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Ejection of a Chinese diplomat who interfered in Canada's internal affairs has led to a tit for tat expulsion. It's only the latest skid toward "global fragmentation" that economists fear will damage trade and impede cooperation on important issues including climate and artificial intelligence.
Political economists believe that economic growth is important, but it alone cannot help reduce poverty and inequality, marring prosperity, unless the right choices and unbiased selection of...
Even as the Canadian oil and gas industry rushes to fill the gap left by Russian crude, market disruption may mean the only real solution is what energy experts call "demand destruction," as democracies face a tradeoff between standard of living and security.
While it can still export energy, Russia's resource-dependent economy is hinged on imports for many basic needs. Collapsing supply chains and a crumbling currency mean the rich, middle class and poor face devastating consequences, say Canadian Russia-watchers.
Trudeau conceded sanctions from any one country have a limited effect, but said the cumulative impact of the West's sanctions 'is going to be significant'