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April 17, 2009
Mr. Tariq Sayeed, President SAARC CCI, invited as keynote speaker to address the inaugural session of 4th China-South Asia Business Forum. |
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Inflation down the road, TD economist says |
Julian Beltrame
THE CANADIAN PRESS
OTTAWA–The world is going to have to pay a price in future years for current massive government spending that's meant to end the current deep recession, TD Bank's chief economist Don Drummond says. Testifying before the parliamentary finance committee Thursday morning, Drummond said it will take many years for the economy to return to what many would consider normal. "I think there's going to be a lot of difficulties. I think there is going to be a slight recovery in 2010, 2011 and then, after that, I think there's going to be a very protracted period over several years to address the problems that are arising now," Drummond said. |
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Petro-Can, Suncor in $43 billion merger |
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By Lauren Krugel, THE CANADIAN PRESS  CALGARY — Suncor Energy Inc. (TSX:SU) and formerly government-owned Petro-Canada (TSX:PCA) are merging to create a $43.3-billion global energy giant, which executives from both firms say will thrive in the economic downturn.
The combined company, which will operate under the Suncor name, will be the largest energy company in Canada and the fifth largest in North America. |
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Manitoba, N.B. Set Examples |
 As Ontario attempts to pull itself out of its economic quagmire, it can look to the provinces of Manitoba and New Brunswick for leadership.
While the recession is expected to hit every province, Manitoba comes out near the top in most forecasts as one of the country's better performers in 2009. In its outlook, the Conference Board of Canada projects slight growth in the province of 1%, powered by infrastructure projects and tax cuts.
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Darling calls for pay restraint |
Chancellor Alistair Darling says pay rises for people "from the boardroom to the shopfloor" need to be "consistent" with the 2% inflation target.
He told BBC One's Andrew Marr show the need to keep inflation under control "applies to each and every one of us".
He said above-inflation pay increases would be "extremely damaging".
Mr Darling said the UK economy was "far better equipped" than in the 1970s, 1980s and 1990s... |
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