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Mexican President Felipe Calderon told his people to stay home from Friday for a five-day partial shutdown of the economy, after the World Health Organization said a swine flu pandemic was imminent.
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How is global financial and economic crisis reshaping world politics, finance, banking, trade and outsourcing? Profiting from rising Chinese trade, yuan and stock market? How do over a half million international companies make profits in China?
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The late Ian Scott once said a good lawyer and a good attorney-general share the same attribute: ”the moral courage to advance unpopular causes.” The question is whether Canada has an attorney-general with that quality. Ottawa’s arbitrary denial of Abousfian Abdelrazik’s right to return to this country, though he’s a citizen, raises questions about whether Rob Nicholson, the Minister of …
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A proposal making the rounds here envisions the country emerging from the upheaval in the auto industry with a new carmaker as Canadian as maple syrup or the BlackBerry – and with an assembly plant in Fredericton, of all places.
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The economy shrank in the first quarter by a record 7.3%, and will continue to contract for the next two quarters as businesses race to rapidly pare down excess inventories, the Bank of Canada said Thursday.
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TORONTO — The governments of Canada and Ontario are in advanced negotiations to provide unprecedented bankruptcy financing for the Canadian operations of General Motors Corp. and Chrysler LLC, the Globe and Mail reported.[...]
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OTTAWA (Apr 24, 2009) — The Bank of Canada says the country’s economy shrank at the steepest pace in at least 50 years in the first quarter of 2009, a decline that could lead it to take dramatic new steps to help relieve stressed financial markets.
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The Bank of Canada will keep the key lending rate at .25 per cent until next June. If that doesn’t help Canada survive the recession it will take less conventional steps.
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