Canada

Chilean Quake Likely Shifted Earth’s Axis, NASA Scientist Says - Bloomberg.com Strong demand for 30 year gilt auction | Business | guardian.co.uk GM to recall 1.3 million cars in North America FT.com / Europe - Spanish jobless rate…

The following is a post by Marc Chandler, head of Brown Brother Harriman’s Currency Strategy Team. For more of BBH’s currency views, visit the website here. Canada reported a somewhat disappointing Q4 09 current account data today, but…

David Rosenberg took your questions on housing - The Globe and Mail What happens at absolute zero? - New Scientist Don't criticize your employees in front of consumers: It's bad for business - Science Daily Kühne Hoffnung:…

Commenting about the recent Wall Street Journal article “Housing rebound in Canada spurs talk of new bubble,” Rolfe Winkler of Reuters says Last week Paul Krugman toasted the sobriety of Canadian banks. Among other things, he said that…

This is an update on trade and protectionism because the last posts I wrote on protectionism were in December. Since then, the only two major events on the protectionist front happened last Friday. Canada and the Buy American Fiasco The…

If you asked me this question last year, I would have said yes but not it’s not as bad as Ireland or the U.S. However, the Canadian economy and Canadian banks have weathered the storm brilliantly. So most people think the answer is now no.…

This comes via Deal Book at the New York Times. The company’s chief executive, Fritz Henderson, called the repayment plan “a personal commitment.” The Obama administration, wardens of the 60 percent taxpayer stake in the company,…

An article in the National Post suggests General Motors may look to divert some of its bailout money to Europe in the wake of a chill in German government support for subsidies. Talk of using taxpayer money to benefit workers in other…

The Canadian daily National Post has a good piece out today that highlights how the ‘Buy American’ provision is being seen in Canada.  Many see it as an affront that America could and would favor domestic firms over those of its…

When the stimulus bill was being crafted, I wrote three posts lamenting the protectionist Buy American provision attached to the bill. ‘Buy American’ will translate into a 21st century Smoot-Hawley The U.S. is exporting unemployment…