A new report warns of the perils to the Canadian economy of relying too much on the oilsands. The Canadian Centre for Policy Alternatives study says Canada is heading towards a “staples trap,” whereby the more quickly bitumen is exported, the less diversified and productive the economy becomes. The study’s authors also warn of a [...]
ATHENS – Unemployment in Greece rose to a record 27 per cent in November as separate surveys on Thursday showed the country remains stuck in recession and predicted nearly a third of the population would be in poverty by the end of the year. The Statistics Agency said unemployment increased from a rate of 26.6 [...]
BERLIN – The recession across the economy of the 17 European Union countries that use the euro deepened in the last three months of 2012 as Germany faltered in the face of anemic demand across the debt-ridden region. Eurostat, the EU’s statistics office, said Thursday the eurozone economy shrank by 0.6 per cent in the [...]