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Surging economy gets off to a good start in the fourth quarter — but there’s one big problem

·6h ago
Source: MarketWatch
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Warning signs are emerging that consumers will be hit with rising prices.

This article is an excerpt. To read the full content, visit the original source. MarketWatch

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The crisis in France will not stay in France. Canada, beware

Open this photo in gallery:Workers remove graffiti from the pedestal of the equestrian statue of Louis XIV at the Place Bellecour in Lyon, ahead of nationwide protests against the cost of living and rising fuel prices in France, Oct. 23. Lisi Niesner/ReutersJohn Rapley is a contributing columnist for The Globe and Mail. He is an author and academic whose books include Why Empires Fall and Twilight of the Money Gods. What happens in France won’t stay in France. The country, mired in riots and a worsening economic crisis, is but the weak link in a global chain. Although Canada may be spared the worst if a bondfire breaks out, it won’t avoid getting singed by the spreading flames. At one time during my academic career, I had an annual teaching gig in the south of France. Spring in Provence has its virtues, not least since as a visiting professor I had no administrative or supervisory duties. After a morning seminar, I’d enjoy wine-fuelled “working” lunches in bistros off cobblestoned lanes, then spend the afternoon idling with my notebook in a cafe, nursing pastis. Someone had to do it. And I could see why the French would never want to give up this way of life.

The Globe and Mail Business·