CIBC World Markets Chief Economist Jeffrey Rubin thinks high energy costs could result in a sort of reverse globalization, as some overseas manufacturing is forced to return closer to home.
Rubin says the cost of shipping a standard 40-foot container from East Asia to the eastern U.S. has risen from $3,000 in 2000 to about $8,000, [...]

Canada’s economy, the world’s eighth-largest, expanded 0.2 percent in July, the most in four months, led by mining, wholesaling and financial services.
The increase reported by Statistics Canada today in Ottawa compares with no growth in June and matches the median estimate in a Bloomberg News survey of 19 economists.
Today’s figures suggest the economy is rebounding [...]