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3/04/2009

The Globe and Mail saw the London Summit as a turning point with a 'shift from the era of unrestrained globalization into a new era of what might be called 'managed globalization'.'

It said the rise of the G20 'as an instrument for mending the economy', the new structure of the IMF and the involvement of key 'developing countries' - such as China, India and Brazil, meant the US was no longer the 'necessary partner' in any major economic dealings.

http://www.theglobeandmail.com/servlet/story/RTGAM.20090403.wg20analysis03/BNStory/Front

19/03/2009

Robert Shiller, a Professor of Economics at Yale University, argued in The Globe and Mail that G20 leaders must commit themselves to a fiscal target that is sufficient to restore full employment under normal credit conditions and also commit themselves to a credit target that will restore lending to normal.

16/03/2009

Eric Reguly's column in The Globe and Mail commented that the G20 Finance Ministers' meeting in the UK over the weekend had revealed how much work needed to be done in the lead-up to the London Summit.

24/02/2009

Former Canadian Prime Minister Joe Clark wrote in the Globe and Mail that Canada needed to look outside its borders to help countries with smaller economies, such as those in the Caribbean, which will benefit the global economy.

23/02/2009

The Globe and Mail reports that during Prime Minister Harper's visit to New York, he discussed the challenges facing international financial regulation in the lead-up to the G20 summit in London in April.

19/02/2009

The leader of Canada's opposition Liberal party, Michael Ignatieff, wrote in the National Post that Canada should work with the Americans and other G20 countries to develop new rules for international global finance to spare the world another financial crisis in the future.

12/02/09

The Winnipeg Sun reports the Canadian International Trade Minister as describing Canada’s first trade deficit since 1976 as being 'predictable' given the state of economic affairs for Canada's biggest purchasers, the U.S. and China.'

10/02/09

The governor of the Bank of Canada, Mark Carney has warned MPs that no economic recovery will be possible without substantial reform of the world's financial system. He urged policy-makers to make that their top priority at a series of meetings this spring that will culminate with the London Summit. 'G20 countries need to act in concert to improve domestic and international regulatory frameworks,' he told MPs according to the Canada.com.

Meanwhile former prime minister Paul Martin told the Globe and Mail that G20 countries must hammer out a deal that will get Asian consumers spending. The G20 must create credible - and mandatory - regulation of all major financial players around the world, he added.

05/02/09

Canadian media are focused on ramifications for the country's economy if the US does not remove the 'Buy American' clause from its stimulus package.

Stockwell Day, Trade Minister, said Canada was making 'great headway' in its efforts to win relief from the clause.

Canada

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