Economy
Ontario’s debt tops fiscally imprudent California: Study
Province devotes 9.2% of revenues to interest payments, compared to California’s 2.8%.
Quebec tops provinces for net debt: Fraser Institute
Essays track how debt reached 49% of GDP and where it’s heading.
Dissing NAFTA is hot in Washington
Obama and allies leverage the 20-year-old deal to sell benefits of Trans-Pacific Partnership.
Small biz more positive in January: CFIB
Manufacturing shows gains in confidence, more hiring planned.
Auto industry scored record sales in 2013: BMO
Third consecutive year of growth at 1.74 million units, up 10% since 2011.
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Australia’s mining boom built on Chinese demand busts
Cancellations and project postponements means the upswing in mining and gas has peaked.
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Federal briefing deflates claim of corporate cash hoard
A revised Statistics Canada estimate puts it at about $544 billion in Q1.
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Canadian GDP gets real in 2013 at 1.9%: RBC Economics
Global economy to grow modestly for the rest of the year.
Avoid ‘competitive devaluation’ to boost exports: China
Falling yen might concern prompt other governments to drive down their currencies.
Bank of Canada holding interest rates
The Bank of Canada is holding off on raising interest rates for awhile longer citing worsening global conditions and an uneven Canadian recovery.
Fears of North American recession recede
Canada’s factories were humming in August, and US consumers were buying last month, strong indicators the North American recovery is alive and kicking.
Steady growth for Canada, despite global uncertainties
The global economy may be a bit creaky but Canada is chugging along nicely thanks to its strong resource base and rising commodity prices, according to a report from RBC Economics.
