Regardless of which side of the political fence you sit on, Donald J. Trump will be sworn in tomorrow morning as the 45th President of the United States of America. And the fact of the matter is that his inauguration will be a historical moment for all – even us Canadians, as many worry that Trump’s attitude could hurt our economy.
If you woke up on Wednesday morning and were surprised by the U.S. presidential election results, you’re not alone. We’re taking a look at the effects that Trump leadership could have on the Canadian economy.
We’ve all heard the economic saying, “When the U.S. sneezes Canada gets a cold”. Well, the U.S. has been feeling better as of late, accelerating Canada’s recovery as a result. Six years after the financial crisis gripped the world, Canada’s looking south to forecast its economic growth. There’s good reason for it; Canada does 75 per cent of …
Are you a Canadian holding dual U.S. citizenship, or an American dwelling in Canada? You may soon come under fire for non-compliance with the IRS, whether or not you owe money on U.S. taxes.
The Volcker Rule is part of new U.S. banking reforms aimed to end risky investment practices and prevent a new financial crisis. While it’s mainly an American policy change, Canadian lenders will also be affected as they do business with our American neighbours on a regular basis.
It’s good to be Canadian. While the U.S. housing market crumbled – to a certain degree bringing the global economy along with it, after some slight hiccups, the real estate markets in most Canadian cities have continued a slow and even climb. But only a fool would think that the Canadian economy is not heavily influenced by events in the U.S. and Europe. Here, we review what various economic soothsayers from around the world predict 2012 will have in store for the global economy.