Despite what is commonly understood, the Canadian banking system is NOT as strong and resilient as most people might assume. According to the World Economic Forum, Canada is ranked #1 in the world for “the most sound banking system in the world”. I am not sure what world they live in, though. The Canadian banking system is no different than most of its counterparts, and Canada’s economic crisis is just as inevitable.
Key Arguments about the Canadian Banking System’s unsound [...]
January 16, 2012
Emil Boc, Romania’s prime minister, has warned that violent reaction to austerity measures may take down the country. From the Boston Globe:
Romania’s prime minister warned Monday that violent protests that left 59 injured over the weekend could jeopardize the country’s stability and chances for economic growth.
Some of the around 1,000 protesters clashed with police in downtown Bucharest Sunday, after four days of demonstrations against the government’s austerity measures [...]
In the link someone posted earlier on container shipments, they said,
On the one hand, container demand has picked up dramatically with traffic to and from developing markets.
If that is the case, and with HSBC that just relocated to Hong Kong, demand could rise for the Chinese currency.
BEIJING, July 4 (Xinhua) — Bank of China (BOC), China’s largest foreign exchange bank, announced Saturday it has signed a yuan trade settlement agreement [...]