Friday, July 3rd18.6°C
25993
26494

IMF chief Lagarde warns that nations must adopt bold policy actions to boost global recovery

WASHINGTON - The head of the International Monetary Fund warns that leading nations need to embrace bold policy steps to accelerate a still-modest and fragile global economic recovery.

IMF Managing Director Christine Lagarde says that as the world still struggles to emerge from the 2008 financial crisis, economies are under threat from tensions involving Ukraine and Russia to inaction in countries that should be driving growth.

Lagarde says the European Central Bank should consider lowering interest rates further and using unconventional policies to support growth and fight inflation that is too low.

Her comments came in a speech previewing next week's meetings of global finance officials in Washington.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14637.99+84.66
S&P CDNX671.58+0.09
DJIA17730.11-27.80
Nasdaq5009.21-3.91
S&P 5002076.78-0.64
CDN Dollar0.7966-0.0007
Gold1168.70+5.70
Oil57.32-0.29
Lumber288.50+0.40
Natural Gas2.845+0.023

 
Okanagan Companies
Pacific Safety0.165+0.005
Knighthawk0.010.00
QHR Technologies Inc1.55+0.03
Cantex0.05+0.01
Anavex Life Sciences0.455+0.004
Metalex Ventures0.075+0.010
Russel Metals22.87+0.14
Copper Mountain Mining1.14-0.02
Colorado Resources0.065-0.015
ReliaBrand Inc0.006+0.000
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.16-0.03
Decisive Dividend Corporation2.50+0.42

 



26480

FEATURED Property
23387222308 Pine Vista Place
4 bedrooms 3 baths
$605,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Active listening

Has this ever happened to you? You had an initial meeting with a prospect. You asked that prospect what seemed to be all the right questions. You had what felt to you like a good conversation, and bas...


The price of money

Money is not a commodity. By definition, a commodity is a generic product that is bought and sold on price alone. Money, Canadian bills for example, look the same, smell somewhat the same, and are ava...


TFSA strategies

Photo: Thinkstock.comThe federal government has increased the annual contribution limit of Tax-Free Savings Accounts (TFSA) to $10,000. Going forward, the annual limit will no longer be indexed to inf...

_








Member of BC Press Council


25143