Interview with Marcel Gaudreau, Quebec Representative in Mexico

Interview with Marcel Gaudreau
The General Delegate of Quebec in Mexico speaks about the bright perspective of this bilateral relationship and the opportunities to enhance it even further (In Spanish).

GLOBAL ECONOMY

A World of Risk
In emerging markets, the clash between politics and profits poses multiple threats.

The Immigration Debate
Why does the Canadian public accept immigration in a way that the American public does not?


FINANCE AND ACCOUNTING

How IFRS Could Change Corporate Finance
Colleen Cunningham, CPA, explains how a move to IFRS in the U.S. could give rise to new litigation concerns and encourage outsourcing of certain finance functions.

Beef Up Internal Audit
Some tips on how CPAs who oversee or conduct internal audits can take their group to the next level.


INTERNATIONAL FEDERATION OF ACCOUNTANTS

The Flying Dutchman
Former Ernst & Young partner, vice president and controller of the World Bank, and chief internal auditor of the European Commission, Jules Muis explains how to stabilize the international financial architecture.


MEXICO AND LATIN AMERICA

Mexico: The Comeback Kid
The gap with China on labor costs is now so narrow that many manufacturers are relocating to Mexico, taking advantage of its proximity to the U.S. market.

Brazil launches scheme to lift millions out of poverty
The project aims to build on current programs, which are credited with raising 20 million Brazilians out of poverty over the past decade.


"Two roads diverged in a wood, and I… I took the one less travelled by, and that has made all the difference."
Robert Frost


OTHER TOPICS

The Bilingual Advantage
A cognitive neuroscientist, Ellen Bialystok has spent almost 40 years learning about how bilingualism sharpens the mind.


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KEY MEXICO STATISTICS
May 11 / Apr 11 / Mar 11

Exchange Rate: MXN to USD
11.6510 / 11.7384 / 12.0082

Exchange Rate: MXN to EUR
16.7369 / 17.0842 / 16.7517

Exchange Rate: MXN to CAD
11.9804 / 12.1492 / 12.2850

Exchange Rate: MXN to GBP
19.0793 / 19.1718 / 19.1070

Country Risk (basis points)
147 / 137 / 128

Bolsa (IPC BMV)
35,833 / 36,963 / 37,440

Cetes 28d
4.43% / 4.50% / 4.30%

Inflation
3.36% / 3.04% / 3.57%

UDIs
4.580857 / 4.591694 / 4.588899

International Reserves (M USD)
127,982 / 125,305 / 121,885

(Source: Mexico Central Bank)