen said Wednesday that an interest rate hike in December would be a “live possibility” if the economy stays on track. Yellen described the U.S. economy as “performing well” right now, with solid growth in domestic spending. At their meeting last week, policymakers believed that the threat of global headwinds had […]