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
