January GDP up 0.6 pct on widespread growth
Canada's economy grew 0.6 percent in January compared with December, led by widespread gains in manufacturing, as well as strong wholesale trade, construction, retail sales and finance, Statistics...
View ArticleCanada economy grows in Jan on widespread gains
Canada's economy continued to grow at a fast clip in January as strong manufacturing, construction and wholesale activity led to 0.6 percent growth in the month, beating market expectations.
View ArticleCanada posts historic gain in jobs in April
A record number of Canadians returned to work in April, adding pressure on the Bank of Canada to raise interest rates in June, ahead of other major industrialized countries.
View ArticleBrazilian president expects doubled trade with Russia, use of own currencies
The Russia and Brazil presidents are meeting in Moscow and discussing increased economic cooperation. An important decision is the future use of national currencies in reciprocal payments, a Kremlin...
View ArticleBrazil economists raise 2010 IPCA, GDP forecasts
Economists in a weekly central bank survey lifted their forecasts for inflation and expansion in Brazil in 2010 on expectations growth in Latin America's largest economy will pressure consumer prices.
View ArticleCanadian consumers splurge in March
Canadian retail sales surged in March, increasing 2.1 percent from February to 37 billion Canadian dollars.
View ArticleOECD sees BRIC economies powering ahead in 2010-11
China, India, Brazil and Russia are powering ahead, the Organisation for Economic Cooperation and Development said on Wednesday, revising upwards its growth outlook for all four largest emerging...
View ArticleEconomies growing fast but face recovery risks: OECD
OECD says recovery process could be hit by ongoing euro-zone debt crisis and overheating in emerging countries
View ArticleBank of Canada hikes key interest rate to 0.5 pct
The Bank of Canada on Tuesday raised its key interest rate by 25 basis points to 0.5 percent for the first time since 2007, making Canada the first G7 country to do so after the global financial crisis.
View ArticleG20 issues draft statement warning of fragile global recovery
A communiqué draft released by the Group of 20 economic world powers yesterday has cautioned that the ongoing global recovery is still fragile as showcased by recent volatility in the financial markets.
View ArticleBrazil stocks, currency boosted by booming GDP data
Brazilian stocks and the country's currency rebounded on Tuesday after data showed Latin America's largest economy grew at its fastest pace in over a decade.
View ArticleKey facts from World Bank's Global Economic Prospects 2010 report
World Bank report on global economic prospects 2010
View ArticleNew Zealand raises key interest rate; exports surge
The central bank said it is appropriate to remove policy stimulus gradually even as it tries to strike a balance between rising prices and the country's growth rate.
View ArticleRate hikes in Canada, N.Z. won't lead to global tightening
Might Canada and New Zealand lead a new wave of higher interest rates around the developed world? Not likely,
View ArticleCanada posts C$175 mln trade surplus in April
Canada’s balance of trade with the world swung to a surplus in April as imports fell more than its exports.
View ArticleIndia, Brazil on hold, luxury targets Middle East
Luxury groups discouraged by thickets of red tape and taxes are putting on ice ambitions to expand into India and Brazil and focusing instead on the Middle East, their No.2 priority after fast-growing...
View ArticleOECD sees 60 pct of world GDP from developing countries by 2030
India and China influence the key macroeconomic variables that matter for poor countries: interest rates, the price of raw materials, and wage levels for low-skill jobs.
View ArticleRussia weighs addition of Australian, Canadian dollars to its forex reserves:...
Russia may add the Australian and Canadian dollars to its international reserves for the first time on the back of good performance of these currencies in the past 12 months.
View ArticleDeveloping countries to ramp up agricultural production
Developing countries are projected to lead the growth in agricultural production in the coming decade, according to a study by the OECD and FAO.
View ArticleCanada April wholesale figures decline 0.3pct as currency fluctuates
Canadian wholesale figures fell in April, led by the declines in both the motor vehicle and autoparts.
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