The Bank of Canada has agreed to buy some of the new debt that provinces are taking on to deal with the coronavirus pandemic. It’s time for the central bank to do even more.
THE CANADIAN PRESS/Adrian Wyld
It’s time for the Bank of Canada to do more to help provincial governments deal with the financial fallout of the coronavirus pandemic.
Prime Minister Justin Trudeau addresses Canadians on the COVID-19 pandemic from Rideau Cottage in Ottawa on March 26, 2020.
THE CANADIAN PRESS/Sean Kilpatrick
Given the structural limitations of Canadian federalism, the use of the Emergencies Act during the coronavirus pandemic could cause conflict between provincial and federal governments.
The rate cut didn’t calm investor nerves.
AP Photo/Richard Drew
A study has suggested that the universe is curved like a sphere rather than flat, which may unleash a major crisis in cosmology.
Argentina’s president-elect, Alberto Fernández (right), with his running mate, former president and first lady Cristina Fernández de Kirchner.
Reuters/Agustin Marcarian
Argentina has voted for change. Alberto Fernández, a 60-year-old lawyer, defeated President Mauricio Macri with a campaign emphasizing economic recovery, social inclusion and national unity.
Nigerian soldiers pictured at their post on the land border with Niger in 2015.
commons.wikimedia.org/
To understand an economic reality where growth is increasingly more qualitative than quantitative and where environmental constraints need a careful understanding, economics needs a major overhaul.
Britain is still split over Brexit.
EPA-EFE / Neil Hall
President Trump has discussed firing Fed Chair Jerome Powell over the central bank’s interest rate policies. Research shows this kind of political meddling is usually bad for the economy.
The price of bread has been one of the drivers of inflation in South Africa.
Shutterstock
Most South Africans think prices are rising much faster than is actually the case. This makes the central bank’s job of managing inflation expectations much harder.
Fed Chair Powell signaled he’s ready to cut rates if necessary.
Reuters/Kevin Lamarque
The Fed is in a tricky position as it signals it may soon cut interest rates to boost the economy, which also risks spurring runaway inflation and even an economic downturn.
Sanctions are making life increasingly difficult for ordinary Iranians, such as those in Isfahan.
Doug Hostetter