Hillary Clinton in talks about World Bank presidency: sources – The Globe and Mail
Filed Under Main Content · Tagged: Globe And Mail, Globe Mail, Hillary Clinton, Job, Presidency, World Bank, World Globe
“Hillary Clinton wants the job,” said one source who knows the secretary well.
Hillary Clinton in talks about World Bank presidency: sources – The Globe and Mail
Bank of Canada poised to raise interest rates
Filed Under Main Content · Tagged: Bank Of Canada, Basis Points, Central Bank Governor, Consumer Confidence, Economic Growth, Economists, Globe And Mail, Interest Rates, Labour Market, Largesse, Mail Mark, Mark Carney, Pall, Policy Stance, Private Sector, Recession, Securities Dealers, Stimulus, Straight Time, World Bank
The Globe and Mail- Mark Carney is likely to raise borrowing costs for the second straight time Tuesday, while continuing to sound a cautious tone as belt-tightening in Europe, efforts to restrain China’s growth, and plunging consumer confidence in the U.S. cast a pall over Canada’s prospects.
All 12 primary securities dealers and most economists say the central-bank governor will lift his main interest rate by another 25 basis points, to 0.75 per cent. The labour market has recouped most of the jobs lost during the recession and companies are seeing better demand, suggesting the private sector will be able to lead economic growth after federal and provincial stimulus largesse runs out later this year.
Investors are less confident about later decisions, and that may not change this week because Mr. Carney is likely to reiterate that his path to a more neutral, pre-crisis policy stance depends on the developing economic stories around the world…
Bank of Canada poised to raise interest rates – The Globe and Mail
Canada comes and conquers
Filed Under Main Content · Tagged: Canada Post, Central Bank Officials, China, Clout, Debt Loads, Emerging Economies, European Countries, Finance, G20 Meeting, Good Reason, Massive Debt, Peers, Post Canada, Voting Power, Western Allies, Willingness, World Bank
Financial Post- Canada came to the G20 meeting of finance and central bank officials in Washington, saw and heard from its peers, and at the end of the day conquered.
Much of the success was due to Canada’s willingness to move away from its traditional Western allies — and their massive debt loads — and join forces with the dynamic and fiscally healthy emerging economies.
And it’s with good reason Canada is warming up to China and other emerging economies. Not only are they growing, but they are getting more clout, as China overtook European countries in World Bank voting power, in a shift agreed upon yesterday…
