Canada’s current account deficit smallest in six years
Canada posted its narrowest current account deficit since 2008 in Q3 2014, as deficits in tourism and investment fell and non-energy exports surged, Statistics...
Canada Post turns $129m loss into $13m profit
Canada Post Corporation reported a pre-tax profit for the 3rd quarter of $13 million, versus a $129 million loss in Q3 2013, the state-run...
Scotland’s income tax should be set by Scottish Parliament, commission concludes
The commission on strengthening devolution, the Smith Commission, concluded that Scotland’s income tax rates and bands, as well as decisions regarding benefits and welfare,...
Stagecoach and Virgin win InterCity East Coast rail franchise
Stagecoach Group plc. and Virgin Group Ltd. are to be awarded the InterCity East Coast rail franchise, the UK Department forTransport announced on Thursday....
Business investment in surprise third quarter decline in UK
Business investment declined in the third quarter in the UK, surprising economists, who had expected an increase. Business investment fell -0.7% in Q3 from...
Australian incomes fall as population rises, masking weakness
Average incomes in Australia are declining as the nation’s population rises “masking underlying economic weakness,” says a Queensland University of Technology (QUT) study.
Dr. Mark...
BG £25m pay proposal for new CEO excessive and inflammatory, says IoD
BG Group’s incoming CEO Helge Lund is to get a £25 million pay deal if the proposal goes through, which the Institute of Directors...
European Commission €350bn investment plan launched to boost growth
A €350 billion investment plan to kick-start the Eurozone’s economy and create jobs was announced by the European Commission on Wednesday. Most of the...
Cowboy shortage and higher beef prices caused by Canada’s oil boom
Canada’s oil boom has helped push down gasoline prices, we all know that. What most people are unaware of is the cowboy shortage it...
British banking’s toxic and aggressive culture will take a generation to change
It will take the British banking sector an entire generation to effectively change its “toxic and aggressive” culture, says a joint report by the...