The poor numbers helped drive down the value of the dollar and bolstered the case for the Bank of Canada to turn even more dovish on monetary policy at next week’s policy-setting meeting.
Jul 11, 2014
Banco Espirito Santo’s 17-per-cent drop has domino effect on investor confidence and markets throughout the euro zone
Jul 10, 2014
Loss to Germany certain to reignite debate on why country spent billions to host a tournament with little apparent spin-off benefits
Jul 09, 2014
Rating service Moody’s shifts outlook to ‘negative’ from ‘stable’ on grounds Ottawa may demand investor bail-in during a banking crisis
Jul 08, 2014
Central bankers say BIS warnings against easy-money policies fail to take into account economic realities
Jul 07, 2014
For the first time since early 2013, the majority of speculators are betting on a rising dollar – creating a headache for the central bank
Jul 07, 2014
Hedge fund acquires 9.9 per cent of limping pet supplies chain
Jul 03, 2014
An activist investor, a big hedge fund name, and now Credit Suisse are on side with Valeant in its bid for Allergan
Jul 02, 2014
Australia, Sweden and other ‘small advanced economies’ also cited for maintaining ultra-low interest rates driving frothy markets
Jun 30, 2014
Pricey Australian market continues to soar, with Moody’s warning it, like Canada, faces a correction
Jun 27, 2014
Brian Milner is a senior economics writer and global markets columnist. In a long career at The Globe and Mail, he has covered diverse business beats, including international trade, the automotive industry, media, debt markets, banking and the business side of sports. He spent two years as an associate managing editor in the Report on Business, before becoming The Globe's New York bureau chief in 1994. From his vantage point in the world's financial capital, he covered the greatest economic and stock market boom in modern history, as well as a raft of U.S. political, cultural and social topics.
Mr. Milner began writing a markets column called Taking Stock in late 2000, before joining the editorial board in 2003. He resumed writing the column on a weekly basis in 2007 after returning to the ROB early in the global financial crisis. He is the author of a best-seller, The Hidden Establishment (Viking, 1991), which profiled secretive, wealthy immigrants. He is an award-winning magazine writer and has also written a history of Toronto for a popular guide book. In his spare time, he has ghost-written and edited books on economic, social and sports subjects. The best known is Shifting Gears (Harper Collins 1993), one of the first books to examine the impact of the technological boom on the economy. He is a frequent commentator on radio and television.