As the capitalist class gathers this week for the World Economic Forum, the corridor talk is going to be about the collapsing price of share capital, as stock markets tumble around the world.
The dip in GDP is what's making the headlines, but there are three other trends in the new data released by StatsCan that suggest the economic slowdown is here to stay.
The Bank of Canada cut its benchmark interest rate to nearly record lows, now just 0.5 per cent. The move reflects a poverty of economic policy from the ruling Conservatives.
A central banker that feels the need to defend himself is never a good thing. It leaves the impression of someone who second-guesses himself. Is it time for Stephen Poloz to remain quiet?
This budget, full of accounting tricks, will do very little to revive Canada's moribund economy, and it contains far less in terms of good news for working Canadians.
With data on the performance of Canada's labour market released Friday, many are arguing that what seems to be emerging is two very clear and different paths for the U.S. and Canadian economies.
There is virtual unanimity among heterodox economists about the shortcomings of the euro, yet a deep division exists on whether Greece should leave the euro or push for institutional reforms.
Much was at stake earlier this week when finance ministers from G20 countries met in Istanbul to discuss Greece and the state of the world economy. But did they agree to too little, too late?
The Bank of Canada's view of the Canadian economy stands in sharp contrast to that of the federal government, which is intent on delivering a balanced budget.
The action by the Bank of Canada should be of concern to Canadians, but not for the reasons cited by the Canadian financial industry.