Toronto / Reuters Canada’s Liberal government believes the federal budget will be balanced in “about” five years due to higher growth spurred by deficit spending, Finance Minister Bill Morneau said. Speaking on CTV’s “Question Period” political news show, Morneau said the budget unveiled on March 22 will bring economic growth that the government hopes will eventually cancel out the C$17.7 ...

Bloomberg Federal Reserve Bank of San Francisco President John Williams said the global economy, particularly China and Brazil, was having a significant impact on measures that U.S. policy makers watch to determine interest rates. The world’s largest economy is doing “quite well,” Williams said on Monday in an interview on CNBC, citing stable inflation and strong employment growth. The U.S. ...

Bloomberg Mariele Santarosa limits her social outings and shopping now that business at her Sao Paulo dental practice has dropped 80 percent in a year, a victim of Brazil’s longest recession in at least a century. “Many people lost their jobs and go to the dentist only when in pain,” said Santarosa, 35, who spent a recent Saturday morning browsing ...