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IMF cuts 2023 global outlook over colliding shocks
The three largest economies will ‘continue to stall’, ‘the worst is yet to come’ and for many people, 2023 will feel lik
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Canada's economy will experience a 'slowdown', IMF chief economist warns
Rosemary Barton Live speaks with IMF Chief Economist Pierre-Olivier Gourinchas about Canada's economy and the global economic forecast. Gourinchas says inflation rates may come down but will still be high, and that global growth will...
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U.S. Stocks Close Mixed After Strong July Jobs Report
U.S. stocks closed mixed on Friday after the July monthly unemployment report showed the economy added 528,000 jobs, which was much more than expected. The Dow industrial average rose 0.23%, the S&P 500 fell 0.16%, and the NASDAQ...
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What role does Africa have in a global economy?
African countries say they are marginalised and global financial policies are hampering their access to capital markets.
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'Summer of our discontent' lay ahead from soaring gas prices, says expert
Gas lobbyist Dan McTeague says a tightness in supply is behind surging gas prices in Canada. 'We are looking at all-time record prices' for gas, he said.
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China’s growth beats forecasts, but COVID, Ukraine risks grow
Stronger-than-expected figures cover only a small period of ongoing ultra-strict lockdown in Shanghai.
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Oil soars past $105 as Russia’s attack on Ukraine rattles markets
Global benchmark Brent crude touched a high of $105.79 on Thursday.
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Global recovery depends on equal access to vaccines for rich and poor countries, ILO says
For every 14 people fully vaccinated in the second quarter of 2021, one full-time equivalent job was added to the global labour market, substantially boosting the recovery.
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International Monetary Fund official discusses the economic impact of Russia's invasion of Ukraine
Gita Gopinath, the International Monetary Fund's first deputy managing director, speaks to CBC chief political correspondent Rosemary Barton about the economic consequences of Russia's invasion of Ukraine. The IMF approved $1.4 billion...
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Focusing on Big Tech Stocks Amid Market Volatility as Russia Invades Ukraine
Russia’s invasion of Ukraine sent the stock markets into a frenzy for the end of the week. Managing Director of Equity Research at Wedbush Securities, Dan Ives joined Cheddar News to discuss the shifts he expects for the stock market...
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Firmer footing: IMF boosts economic outlook, warns of divergence
The IMF’s chief economist urged governments to continue fiscal support and ensure that vaccines are available to all.
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Video game industry marks financial success amid pandemic
Economies worldwide have been hit hard by COVID-19, but one of the big winners in 2020 has been the video game industry.
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UN: Earth on course to become 'uninhabitable hell for millions'
That's what the planet is becoming due to the lack of action on climate change - according to a strongly worded United Nations report.
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Mounting tensions with China | Sunday Scrum
Beijing lashed out at Canada this week over criticism about Chinese prosecution of Canadians Michael Kovrig and Michael Spavor, urging Ottawa to cease 'megaphone diplomacy.' Our political panel discusses the consequences of the ongoing...
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More than 90 countries request IMF bailout
International Monetary Fund has collected trillions from donors as COVID-19 fuels global economic crisis.
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'Oil is dead': May
Green Party Leader Elizabeth May says "oil is dead" and urges the government to invest into a low carbon economy, including renewable energy, following the COVID-19 pandemic.
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Airbus posts more than $500m first-quarter loss for 2020
Airbus posts more than $500m first-quarter loss for 2020
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COVID-19 will hit economy 3 times harder than 2008 financial crisis
The global economy will be hit three times harder by COVID-19 than it was by the 2008 financial crisis, but is expected to bounce back — eventually, according to the IMF.
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IMF says 'worst recession since Great Depression' is likely
International lender says global economy will shrink 3 percent this year, but it is hedging even that dire forecast.
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Analysis: US jobless claims climbs to 17 million over past three weeks
Number of unemployed in past three weeks alone in United States has risen to almost 17 million amid coronavirus pandemic.
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Combatting coronavirus: Car factories suspend operations
Car makers in US, Canada and Mexico temporarily stop production to fight virus spread.
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Why coronavirus fears are hitting the stock market hard
Adrienne Arsenault talks to NBC News business correspondent Ali Velshi about what a drop in oil prices and the stock market plunge mean for Canadians.
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Coronavirus fears contribute to drop in oil prices
Oil prices are expected to drop even further this week, in part because of fears about how the coronavirus outbreak has impacted demand.
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Drop in oil prices another blow for Alberta
Alberta’s struggling economy was dealt a devastating blow with a major drop in oil prices on Monday.