Smoke billows during a fire in an area of the Amazon rainforest near Humaita, Amazonas State, Brazil on Aug. 14, 2019. (Photo: Reuters/Ueslei Marcelino)

Market value alone is selling nature short, governments told

Economic valuations needed but 'not sufficient,' co-chair says

Reuters — What is the value of a river? Is it for the nutritional content of the fish it sustains? The economic benefit of the local livelihoods it supports? Or does the river have its own value which humans cannot measure? Such questions may seem removed from the issues the world faces, from deepening climate



Comment: China’s population is about to shrink

The world’s biggest nation is about to shrink. China accounts for more than one-sixth of the world’s population. Yet after four extraordinary decades in which China’s population swelled from 660 million to 1.4 billion, its population is on track to turn down this year, for the first time since the great famine of 1959-61. According



“Narratives play a role in spreading inflation exponentially like a virus, turning it into a mass phenomenon with feedback loops and self-fulfilling prophecies.” – Pascal Blanque, Amundi Institute.

Comment: Inflation narrative a ‘virus’ and policy headache

Once the expectation of inflation is established, it’s tough to root out

Reuters – Central banks risk losing the battle for stable prices as long-dormant inflation narratives and memories reawaken, adding a more complex psychological twist to task than simply tightening monetary policy. Far from being solely an excess money thing, as strict monetarists insist, many economists reckon the return to a high inflation regime relies as

The Bank of Canada has raised rates by half a percentage point and said more increases were coming to fight inflation.

Canada inflation surges to 31-year high

Inflation left analyst expectations in the rear-view mirror in March

Reuters – Canada’s annual inflation rate accelerated faster than expected in March, hitting a 31-year high amid broad price pressures, official data showed April 20, pointing toward another oversized rate hike from the Bank of Canada in June. The headline rate hit 6.7 per cent in March, well above analyst expectations of 6.1 per cent


Rising commodity prices, energy shortages, capacity constraints in manufacturing, errors in demand forecasting and rising interest rates are themselves all potential triggers.

Comment: Commodity prices likely to be hit by slowdown before end of 2023

The current price expansion is already getting a bit long in the tooth

Reuters – Prices for a wide range of commodities have climbed to their highest level for seven years or more as drillers, miners and farmers struggle to keep up with booming demand as the economy recovers from the pandemic. Energy prices are at the highest level since 2014 while non-energy prices are the strongest since

Bank of Canada plans new tools to assess climate impact on economy

Increases in the frequency and severity of extreme weather events seen in coming years

Reuters – The Bank of Canada will develop new models and data sources to better understand how climate change is impacting Canada’s economy, and will include these findings in its quarterly forecasts to help markets price risks. The central bank, in a release tied to the UN’s COP26 global climate summit, said it will assess


Photo: daoleduc/iStock/Getty Images Plus

Canada economy seen weaker than expected as supply chain woes weigh

Ottawa | Reuters – The Canadian economy most likely underperformed expectations in the third quarter amid ongoing supply chain woes and a brutal drought, official data suggested on Friday, prompting analysts to forecast the Bank of Canada could move slower on rate hikes. The economy expanded by 0.4 percent in August, missing estimates, and looked

Dale Nething, 86, waits on the steps as his son Don Nething, 62, troubleshoots the combine after it broke down while being used to harvest corn in Ravenna, Ohio, October 11, 2021. Manufacturing meltdowns are hitting the U.S. heartland, as the semiconductor shortages that have plagued equipment makers for months expand into other components. Supply chain woes now pose a threat to the U.S. food supply and farmers’ ability to get crops out of fields.

Price pinch: global economy caught in perfect storm

Rising costs, shortages and a lack of workers are all weighing in

London|Tokyo|Reuters – From beef bowls in Tokyo to fried chicken in London, consumers are starting to feel the pinch from the surge in costs coursing through the global economy. The rebound as coronavirus restrictions are eased has exposed supply chain shortages, with firms scrambling for workers, ships and even fuel to power factories, threatening the fledgling economic recovery.