The Globe and Mail reported Justin Trudeau is not seeing eye to eye with the finance minister on the coronavirus recovery.
The ex-Bank of Canada head says policymakers would have little wiggle room to stimulate the economy in a sharp downturn.
The former Bank of Canada governor is slated to become a UN special envoy on climate change.
Last week the B.C. Liberal government approved the Trans Mountain Pipeline Expansion Project. They have stated that Kinder Morgan has met their five conditions and have added 37 new conditions with their approval. From the National Energy Board hearings, to the recent to governmental approval, the process was problematic right from the start. It was nothing more than a public relations exercise.
Greece does not have its own currency to devalue to gain economic relief. And so the nation's debt problem can't be fixed by issuing more loans with conditions that kill economic growth. If truth be told, there has never been a bailout designed to bail out the Greeks. The aid issued to date has been all about buying time to play musical bondholders.
Perhaps you've heard of the notion of a global carbon quota. I first learned of it a few years ago, and got a refresher on the subject last month. It jolted me then, but even more so this time. Here's an overview, with some basic math.
To be sure, the Forum once again generated news and social content about business trends, societal needs, industry insights and new voices in the global economy. But the real conversations in the hallways were that global business leaders are more concerned over the threat of Euro collapse than debating problems of income inequality.
The short term problem is that Alberta has expensive oil which will make it challenging for all governments to achieve their fiscal goals. Revenues are down. Already we are seeing the incredible shrinking surplus of the Harper government. Medium term the market will right itself and business will pick up.