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Canadian election results will test government spendingCanadians returned Justin Trudeau’s Liberals to power on Monday, but fell short of securing a majority, in what some commentators are regarding as a “strong minority government.” Fiscal policy will become increasingly important in the short term.
California: A test case for reopening the New York metropolitan areaCalifornia is now in Stage 2 of its reopening program from the coronavirus lockdown. The crowds at Los Angeles beaches and the rise in newly reported cases in California should give the governors of New York and New…
Real economy faces severe test as coronavirus challenges to business activity mountVolatility across asset markets and the end of the 11-year bull market run in equity prices strongly implies that the current business cycle will soon come to an end, if it hasn’t already done so.
