Not every country appreciates the International Monetary Fund’s tutelage. Canada, however, is the teacher’s pet. Prime Minister Justin Trudeau and Finance Minister Bill Morneau invoked the IMF’s new thinking on deficits to justify their decision to borrow heavily to finance tax cuts and infrastructure spending. The fund’s managing director, Christine
Business
Intact sees its losses from Alberta wildfire at C$130-C$160 million
Intact Financial Corp (IFC.TO), Canada's largest property and casualty insurer, said on Monday it will suffer losses ranging from C$130 million ($100 million) to C$160 million ($123 million) from the massive wildfire in the Alberta oil city of Fort McMurray. The company said the estimate, equivalent to between C$1 and
Bank of Canada should mull rate cut again if needed: IMF report
In Canada, Rich Stay Rich, Poor Stay Poor More Than Ever
IMF Retains India Growth Forecast At 7.5% For 2016, 2017
The International Monetary Fund has retained its growth forecast for India this year at 7.5 per cent, largely driven by private consumption even as weak exports and sluggish credit growth weigh on the economy. India's growth momentum is expected to be underpinned by private consumption, which has benefited from lower
Etihad’s NY-Mumbai luxury flight world’s most expensive at Rs 25 lakh
US court awards $55 mn in Johnson and Johnson cancer suit
Increasing Productivity Key to Revive Growth and Support Sustainable Development in Asia and the Pacific
The Asia-Pacific region’s successful achievement of the 2030 Agenda for Sustainable Development needs to be driven by broad-based productivity gains and rebalancing of economies towards domestic and regional demand. This is the main message of the Economic and Social Survey of Asia and the Pacific 2016, published today by the
The World without Cash
In February 2016, EU finance ministers called on the European commission “to explore the need for appropriate restrictions on cash payments exceeding certain thresholds” and called for increasing engagement with the European Central Bank to take appropriate measures to steadily cut down on the supply of high denomination notes, in