Without the massive amounts of government cash, both the Canadian and U.S. economies would be in even worse shape. As grim as the numbers are, they do point to a looming recovery.

The recession is over, the Bank of Canada said in its quarterly Monetary Policy Report released Thursday. But don't break out the champagne just yet.

The end may be in sight for Canada's recession, but it will have to "crawl out of a deeper hole" than anybody expected, economists said Friday.

The Bank of Canada has released their July Monetary Policy Report which details the current state of the Canadian economy.

Georgia Gov. Sonny Perdue suggests the best way to overcome American protectionism is through greater co-operation between states and provinces.

The Canadian dollar's rally in the second half of July has set the stage for a return to parity with its U.S. counterpart by year's end, if not sooner.

The coffee and doughnut chain that's a Canadian icon has made a breakthrough south of the border. Despite a tough economic climate, Tim Hortons Inc. said sales and profit south of the border are exceeding expectations.

President Barack Obama's choice as the next U.S. Ambassador to Canada says he will work to calm frayed nerves over Buy American legislation as soon as his posting to Ottawa begins.

The world’s best roller coasters are hard pressed to match the recent gyrations in natural gas prices. From last year’s extraordinary heights, prices plunged 42% in one month, swifter than for most commodities, and a huge surprise to many analysts. Do recent price movements make sense?

Located in Waterloo, Ontario, GABAE Development has recently completed the construction of a new world-class R&D and product development facility in Canada's High Technology Triangle. To make this possible, GABAE has partnered with venture capital firms in both Waterloo and Dallas, Texas. The firm also carries out technology and business development for third-party clients, including product and process development, factory construction, and contract manufacturing.

The Canadian and U.S. business communities express growing concern over ominous trends referred to as the "thickening" of the border. A "thick" border—which is associated with new or increasing fees and inspections, uncertainty over onerous wait times, layers of rules and regulations from different departments, more stringent requirements once compliance is achieved, and infrastructure impediments—is an expensive border.

The Canadian dollar has risen rapidly over the past couple of weeks and is now up 13 per cent since the beginning of the year. While Canadian markets were closed for the civic holiday on Monday, the dollar kept climbing to almost 94 cents (U.S.). Here's a roundup of some of the Globe's recent coverage of the rising loonie.

In a globalized economy, it is often difficult to say where a product was actually made. For example, there is a huge transfer of parts to GM Detroit from GM Canada in Windsor, Ontario, which is actually geographically south of Detroit and right over the border. Were GM building cars under the Buy American provision, this type of transfer would be illegal.

Canada was Oregon’s top foreign partner in 2007, purchasing nearly 16% of the state’s merchandise goods. In fact, Canada and Oregon enjoyed a profitable exchange worth more than $5.4 billion. Oregon supplied its northern NAFTA partner with $2.6 billion in goods and purchased $2.8 billion worth, making this growing partnership an important driver in the Pacific Northwest economy.