#g7-economic-rankings

#g7-economic-rankings

Canada's economy added a modest 14,000 jobs in March, following major job losses during the first two months of the year, with the unemployment rate unchanged at 6.7 percent.

The conflict has driven up the price of oil and natural gas; damaged oil refineries, tanker terminals and other energy infrastructure; disrupted shipments of fertiliser that the world's farmers depend on; and damaged the confidence of businesses and consumers.

We are not there yet. What we've agreed upon is to use any necessary tools, if needed, to stabilise the market, including the potential release of stockpiles.

The tensions between the United States and Iran have pushed oil prices higher, raising fears of energy-driven inflation, which helped support both the dollar and Treasury yields. The 10-year yield has climbed to its highest level in roughly two weeks.

We knew the story of the international rules-based order was partially false. Just because Canada benefited from it didn't hide the fact that it was unfair. The rules didn't apply equally to everyone. The strongest would exempt themselves when convenient. Power, not principle, set the terms.

In an incisive analysis of the new age of predatory great powers, where might is increasingly asserted as right, Carney not only accurately defined the coarsening of international relations as a rupture, not a transition. He also outlined how liberal democratic middle powers such as Canada but also European countries must build coalitions to counter coercion and defend as much as possible of the principles of territorial integrity, the rule of law, free trade, climate action and human rights.

Germany's economic losses from years of overlapping crises have been mounting to nearly 1 trillion, according to estimates by the German Economic Institute (IW). The employer-aligned research institute said the inflation-adjusted shortfall in gross domestic product since 2020 has totaled about 940 billion (about $1.1 trillion) over six years, reflecting the impact of the coronavirus pandemic, the effects of Russia's war against Ukraine, and confrontational US policy.

Markets were closed on Monday for Martin Luther King Jr. Day, compressing the week's activity into four sessions. Early in the week, stocks fell sharply after renewed concerns about a potential global trade conflict. Investor sentiment weakened following comments from President Donald Trump about imposing tariffs on certain European nations in connection with negotiations over Greenland. However, midweek optimism returned when the president signalled a softer stance and postponed the planned tariffs.

Stop invoking 'rules-based international order' as though it still functions as advertised. Call it what it is: a system of intensifying great power rivalry, where the most powerful pursue their interests using economic integration as coercion.

U.S. financial markets ended the week on a cautious note as investors weighed strong employment data against growing concerns about the impact of artificial intelligence on traditional business models. Major stock indexes declined, led by technology-heavy shares, reflecting worries that rapid AI developments may disrupt established industries and earnings outlooks. The Nasdaq Composite recorded the steepest losses, while the S&P 500 and Dow Jones Industrial Average also finished lower. Value-oriented stocks continued to outperform growth stocks, extending a trend that has persisted for several weeks.

Donald Trump has told the Davos economic forum without us, most countries would not even work, but for the first time in decades, many western leaders have come to the opposite conclusion: they will function better without the US. Individually and collectively, they have decided to live in truth the phrase used by the Czech dissident Vaclav Havel and referenced by the Canadian prime minister, Mark Carney, in his widely praised speech at Davos on Tuesday.

There are threats and intimidation and then suddenly Washington backs down. And we think it's over. But don't believe it for a second. He said when there is blatant aggression we must not bow down or try to reach a settlement. We tried this strategy for months and it's not working. But above all, it strategically leads Europe to increase its dependence.

Ministers from the US, EU, UK, Japan, Australia and New Zealand will meet in Washington this week to discuss a strategic alliance over critical minerals. The summit is being seen as a step to repair transatlantic ties fractured by a year of conflict with Donald Trump and pave the way for other alliances to help countries de-risk from China, including one centred on steel.

In a striking collective rebuke to President Trump, the leaders of Denmark, Finland, France, Germany, the Netherlands, Norway, Sweden and the United Kingdom issued a joint statement Sunday condemning recent U.S. tariff threats tied to military actions they have taken in Greenland. In the statement, leaders of the eight countries underscored their commitment to shared NATO goals, saying that they stood in "full solidarity" with Denmark and Greenland.

Canada's economy could gain nearly seven per cent, or $210 billion, in real GDP by fully removing internal trade barriers between the country's 13 provinces and territories, according to a report published Tuesday by the International Monetary Fund (IMF). On average, the barriers are the equivalent of a nine per cent tariff nationally, estimates the report, which was co-authored by IMF researchers Federico J. Diez and Yuanchen Yang with contributions from University of Calgary economist Trevor Tombe.

The International Monetary Fund has warned mounting geopolitical tensions and an escalation of Donald Trump's tariff war could hit global economic growth and trigger a backlash in financial markets. In an update as Trump threatens to impose tariffs on Nato allies opposed to his ambitions in Greenland, the Washington-based fund said a renewed eruption in trade tensions was among the biggest risks to global growth in 2026.

U.S. President Donald Trump, with his lust for Greenland and hectoring of Europe, thinks the world is at his mercy,and thatthe U.S. is invincible. He's right on the first point. But he discovered this week that he's wrong about the second one. In Davos at the World Economic Forum, Trump climbed down on his Greenland threats after his actions caused chaos in the markets.

The meeting, held from 19 to 23 January under the theme "A Spirit of Dialogue," took place at a time when the global situation still feels uncomfortable. Inflation has eased in some places, but not enough to make central banks relaxed. Growth is holding in parts of the world and slowing in others. Debt remains high, and trade has become more political.