(CEP News) Ottawa - A sharp 21.2% drop in Canadian auto sales in December compared to a year ago proves Canada is truly beginning to feel the effects of the financial crisis, auto industry observers say.
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(CEP News) Ottawa - A sharp 21.2% drop in Canadian auto sales in December compared to a year ago proves Canada is truly beginning to feel the effects of the financial crisis, auto industry observers say.
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What does the year ahead have in store? Financial Times writers predict the events and issues in politics, business, economics and world affairs that will shape 2009
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Most Britons believe the recession will last for two years, according to a Financial Times/Harris poll suggesting people are unconvinced by the government’s forecasts
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Record volumes of government bonds from the industrialised nations – intended to reverse what could be the worst recession since the Great Depression – threaten to curb access to credit markets by emerging economies
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Record volumes of government bonds from the industrialised nations – intended to reverse what could be the worst recession since the Great Depression – threaten to curb access to credit markets by emerging economies
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(CEP News) Ottawa - A shrinking gross domestic product (GDP) in October will likely mark the official beginning of the Canadian recession, say economists.
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(CEP News) Ottawa - A shrinking gross domestic product (GDP) in October will likely mark the official beginning of the Canadian recession, say economists.
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(CEP News) Ottawa - Canada is headed into recession next year, with rising unemployment, falling income growth and a stalled national economy, says a report released Friday by RBC Economics.
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(CEP News) Ottawa - The plunge in Canadian real estate sales in November was of little surprise to economists, who say further drops in sales and home prices are likely to continue. However, a U.S.-style housing collapse isn’t in the cards, they say.
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(CEP News) - Two reports released by the Federal Reserve on Monday show that U.S. manufacturing and production continue to struggle in the fourth quarter. Economists said neither report points towards a quick recovery for the United States.
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(CEP News) - Two reports released by the Federal Reserve on Monday show that U.S. manufacturing and production continue to struggle in the fourth quarter. Economists said neither report points towards a quick recovery for the United States.
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UK air traffic fell sharply last month, registering the biggest decline since November 2001, when the 9/11 terrorist attacks in the US helped to plunge global aviation into recession
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(CEP News) - Manufacturing activity in New York State, currently at a record low pace, is expected to have declined even further in November as the U.S. recession continues to broaden, economists say.
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Japan unveiled a package of “emergency measures” for its recession-mired economy, pledging Y4,000bn ($43.8bn) in spending and tax cuts and Y3,000bn in promised credit for companies as well as raising its limit for public fund injections for financial institutions to Y12,000bn
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Japan is gearing up to tackle recession, but the prime minister’s new package of measures are unlikely to quieten calls both at home and abroad for Tokyo to do more to get back to growth
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(CEP News) Ottawa - The government of Canada should move quickly and boldly to stimulate the economy and help the country out of the recession in which it now finds itself, says BMO deputy chief economist Doug Porter.
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(CEP News) Ottawa - Canada’s small business sector wants government deficit spending kept on a tight leash, and some small business owners remain opposed to a deficit under any circumstances, even a recession, a new survey by the Canadian Federation of Independent Business (CFIB) has found.
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European equity markets extended gains, spurred by hopes that proposed US government plans to help the economy recover from recession would be followed by similar action in the continent
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