Economy News

Economy Canadians Still Paying More For Goods Than Americans
Contributed by NAUWATCH on Tuesday, April 26 at 21:30 (2,709 reads)

CTV News Staff

Canadians continue to pay significantly more for consumer goods than Americans, despite a high-flying loonie that is expected to float higher than the greenback for months to come.

A new analysis by a Bank of Montreal economist predicts that the Canadian dollar will remain above par until at least the end of 2012, if not longer.

The BMO report authored by Douglas Porter says "Canadians should get accustomed to a lofty loonie," which will restrain inflation and dampen the prices of imported goods.

But the climbing currency has yet to close a price gap with the United States, which may leave Canadians scratching their heads as to why they have to pay more for the same consumer items.

full article

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Economy Canadians' Debt-To-Income Ratio At Record High
Contributed by NAUWATCH on Wednesday, December 15 at 07:41 (3,385 reads)

Debt grows almost twice as fast as incomes

CBC News
Declining income pushed a national measure of Canadian household debt to a record high in the three months ended in September, Statistics Canada reported Monday.

The proportion of what Canadians owed on their mortgages, loans and credit cards to their after-tax income grew to 148.1 per cent, even as families slowed the increase in their debt.

That was its highest on records going back to 1990 and compared to 143.4 per cent in the previous quarter.

The main reason was a 1.5 per cent drop in average after-tax income across the country.

Read More » (272 words)  |   1 comments

Economy After Months Of Resisting, Ireland Applies For Bailout
Contributed by RickW on Friday, November 26 at 08:48 (2,409 reads)

Ireland has formally applied for a rescue package worth more than $100 billion, after months of trying to survive its financial crisis with austerity measures and strict budgetary planning.

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Economy As Western Civilization Lies Dying
Contributed by Milton on Monday, October 04 at 08:50 (2,469 reads)

by John Kozy

Global Research, September 29, 2010

The Western commercial system exists to extract more from consumers than it supplies in products and services. Its goal is profit and has never been to improve the human condition but to exploit it. When governments institutionalize this system, they place their nations on suicidal paths, because as Jefferson recognized, "Merchants have no country." It is not terrorism that threatens the security of the Western World, it is the Western World's commercial system.

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Economy Trade Deficit Grows As Exports To U.S. Fall
Contributed by NAUWATCH on Tuesday, September 14 at 14:29 (2,768 reads) News

Canada's international trade deficit spiked unexpectedly as exports to the U.S. dropped, a side effect of the country's dependence on the struggling American economy.

The country's trade deficit jumped to $2.7 billion in July from $1.8 billion in June, Statistics Canada reported Thursday.

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Economy The Colonials Are Having A Party
Contributed by Robin Mathews on Monday, May 03 at 09:31 (2,703 reads)

The Canadian Centre for Policy Alternatives (B.C.) is having a big party. Guess who they're having to speak about the state of Canada, now?

Read More » (603 words)  |   1 comments

Economy Goldman Fraud Charges Cast Shadow Over Wall Street
Contributed by RickW on Monday, April 19 at 11:44 (2,640 reads)

U.S. regulators accused Wall Street’s premier firm of committing fraud during the U.S. mortgage boom, marking a pivotal moment in the effort to uncover wrongdoing in the worst financial crisis in decades.

Read More » (144 words)  |   2 comments

Economy Life Or Debt?
Contributed by Milton on Monday, March 29 at 10:50 (3,772 reads)

AMI – Monetary Reform and Liberation
G-20 - Debt Slavery

In Pittsburgh the G-20 agreed to disagree, thus maintaining the illusion that they have secured the unraveling financial system by instituting the mildest of reforms even while allowing the bankers most responsible for the economic disaster to keep their ill-gotten gains. Simultaneously, in Chicago a less heralded group gathered at the American Monetary Institute (AMI) 5th Annual Monetary Reform Conference to deepen their understanding of the flaws in the dominant debt-based system and the possibilities for transformation. At the G-20 meeting in Pittsburgh, protected by brutal military and police forces, world leaders were met by thousands of protesters deploring their policies. At the AMI meeting at Roosevelt University in Chicago, monetary researchers, authors, and activists from Russia, New Zealand, Europe, Africa, Canada, Britain, and across the US were ignored by the press as they shared their insights and experiences and discussed the Monetary Reform and Financial Security bill, to be introduced into Congress by Dennis Kucinich as a first step to ease the debt slavery burdening humanity.

The AMI was founded by Stephen Zarlenga (& Dr. Lucienne DeWulf). Zarlenga, author of The Lost Science of Money: The Mythology of Money, the Story of Power, contends that

“By mis-defining the nature of money, special interests have often been able to control a society’s monetary system, and in turn, the society itself.”

Read More » (1669 words)  |   1 comments

Economy PM, Fraser Institute Ramp Up Stimulus Spat
Contributed by RickW on Monday, March 29 at 10:49 (1,930 reads)

What's this? A falling out on the right? Perhaps to compensate for the discord among the federal Liberals....?

Read More » (214 words)  |   0 comments

Economy US Lawmakers Launch Push To Repeal NAFTA
Contributed by Fiatlux on Friday, March 05 at 15:41 (3,554 reads)

U.S. lawmakers launch push to repeal NAFTA

Thu Mar 4, 2010 4:35pm EST

WASHINGTON (Reuters) - A small group of U.S. lawmakers unveiled legislation
on Thursday to withdraw from the North American Free Trade Agreement in the
latest sign of congressional disillusionment with free-trade deals.

The bill spearheaded by Rep. Gene Taylor, a Mississippi Democrat, would
require President Barack Obama to give Mexico and Canada six months notice
that the United States will no longer be part of the 16-year-old trade

Read More » (440 words)  |   27 comments

Economy Millions Of Unemployed Face Years Without Jobs
Contributed by RickW on Monday, February 22 at 09:37 (3,227 reads)

Even as the American economy shows tentative signs of a rebound, the human toll of the recession continues to mount, with millions of Americans remaining out of work, out of savings and nearing the end of their unemployment benefits.

Economists fear that the nascent recovery will leave more people behind than in past recessions, failing to create jobs in sufficient numbers to absorb the record-setting ranks of the long-term unemployed.

Read More » (197 words)  |   2 comments

Economy A Reluctance To Spend May Be A Legacy Of The Recession
Contributed by RickW on Saturday, August 29 at 14:28 (2,876 reads)

A reluctance to spend MAY be a legacy of the recession??

Even as evidence mounts that the Great Recession has finally released its chokehold on the American economy, experts worry that the recovery may be weak, stymied by consumers’ reluctance to spend.

Read More » (150 words)  |   16 comments

Economy Global Economy To Get 'shock Of Its Life' When Oil Hits Triple Digits
Contributed by RickW on Monday, July 06 at 09:06 (3,814 reads)

Energy expert and former CIBC economist Jeff Rubin says global economy will get the "shock of its life" within 12 months of the end of the recession when oil prices hit triple digits and the age of globalization starts to come to an end.

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The reason Free Traders and Free Marketeers rage against so-called "Protectionism" is because it regulates and contains their excesses and provides real justice for smaller and weaker economies.

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Economy But....Will They Build A Better Car??
Contributed by RickW on Sunday, May 31 at 16:09 (2,590 reads)

Tentative Deal for G.M.’s Opel Is Latest Shift for Industry

Read More » (106 words)  |   0 comments

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