Nouriel Roubini, the New York University economist who accurately predicted the U.S. housing slump would trigger a recession, said the Bank of Canada should take a stronger line on monetary policy to weaken the currency and spur the economy.
European countries adopting a “Jekyll and Hyde” strategy toward China have a greater chance of winning more exports to the world’s fastest-growing major economy, according to University of St. Gallen economists.
Australian Prime Minister Julia Gillard is going American in a big way by setting the next national election seven months from now. The record length of the campaign is bad news for her opponent, Tony Abbott, and may be even worse for the nation’s 23 million people.
The Canadian dollar rose to a one- year high versus its U.S. peer as domestic employers added more jobs than forecast, bolstering speculation Bank of Canada Governor Mark Carney will raise its target interest rate.