Posts tagged economy

Paul Craig Roberts: What economy? There’s nothing left

By Paul Craig Roberts
Counterpunch
Thursday, July 16, 2009
http://www.counterpunch.org/roberts07162009.html
There is no economy left to recover. The U.S. manufacturing economy was lost to offshoring and free trade ideology. It was replaced by a mythical “New Economy.”
The “New Economy” was based on services. Its artificial life was fed by the Federal Reserve’s artificially low interest rates, which produced a [...]

Canadian Tourism Industry Benchmark Study finds favourable performance compared with other sectors

In the hustle and bustle of the information age, with news and views cascading from the internet, the big picture can pass you by. However, the Canadian Tourism Commission (CTC) has just published a new in-depth report on the state of the Canadian tourism industry in relation to other sectors of the economy to redress [...]

Moishe Alexander reports: Ron Beyer says the rates may still hold

OTTAWA – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent.
Information received since the Bank’s April Monetary Policy Report (MPR) is broadly consistent with the Bank’s medium-term [...]