Canadian Prime Minister Stephen Harper has stressed the need to diversify his country’s exports away from the U.S. since taking power in 2006. One deal at a time, he’s piecing together access to markets for Canadian exports equal to more than half the world economy.
John Manley , who chaired a meeting of global executives that coincided with the Group of 20 leaders summit last month, said there is a consensus among business chiefs worldwide that government deficits are the biggest threat to an economic recovery.
Treasuries and gold retreated while the dollar strengthened after minutes from the Federal Reserve’s last meeting indicated policy makers see risks to financial stability from continued monthly bond purchases. Sugar slid to a 3 1/2-year low and oil resumed declines.