According to the most recent jobs report released by the Department of Labor, the US unemployment rate has fallen to an eight-year low of 4.9%. The Organization for Economic Cooper[...]
On January 22, ECB president Mario Draghi announced a €1.1tn quantitative easing program in a bid to lift the eurozone’s economy out of an environment of weak growth and deflation.[...]
On 7th January 2015, the price of the Brent benchmark crude futures contract briefly slid below $50/bbl for the first time since April 2009. Its US counterpart, NYMEX WTI, dropped [...]
The second half of 2014 witnessed a massive depreciation in the value of the Russian Ruble, culminating in the currency briefly hitting an all-time low of Rb80 per US Dollar as rec[...]
During the Global Financial Crisis (GFC), virtually the entire advanced world was affected. The world major economies unprecedentedly dropped, global financial conglomerates like L[...]
General Motors and Ford, American automobile behemoths, dominated the headlines when both companies were bailed out by the U.S. government due to the tipping of the economy in 2008[...]
Since 2007, Saskatchewan’s economy has grown dramatically, due primarily to revenue from natural resources, such as petroleum products and potash. The potash industry was threatene[...]
This week marks the deadline to raise the U.S. debt ceiling. With the U.S. Congress still in negotiations, the consequences could be dire if the largest economy on earth can’[...]
The World Economic Forum’s (WEF) 2013-14 annual rankings, released in September of this year, ranked the U.S. fifth in terms of overall competitiveness. Canada trailed behind in fo[...]
The Federal Reserve has decided to keep monthly bond purchases at $85 billion for now, saying that economic variables need to demonstrate evidence of long-term sustainability. The [...]