Canada’s economy expanded an an annualized pace of 2.9 per cent in the last three months of the year, Statistics Canada reported Friday.
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Canada’s economy expanded an an annualized pace of 2.9 per cent in the last three months of the year, Statistics Canada reported Friday.
Read more: http://tinyurl.com/mgompjc
Finance chiefs from the 20 largest economies agreed Sunday to implement policies that will boost world GDP by more than $2 trillion over the coming five years.
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BI contributor Randy Olson passed along this map, created by reddit user Phaenthi, that presents U.S. states and corresponding countries with similar GDP.
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The economy grew at a 3.2% annual clip in the fourth quarter, modestly beating expectations.
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WASHINGTON (AP) — The global economy is slowly picking up steam, led by advanced economies appearing to turn the corner after five years of financial crises and recession and a continued good performance by China, the World Bank said.
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CALGARY – For the second time this week, another economic report is forecasting Alberta’s GDP growth in 2014 will lead the nation.
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I’ve written repeatedly about how spiky America’s economic geography is.
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ST. PETERSBURG, Russia — The Conservative government is trying to stick to its economic agenda at a G20 summit being dominated by the crisis in Syria, announcing Thursday it plans to reduce Canada’s federal debt-to-GDP ratio to 25 per cent by 2021 — a potential softening of what was projected just last fall.
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We know the world economic pattern we have been used to in years past–world population grows, resource usage grows (including energy resources), and debt increases. The economy grows fast enough that paying an interest rate a little higher than the inflation rate “works” for both lenders and borrowers. Borrowers are able to handle the required interest rate, because their wages are rising fast enough to buy homes and cars at prevailing interest rates. Unemployment is not too much of a problem because jobs grow with population and resource usage. Governments do fairly well, too, because they can tax the growing wages of the population sufficiently to get enough taxes to pay the benefits they have promised to constituents.
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