Obama Rallies the Troops for Upcoming G20 Meeting In an effort to diffuse recent tensions between the US and its trading partners over the € buy America € clause written into the recently-passed economic stimulus bill, President Obama called for G20 members to € take concerted action to spur global economic growth €. The G20 is set to meet this weekend in West Sussex near London.

More US Budget Deficit Reaches $765 Billion Just under half-way through the current budget year, the US federal budget deficit sits at $765 billion. More Dollar Drops as Stock Markets Continue Rally Although not as buoyant as € rally, Wall Street remained in positive territory as bank stocks once again led the. Reduced tax revenue and a dramatic increase in spending are being blamed for the record deficit which already surpasses last year € total operating shortfall of $454.8 billion.

More IMF Says Canada € Economy to Slow But Among First to Recover A report by the International Monetary Fund (IMF) said today that weakening foreign demand for Canada € exports and softer commodity prices will result in a slowing economy in the € near term € , but Canada is well-positioned to recover as the various economic stimulus plans help global economies to recover.