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THE GOLDEN AGE OF SKEPTICISM

F orget the polls and ignore the political rhetoric. The best indicator of skepticism in the United States government's ability to manage its economy is the surging price of gold. "Every dollar the price of gold goes up is the world saying the U.S. ...

From KEVIN CARMICHAEL, Globe and Mail,  23 Nov 2009

Related Topics: U.S. Congress,  White House,  Barack Obama,  Federal Reserve,  International Monetary Fund

U.S. dollar will remain principal player: Carney

B ank of Canada Governor Mark Carney weighed into the debate over the future of the U.S. dollar, saying the legal tender of the world's largest economy will remain the world's reserve currency for some time yet. In a nuanced speech to the Foreign Policy ...

From KEVIN CARMICHAEL, Globe and Mail,  20 Nov 2009

Related Topics: Jim Flaherty,  G-20,  Kevin Rudd,  International Monetary Fund

U.S. dollar's role safe: Mark Carney

B ank of Canada Governor Mark Carney weighed into the debate over the future of the U.S. dollar, saying the legal tender of the world's largest economy will remain the world's reserve currency for quite some time yet. In a nuanced speech to the Foreign ...

From KEVIN CARMICHAEL, Globe and Mail,  19 Nov 2009

Canadian recovery on track, U.S. dollar safe, Carney says

C anada's recovery remains on track, although the economy has been slower to take off than the central bank anticipated, Bank of Canada Governor Mark Carney said Thursday. In October, the Bank of Canada predicted gross domestic product would grow at an ...

From KEVIN CARMICHAEL, Globe and Mail,  19 Nov 2009

Related Topics: Jim Flaherty,  G-20,  Kevin Rudd

World leaders turn attention to next crisis: national debts

T he world's major developed countries are admitting they have a debt problem. The next step is convincing their sponsors in the international bond market that they are serious about controlling their habit. In an acknowledgment that words are not ...

From KEVIN CARMICHAEL, Globe and Mail,  18 Nov 2009

Related Topics: Barack Obama,  G-20,  International Monetary Fund,  Jim Flaherty,  Alistair Darling

TWO IS THE LONELIEST NUMBER

U .S. President Barack Obama's first visit to China this week will get people talking about how what the world really needs is a Group of Two. Sure, the Group of 20 was only anointed the world's pre-eminent economic policy group in September. But ...

From KEVIN CARMICHAEL, Globe and Mail,  16 Nov 2009

Related Topics: Barack Obama,  G-20,  Henry Paulson,  Hu Jintao,  Timothy F. Geithner

Export data add weight to recovery

N orth American exports jumped in September, the latest indicators that a global economic recovery is taking hold. Canadian exports of goods climbed 3.5 per cent from August to $30.2-billion, the third increase in four months, while in the United States, ...

From KEVIN CARMICHAEL, Globe and Mail,  13 Nov 2009

Related Topics: Royal Bank of Canada|RY|NYSE,  Commerce Department,  European Union

Deputy David Longworth to leave Bank of Canada

B ank of Canada Governor Mark Carney's inner circle is in for a makeover. Deputy governor David Longworth, who worked closely with Mr. Carney in shaping the response to the financial crisis, announced Thursday that he will retire early next year, ...

From KEVIN CARMICHAEL, Globe and Mail,  12 Nov 2009

Related Topics: Paul Jenkins

Maintain stimulus, IMF tells Ottawa

T he International Monetary Fund says Canada should maintain its economic stimulus program because risks to the country's recovery from recession remain. Even though Canada is “relatively well positioned to resume expansion,” a stronger dollar and ...

From KEVIN CARMICHAEL, Globe and Mail,  12 Nov 2009

Related Topics: International Monetary Fund,  Jim Flaherty

U.S. dollar sags on global financial leaders' omission

I t's what the G20 didn't say. Global traders pushed the U.S. dollar to new lows in a bet that leaders of the world's major economies are unlikely to take steps to stem the currency's long slide. By omitting any discussion of the faltering U.S. dollar ...

From KEVIN CARMICHAEL, Globe and Mail,  9 Nov 2009

Related Topics: G-20,  International Monetary Fund,  Dow Jones,  Jim Flaherty,  Federal Reserve

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