Canada

Bank of Canada

Headline Inflation Overshoots, But Not A Concern Yet For The BoC

Monex | Today’s CPI release saw headline inflation rise from 2.2% in March to 3.4% YoY in April. The print was marginally higher than expectations, which sat at 3.2%, but despite the figure exceeding the Bank of Canada’s 2% target, it won’t cause concern among the Governing Council just yet. This is because base effects had a large part to play in the increase in the 12-month figure as prices…


Bank of Canada

Australia And New Zealand To Follow Canada In Tightening Monetary Policy

Intermoney | The progress made in the economic recovery has prompted the Bank of Canada to reduce net purchases of Canadian government debt by 1,000 thousand. CAD 1,000 billion to CAD 3,000 billion as of next week. A move that was supported by a very positive forecast for the world economy, projecting global GDP growth of 6.8% in 2021, 4.1% in 2022 and 3.3% in 2023. 


Trump Kim Summit aimed at mid-term elections

After Singapore, Europeans Must Take Responsibility For Their Own Future

Shaun Riordan | Trump’s behaviour at the Singapore Summit with Kim Jung Un has little to do with foreign policy, or indeed North Korea. Like his attacks on allies at the G7 Summit last week, it is aimed at the mid-term elections for Congress. Long-time US allies count for little compared to Trump’s domestic political needs. Europe must take responsibility for its own future.


No Picture

The labor market in Canada and in the US

SAO PAULO | By Marcus Nunes | David Andolfatto has an interesting take: “The question is this: Would you expect the labor market in the U.S. border states to look more like the Canadian labor market or more like the U.S. labor market?”


Canada

Canada’s banking system: A poster boy?

Discretion advice: If you are an European businessman struggling to get credit, or a US home buyer looking for a reasonable interest rate mortgage, this may hurt your feelings: Canada’s banks are lending money.


CorporateOffice 529x241

Energy: China’s Achilles’ heel?

BEIJING | China is thirsty of energy. It’s the world’s biggest consumer of energy and the second consumer of oil. The world’s biggest country needs energy more than anything in order to keep the engine of growth working at high speed. Furthermore, development and urbanisation plans might put their dependency on foreign resources to the brink due to an increasing need of energy to power its vast urban areas. So,…


No Picture

Ferrovial consortium wins Ontario’s Highway 407 East contract

MADRID | Spain’s Ferrovial announced Wednesday that its subsidiary Cintra Infraestructuras, in a 50% consortium with SNC-Lavalin, was awarded the €78-million contract for the first phase of the Highway 407 East project in Ontario, Canada. The group was appointed by Infrastructure Ontario and the Ontario Ministry of Transportation. Phase one of the new highway will extend 22 kilometers east from Brock Road in Pickering, Ontario to Harmony Road in Oshawa, Ontario….


spain canada

Something Canadian that Spain may like: public-private partnerships

By Rose Marie Losier, director general at the Canada-Spain Chamber of Commerce | Public infrastructure in Canada has been aging in recent years and the country has seen the need to replace them. In this context, governments at both federal and provincial level, have found in models of public-private partnership (PPP) an interesting formula that allows them to leverage funding and innovation with support from the public sector. What are PPPs? The public-private…