Interview with Bob Ivry of Bloomberg News, who led a reporting team on an award-winning series of articles showing the true cost to the taxpayer of the Federal bailout of Wall Street – $12.8 trillion lent, spent or guaranteed to banks at its peak.
Watch the full episode. See more Need To Know.
Economist Nouriel Roubini did some Q & A at a conference in Toronto yesterday. He was asked specifically about Canada's economic prospects and the Canadian dollar. Apparently he does not see the Canadian economy fully decoupling from the relapse in US growth now underway (shocking to some, I know). He thinks the Bank of Canada is likely to stop hiking rates for a while as our recovery loses steam; and the Canadian dollar is likely to weaken further with commodities.
Bloomberg has the 15 min clip here.
