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News Release: Remarks by the President Announcing the President's Export Council

July 12, 2010
President Obama Provides Progress Report on National Export Initiative, Announces Members of the President's Export Council   (Washington, DC - July 7, 2010) Goal of doubling exports over five years to support millions of American jobs is on track WASHINGTON, DC - Today, President Barack Obama will provide a progress report on the National Export Initiative (NEI), which shows that the President's goal of doubling exports and supporting several million new jobs over five years is on track, and that exports in the first four months of 2010 grew almost 17 percent from the same period last year. S
Tags: Business, Competitiveness, Corporations, Economics, Employment, Finance, Foreign Policy, Investment, Trade, United States

Greater Transparency Needed From Bank of Canada on Rate-Setting

July 27, 2010
Financial market participants would benefit from a better understanding of how the Bank of Canada sets the overnight interest rate in response to economic developments, proclaims the C.D. Howe Institute. The study suggests that more accurate forecasts of the Bank’s future policy choices would lead to better financial decisions and better price and wage-setting decisions. Read more
Tags: Banking, Canada, Finance

U.S. envoy plays up Canada's role in economic recovery

July 23, 2010
THOUGH he's only held his office for 10 months, United States ambassador David Jacobson can already name a lot of things he admires about Canada. For instance, there's our firmly regulated banks, which did not require a nearly trillion-dollar bailout in 2009. Then there's our housing market, which didn't collapse last year. Both of those features are now a model of success in a tumultuous global economy, Jacobson told the Free Press. http://www.winnipegfreepress.com/local/us-envoy-plays-up-canadas-role-in-economic-recovery-98905069.html
Tags: Banking, Canada, Economics, Finance, United States

Obama's Remarks on the Passage of Financial Regulatory Reform, July 2010

July 23, 2010
THE PRESIDENT:  Good afternoon, everybody.  With today’s vote in the Senate, the United States Congress has now passed a Wall Street reform bill that will bring greater economic security to families and businesses across the country. It was clear from the moment it began that this recession was not the result of your typical economic downturn.  It was the result of recklessness and irresponsibility in certain corners of Wall Street that infected the entire economy –- irresponsibility that cost millions of Americans their jobs, and millions more their hard-earned savings.  It’s
Tags: Economics, Finance, Taxation, United States

A First Step on Financial Reform

July 19, 2010
The U.S. Senate voted 60-to-39 in favor of financial reform legislation (NYT) on July 15, a major victory for President Barack Obama, who plans to sign the bill into law the week of July 19. But passing the legislation may prove (MSNBC) only a preliminary step in a longer process of enacting reform. Read full article here
Tags: Finance, United States

Canadian executives confident, but cautious on economic recovery

July 16, 2010
Canadian businesses are still confident, but are girding for a period of tepid growth amid worrisome signs from abroad. They have seen sales improve after the recession, and still plan to invest and hire.
Tags: Business, Canada, Economics, Finance

Clipping Loonie's Wings Would Be Policy Folly for Central Bank

July 7, 2010
With the Canadian dollar near parity to its US counterpart, monetary policymakers should reject pressure to limit future interest rate increases in response to fears that the loonie's level is too high, according to a C.D. Howe Institute study.
Tags: Canada, Finance, Monetary Policy

Burden of Debt: A Discussion with Rep. Paul Ryan

July 22, 2010 9:00 am - July 22, 2010 11:00 am at The Brookings Institution, Falk Auditorium, 1775 Massachusetts Ave, NW, Washington, DC
A Budgeting for National Priorities Event
Tags: Finance, Monetary Policy, United States