Economy News

Pope Francis attends the Via Crucis (Way of the Cross) procession during Good Friday celebrations in front of the Colosseum in Rome

Pope Good Friday service underscores plight of the suffering

By Philip Pullella ROME (Reuters) - The plight of immigrants, the poor, the sick, the elderly, unemployed and prisoners dominated Pope Francis' Good Friday service at Rome's Colosseum as he led Catholics around the world in commemorating the day Jesus died. "Behind every evil in our society is money, or at least in part," Cantalamessa said at the solemn service that included chanting by priests …

  • Armed men drive an armoured personnel carrier in Slaviansk
    Ukraine separatists reject diplomatic … Reuters - 10 hours ago

    By Thomas Grove and Aleksandar Vasovic SLAVIANSK/DONETSK Ukraine (Reuters) - Armed pro-Russian separatists in eastern Ukraine said on Friday they were not bound by an … More »Ukraine separatists reject diplomatic …

    Armed men drive an armoured personnel carrier in Slaviansk

    By Thomas Grove and Aleksandar Vasovic SLAVIANSK/DONETSK Ukraine (Reuters) - Armed pro-Russian separatists in eastern Ukraine said on Friday they were not bound by an international deal ordering them to disarm and would not move out of public buildings they have seized until the Kiev government stepped down. The agreement, …

  • Dayna Boyer launched the Kitchen Library in Toronto's east end last year and says anything connected to the sharing economy is 'very exciting.'
    Share a juicer, your dog or a room in … CBC - 16 hours ago

    The internet has helped fuel an economic phenomenon that has seen people share everything from empty rooms in their homes to overnight travellers to even their pets. … More »Share a juicer, your dog or a room in …

    Dayna Boyer launched the Kitchen Library in Toronto's east end last year and says anything connected to the sharing economy is 'very exciting.'

    The internet has helped fuel an economic phenomenon that has seen people share everything from empty rooms in their homes to overnight travellers to even their pets. But the growth of the sharing economy might soon be limited by the hand of regulation.

  • A woman casts her ballot during presidential election in Algiers
    Algeria's Bouteflika camp claims … Reuters - Thu, 17 Apr, 2014

    By Lamine Chikhi and Patrick Markey ALGIERS (Reuters) - Algerian President Abdelaziz Bouteflika looked set to win a fourth term with allies claiming victory in an election … More »Algeria's Bouteflika camp claims …

    A woman casts her ballot during presidential election in Algiers

    By Lamine Chikhi and Patrick Markey ALGIERS (Reuters) - Algerian President Abdelaziz Bouteflika looked set to win a fourth term with allies claiming victory in an election on Thursday, despite questions over his health and his rare appearances since suffering a stroke in 2013. Official results were due on Friday, but …

  • Pro-Russian protester seats at barricades at the police headquarters in Slaviansk
    Four-way talks call for end to Ukraine … Reuters - Thu, 17 Apr, 2014

    By Arshad Mohammed and Alexei Anishchuk GENEVA/MOSCOW (Reuters) - The United States, Russia, Ukraine and the European Union called after crisis talks on Thursday for … More »Four-way talks call for end to Ukraine …

    Pro-Russian protester seats at barricades at the police headquarters in Slaviansk

    By Arshad Mohammed and Alexei Anishchuk GENEVA/MOSCOW (Reuters) - The United States, Russia, Ukraine and the European Union called after crisis talks on Thursday for an immediate halt to violence in Ukraine, where Western powers believe Russia is fomenting a pro-Russian separatist movement. President Barack Obama said …

  • A Bay St sign, a symbol of Canada's economic markets and where main financial institutions are located, is seen in Toronto
    TSX nears six-year high as energy shares … Reuters - Thu, 17 Apr, 2014

    The energy sector has advanced in each of the last five sessions and added nearly 3 percent in the last two. It added 1.7 percent this week. More »TSX nears six-year high as energy shares …

    A Bay St sign, a symbol of Canada's economic markets and where main financial institutions are located, is seen in Toronto

    The energy sector has advanced in each of the last five sessions and added nearly 3 percent in the last two. It added 1.7 percent this week.

  • Iran's national flags are seen on a square in Tehran
    Iran cuts sensitive nuclear stockpile, … Reuters - Thu, 17 Apr, 2014

    By Fredrik Dahl VIENNA (Reuters) - Iran has acted to cut its most sensitive nuclear stockpile by nearly 75 percent in implementing a landmark pact with world powers, … More »Iran cuts sensitive nuclear stockpile, …

    Iran's national flags are seen on a square in Tehran

    By Fredrik Dahl VIENNA (Reuters) - Iran has acted to cut its most sensitive nuclear stockpile by nearly 75 percent in implementing a landmark pact with world powers, but a planned facility it will need to fulfill the six-month deal has been delayed, a U.N. report showed on Thursday. The monthly update by the International …

  • Vietnam backs out as host of 2019 Asian … Reuters - Thu, 17 Apr, 2014

    Vietnam quit as host of the 2019 Asian Games on Thursday, citing a lack of preparedness and concerns that holding the multi-sport event would not prove financially viable. … More »Vietnam backs out as host of 2019 Asian …

    Vietnam quit as host of the 2019 Asian Games on Thursday, citing a lack of preparedness and concerns that holding the multi-sport event would not prove financially viable. Prime Minister Nguyen Tan Dung said Vietnam was suffering from the effects of global recession and the state was unable to foot the bill for facilities …

  • Pedestrians look at an electronic board showing stock prices outside a brokerage in Tokyo
    Low interest rates come with high cost … CBC - Thu, 17 Apr, 2014

    While overleveraged homeowners, and those eager to join them, worry when record low borrowing rates will come to an end, savers on the other end of the spectrum are anxious … More »Low interest rates come with high cost …

    Pedestrians look at an electronic board showing stock prices outside a brokerage in Tokyo

    While overleveraged homeowners, and those eager to join them, worry when record low borrowing rates will come to an end, savers on the other end of the spectrum are anxious to see yields get back to more normal levels.

  • A man fishes next to a lake with the reflection of newly-built residential buildings at a park in Shenyang
    China economy stronger than data suggests: … Reuters - Thu, 17 Apr, 2014

    By Aileen Wang and Adam Rose BEIJING (Reuters) - China's economy is doing better than official data suggests, the Commerce Ministry said a day after figures showed growth … More »China economy stronger than data suggests: …

    A man fishes next to a lake with the reflection of newly-built residential buildings at a park in Shenyang

    By Aileen Wang and Adam Rose BEIJING (Reuters) - China's economy is doing better than official data suggests, the Commerce Ministry said a day after figures showed growth at an 18-month low, adding that targets for exports and imports this year should be met despite some caution over the trade outlook. Ministry spokesman …

  • Debate urged over the limits of mar … CBC - Wed, 16 Apr, 2014

    Harvard professor and philosopher Michael Sandel wants citizens to call into question the faith in markets that seems to drive our society. More »Debate urged over the limits of mar …

    Harvard professor and philosopher Michael Sandel wants citizens to call into question the faith in markets that seems to drive our society.

  • Canada's Finance Minister Flaherty speaks during Question Period in the House of Commons on Parliament Hill in Ottawa
    Canadians bid farewell to Jim Flaherty, … Reuters - Wed, 16 Apr, 2014

    By Cameron French TORONTO (Reuters) - Canada's political elite and hundreds of well-wishers paid final respects to former Finance Minister Jim Flaherty at a state funeral … More »Canadians bid farewell to Jim Flaherty, …

    Canada's Finance Minister Flaherty speaks during Question Period in the House of Commons on Parliament Hill in Ottawa

    By Cameron French TORONTO (Reuters) - Canada's political elite and hundreds of well-wishers paid final respects to former Finance Minister Jim Flaherty at a state funeral on Wednesday, with Prime Minister Stephen Harper depicting Flaherty as a man who put his own needs aside in the service of his country. Flaherty's death …

  • Toronto Stock Exchange logo is seen in Toronto
    TSX jumps on Fed comments, China da … Reuters - Wed, 16 Apr, 2014

    By John Tilak TORONTO (Reuters) - Canada's main stock index recorded its biggest single-day jump in more than two months on Wednesday, driven higher by supportive comments … More »TSX jumps on Fed comments, China da …

    Toronto Stock Exchange logo is seen in Toronto

    By John Tilak TORONTO (Reuters) - Canada's main stock index recorded its biggest single-day jump in more than two months on Wednesday, driven higher by supportive comments on U.S. employment by Federal Reserve Chair Janet Yellen and bullish economic data from China. Investors also digested news that the Bank of Canada …

  • End of housing boom will be costly, … CBC - Wed, 16 Apr, 2014

    The outsized gains that Canada's economy has enjoyed on the back of the housing market can't continue as a real estate slowdown may already be underway, one of … More »End of housing boom will be costly, …

    The outsized gains that Canada's economy has enjoyed on the back of the housing market can't continue as a real estate slowdown may already be underway, one of Canada's big banks warned Wednesday.

  • Bank of Canada Governor Poloz speaks during a news conference in Ottawa
    Bank of Canada says inflation rise hasn't … Reuters - Wed, 16 Apr, 2014

    By Louise Egan and Leah Schnurr OTTAWA (Reuters) - Canadian central bank chief Stephen Poloz said on Wednesday an interest rate cut is still a possibility even though … More »Bank of Canada says inflation rise hasn't …

    Bank of Canada Governor Poloz speaks during a news conference in Ottawa

    By Louise Egan and Leah Schnurr OTTAWA (Reuters) - Canadian central bank chief Stephen Poloz said on Wednesday an interest rate cut is still a possibility even though the bank forecasts inflation will pick up speed this year and approach its 2 percent target. The Bank of Canada held its benchmark interest rate at 1 percent, …

  • Abductors of Nigerian schoolgirls pretended … Reuters - Wed, 16 Apr, 2014

    Gunmen suspected to be members of the radical Islamist movement Boko Haram swooped on Chibok town in Borno state and on its nearby all-girls government secondary school … More »Abductors of Nigerian schoolgirls pretended …

    Gunmen suspected to be members of the radical Islamist movement Boko Haram swooped on Chibok town in Borno state and on its nearby all-girls government secondary school late on Monday, calling on the students to leave their beds in the hostel. The mass abduction of schoolgirls aged between 15 and 18 has shocked Nigeria …

  • The Bank of Canada kept its trendsetting overnight interest rate at one per cent today, the same place it's been for the last 3.5 years.

  • The Bank of Canada maintained its neutral stance on interest rates on Wednesday and flagged the risk of weak inflation even though it expects the main measure of prices to approach the bank's 2 percent target in coming quarters due to temporary factors. COMMENTARY PAUL FERLEY, ASSISTANT CHIEF ECONOMIST AT ROYAL BANK OF …