Archive for July 11th, 2011

Deeper Analysis

Reassuring Economic News from Canada

July 11, 2011

After expanding at a 3.5% annualized pace between the third quarter of 2010 and first quarter of 2011, Canadian GDP stagnated in April.  Industrial production that month was also flat, and that was not the full extent of sobering April news released in June.  Merchandise exports fell 1.9%, contributing to a more than twofold rise […] More

New Overnight Developments Abroad - Daily Update

Now Italy’s in the Cross-Hairs

July 11, 2011

As European Finance Ministers meet, contagion fears have turned to Italy.  While estimates released in late April put the third largest Euroland economy’s fiscal deficit-to-GDP at 4.6% in 2010, less than half the relative size the Portuguese, Greek, Irish or Spanish imbalances, Italy’s massive debt-to-GDP ratio climbed from 103.6% in 2007 to 119.0% in 2010.  […] More