Archive for June, 2009
Carney delivers reality check on economy
Mark Carney, the Bank of Canada governor, suggested Thursday the markets might be premature in their enthusiasm about improving economic conditions, and are underestimating how long it will take for the global economy to heal. His remarks, made in Montreal at the International Economic Forum of the Americas, came after a speech in which he [...]
Full StoryGovernment butters up foreign reporters to beef up investment
The Conservative government is flying reporters to Canada and beefing up its presence on the international trade-show circuit, but Trade Minister Stockwell Day wants more bucks to stimulate flagging foreign investment. Day is pushing his cabinet colleagues for a larger chunk of the $50 million the government sets aside annually in the budget under the [...]
Full StoryDownturn has hit bottom in Canada, OECD says
The economic outlook for the OECD area declined at a slower pace in April, an OECD survey said on Monday, and there were stronger indications that the downturn may have hit bottom in Canada, France, Italy and Britain. The Paris-based Organisation for Economic Co-operation and Development said its composite leading indicator for the OECD area [...]
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