OTTAWA — When it comes to summits, chronological order matters. The federal government has decided to hold the G8 summit before the G20 - an arrangement that risks upsetting emerging economies, analysts say.
TORONTO - The Canadian dollar edged closer to parity with the U.S. currency on Wednesday, following news that the Russian central bank will invest in the loonie and diversify away from the greenback in a move that could indicate a global trend.
Paul Krugman on why economists misread the financial crisis and the U.S. still needs more stimulus.
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 nothing of consequence will get done at the G20 unless the United States and China go along, so why not put them in a room and let them sort out their differences?
Pierre Trudeau was accused of being a lot of things. Flamboyant and arrogant. Charismatic and intimidating. Preserver of national unity and hostile to the West. But a pack rat?
The beginning of a new era in global economic policy making is being marred by old squabbles over taxes, currencies and regulation.
St. Andrews, Scotland, is best known as home to one of the toughest golf courses in the world. The windswept links of the Old Course could appear forgiving compared with the work awaiting Group of 20 finance ministers and central bank governors when they meet in the historic Scottish town on Friday and Saturday.
While he believes the global recession may be technically over, Nobel-prize winning economist Paul Krugman is not entirely clear what it will take to achieve full recovery.