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international business
OECD sees limited economic growth pick-up as rate hikes weigh
FILE PHOTO: Outside view of the Organization for Economic Co-operation and Development, (OECD) headquarters in Paris September 3, 2009. REUTERS/Charles Platiau/File Photo
opinion
Four-day workweek? With Canada’s low productivity, we may need six-day workweeks
Jason Clemens, Steven Globerman and Milagros Palacios
international business
OECD hikes its growth forecasts for major economies, but warns recovery fragile
FILE PHOTO: Outside view of the Organization for Economic Co-operation and Development, (OECD) headquarters in Paris September 3, 2009. REUTERS/Charles Platiau/File Photo
international business
OECD offers final guidance for governments on global minimum corporate tax
FILE PHOTO: Outside view of the Organization for Economic Co-operation and Development, (OECD) headquarters in Paris September 3, 2009. REUTERS/Charles Platiau/File Photo
report on business
Scotiabank’s cash-back conundrum, gifting stocks and behind the FTX collapse: Must-read business and investing stories
FILE — Sam Bankman-Fried, the chief executive of FTX, during a panel at Crypto Bahamas conference in Nassau, Bahamas, on April 27, 2022. The cryptocurrency exchange FTX said on Nov. 11 that it was filing for bankruptcy, and now investors are also under scrutiny for enabling Bankman-Fried with so little oversight. (Erika P. Rodriguez/The New York Times)
international business
High interest rates and inflation to slow global economic growth in 2023, OECD forecasts
FILE - Construction workers ride on a beam hanging from a crane at the construction site of a residential high rise building in Mexico City, June 17, 2022. Hobbled by high interest rates, punishing inflation and Russia's war against Ukraine, the world economy is expected to eke out only modest growth this year and to expand even more tepidly in 2023. That was the sobering forecast issued Tuesday Nov. 22, 2023 by the Organization for Economic Cooperation and Development. In the OECD's estimation, the world economy will grow just 3.1% this year, down sharply from a robust 5.9% in 2021. (AP Photo/Marco Ugarte, File)
opinion
Canada’s broken health care system is stuck in the past. We have to work together to fix it
Alika Lafontaine
international business
Energy and inflation crises risk pushing big economies into recession, OECD says
FILE PHOTO: Secretary-General of the Organisation for Economic Co-operation and Development (OECD) Mathias Cormann looks on during a news statement after opening ceremony of the OECD meeting at the Itamaraty Palace in Brasilia, Brazil June 21, 2022. REUTERS/Adriano Machado/File Photo
opinion
How workers can find relief from stagnant wages
Linda Nazareth
international business
War in Ukraine, COVID-19 pandemic and climate change putting pressure on world’s poorest: OECD
Volunteers clear the rubble of a destroyed house as a result of shelling in village of Moshchun, Kyiv region, on September 9, 2022, amid the Russian military invasion of Ukraine. (Photo by Sergei CHUZAVKOV / AFP) (Photo by SERGEI CHUZAVKOV/AFP via Getty Images)
politics
U.S. climate bill sets stage for trade fight with Canada over digital sales taxes
Deputy Prime Minister and Minister of Finance Chrystia Freeland speaks to reporters before heading to Question Period in the House of Commons on Parliament Hill in Ottawa on Thursday, June 23, 2022. THE CANADIAN PRESS/Justin Tang
economy
OECD slashes growth outlook, but sees limited stagflation risk
FILE - People walk along the streets full of bars and restaurants Oct. 1, 2021, in Shibuya, an entertainment district of Tokyo, as Japan fully came out of a coronavirus state of emergency for the first time in more than six months. The Japanese economy contracted in the first quarter, but at a smaller rate than earlier estimated, the government said Wednesday, June 8, 2022. The world’s third-largest economy contracted at an annual rate of 0.5%, according to Cabinet Office data. That was smaller than the 1.0% contraction in the preliminary estimate for Japan’s real gross domestic product, or GDP, released in May. (AP Photo/Kiichiro Sato, File)
international business
OECD chief sees global digital tax deal pushed back to 2024
FILE PHOTO: OECD's incoming Secretary-General and former Australian Finance Minister Mathias Cormann delivers a speech at a handover ceremony during which he takes on the role of Secretary-General of the Organisation for Economic Co-operation and Development (OECD) from outgoing Secretary-General Angel Gurria at the OECD headquarters in Paris, France, June 1, 2021. Ian Langsdon/Pool via REUTERS
opinion
We have the drive, talent and skills – what is holding us back?
Murad al-Katib
report on business
War in Ukraine set to lower global economic growth and further exacerbate inflation, OECD warns
The Russian invasion of Ukraine is driving up global wheat prices as the conflict curbs exports of the crop, triggering shortages and setting the stage for worsening food inflation in Canada. A combine harvests a wheat crop near Cremona, Alta., Thursday, Sept. 9, 2021. THE CANADIAN PRESS/Jeff McIntosh
opinion
Why Canada’s economic growth is expected to be dead last among advanced countries
David Williams and Jock Finlayson
obituary
Donald Johnston, first non-European to head OECD, dies at 85
Donald J. Johnston, Secretary-General of the Organisation for Economic Cooperation and Development speaks at the Economic Club of Toronto in Toronto Thursday Sept. 30, 2004. PHOTO BY AARON HARRIS / THE GLOBE AND MAIL
international business
Billion-dollar loopholes remain in global corporate tax deal, analysis shows
FILE - In this June 7, 2017 file photo, the Organisation for Economic Co-operation and Development (OECD) headquarters is pictured in Paris, France. Nearly 140 countries have agreed on a tentative deal that would make sweeping changes to how big, multinational companies are taxed in order to deter them from stashing their profits in offshore tax havens where they pay little or no tax. The agreement announced Friday foresees countries enacting a global minimum corporate tax of 15% on the biggest, internationally active companies. (AP Photo/Francois Mori, File)
international business
Inflation is main risk to global economic outlook, OECD says
FILE PHOTO: Outside view of the Organization for Economic Co-operation and Development, (OECD) headquarters in Paris September 3, 2009. REUTERS/Charles Platiau/File Photo
international business
Pension, health costs to dwarf COVID-19 debt legacy in long term: OECD report
The OECD headquarters, in Paris, France. Nearly 140 countries have agreed on a tentative deal that would make sweeping changes to how big, multinational companies are taxed in order to deter them from stashing their profits in offshore tax havens where they pay little or no tax. The agreement announced Friday foresees countries enacting a global minimum corporate tax of 15% on the biggest, internationally active companies. (AP Photo/Francois Mori, File)
report on business
Global deal reached on 15-per-cent minimum corporate tax rate
FILE PHOTO: A woman walks past the Google offices near the city centre in Dublin July 8, 2013. REUTERS/Cathal McNaughton/File Photo
international business
Still too early to ease economic support despite spike in inflation, OECD says
The OECD headquarters, in Paris, on Sept. 3, 2009.
opinion
Will new global tax co-operation benefit the world?
Wei Cui
world
EU’s planned digital levy to cover hundreds of firms, executive says
FILE PHOTO: European Commissioner for Europe fit for the Digital Age Margrethe Vestager speaks during an online news conference on Apple anti trust case at the EU headquarters in Brussels, Belgium April 30, 2021. Francisco Seco/Pool via REUTERS
international business
G20 to endorse OECD deal setting a global minimum corporate tax: draft communiqué
(FILES) In this file photo taken on December 18, 2020, an illustration picture taken in London shows the logos of Google, Apple, Facebook, Amazon and Microsoft displayed on a mobile phone and a laptop screen. - US lawmakers unveiled sweeping antitrust measures on June 11, 2021 aimed at tempering the dominance of Big Tech firms including Apple and Facebook, in what may be the most ambitious effort in decades to break corporate monopolies. (Photo by JUSTIN TALLIS / AFP) (Photo by JUSTIN TALLIS/AFP via Getty Images)
economy
Global economy rebounding from COVID-19 pandemic, but faces multiple threats: OECD
People walk on a pedestrian street in Paris, on March 20, 2021.
opinion
Canada’s economic picture brighter as COVID-19 vaccinations speed up, OECD says
David Parkinson
international business
OECD official says chances of cross-border tax reform have never been higher
Step of coin stack on top wooden working table with city background and world map, global network business banking concept idea, element by NASA.
economy
Canada should prioritize fiscal support over debt management as economy recovers, OECD says
Parliament Hill is seen Tuesday, Sept. 1, 2020 in Ottawa. THE CANADIAN PRESS/Adrian Wyld
economy
Canada stands to benefit from faster U.S. economic recovery, OECD says
FILE - In this Feb. 6, 2021, file photo, a woman walks past a "Now Hiring" sign displayed at a CD One Price Cleaners in Schaumburg, Ill. U.S. employers added a surprisingly robust 379,000 jobs in February in a sign the economy is strengthening as virus cases drop, vaccinations ramp up, Americans spend more and states ease business restrictions. (AP Photo/Nam Y. Huh, File)
opinion
With a federal budget pending, do fiscal anchors still matter?
David Dodge and Michael Horgan
world
World economy will lose trillions if developing countries shorted on vaccines, OECD chief says
OECD Secretary-General Angel Gurria speaks at the OECD headquarters in Paris, on Dec. 14, 2020.
energy and resources
Finance ministers upbeat about OECD tax deal with new U.S. administration
(FILES) In this file photo taken on April 20, 2018 shows an illustration picture in Paris shows apps for Google, Amazon, Facebook, Apple (GAFA) and the reflexion of a binary code displayed on a tablet screen. - The OECD published on October 9, 2019, its suggestions for a "unified approach" on fairly taxing digital giants to break a deadlock in a dispute that has raised tensions between the United States and some EU allies. (Photo by Lionel BONAVENTURE / AFP) (Photo by LIONEL BONAVENTURE/AFP via Getty Images)
featured reports
Why Canada has the upper hand in pending U.K. trade talks
Minister of International Trade Mary Ng watches pre-recorded footage from an earlier video conference that she participated in with Prime Minister Justin Trudeau, British Prime Minister Boris Johnson and International Trade Secretary Liz Truss, during a news conference on the Canada-United Kingdom Trade Continuity Agreement in Ottawa, on Nov. 21, 2020.
economy
OECD sees global economy turning the corner on coronavirus crisis, led by Chinese recovery
FILE PHOTO: FILE PHOTO: An employee wearing a protective face mask and face guard works on the automobile assembly line as the maker ramps up car production with new security and health measures as a step to resume full operations, during the outbreak of the coronavirus disease (COVID-19), at Kawasaki factory of Mitsubishi Fuso Truck and Bus Corp., owned by Germany-based Daimler AG, in Kawasaki, south of Tokyo, Japan May 18, 2020. REUTERS/Issei Kato/File Photo/File Photo
international business
Collapse of global tax talks could cost $100-billion, OECD says
FILE PHOTO: An activist wearing a mask depicting Facebook's CEO Mark Zuckerberg demonstrates during the European Union finance ministers meeting, outside the EU headquarters in Brussels, Belgium, December 4, 2018 in this file photo. REUTERS/Yves Herman/File Photo