Home
globeandmail.com: Japan recession deepens, China cuts rates
In Ireland, shares in the three main banks soared following a 5.5 billion euros ($7.7 billion) government injection that leaves one of them under state control.
The government announced late on Sunday it would make an initial investment of 1.5 billion euros in Anglo Irish Bank, giving it 75 per cent control of the lender.
globeandmail.com: PM, McGuinty pledge $4-billion for auto makers
"Canadian taxpayers expect their money will be used to restructure and renew the automotive industry in this country," said Mr. Harper.
"They expect all stakeholders, and I emphasize all stakeholders to come to the table and work together towards sustainable long-tern solutions and they expect that Canada will maintain our current production share of the North American market."
reportonbusiness.com: Carney to banks: Lend, don't hoard
From Thursday's Globe and Mail
December 18, 2008 at 1:00 AM EST
TORONTO — Mark Carney is pointing a finger at the country's big banks for hoarding capital against a rainy day instead of doling out more loans, a choice the Governor of the Bank of Canada says is damaging the economy.
The public admonishment is an unusual move for a central bank governor, but Mr. Carney has recently decided to advocate more publicly for certain government policies and bank behaviours.
reportonbusiness.com: Economy to shrink in '09: Flaherty
December 17, 2008 at 4:32 PM EST
SASKATOON — Finance Minister Jim Flaherty has lowered his official economic outlook to an outright contraction next year.
Canada's gross domestic product will shrink 0.4 per cent in 2009, compared with a November estimate of growth of 0.5 per cent, Mr. Flaherty said Wednesday after a meeting with his provincial and territorial counterparts in Saskatoon.
The forecast is based on the average of 16 private sector forecasters. Canada's economy hasn't shrunk on an annual basis since the early 1990s.
SF-BluePrint-WP Theme | SlipFire Theme Demo Site
SF-Blueprint WP Theme 0.7
reportonbusiness.com: Best Buy offers staff buyouts after profit falls 77%
December 16, 2008 at 9:11 AM EST
MINNEAPOLIS — Best Buy Co., the biggest consumer electronics retailer in the United States, said Tuesday that its third-quarter profit sank as it faced dramatic changes in consumer spending and added it will offer buyout packages to nearly all its corporate employees in an effort to cut costs.
globeandmail.com: PM's economic flip: 'I've never seen such uncertainty'
From Tuesday's Globe and Mail
December 16, 2008 at 3:30 AM EST
OTTAWA — Stephen Harper has delivered his bleakest forecast yet for the Canadian economy, warning yesterday the future is increasingly hard to read and conceding the possibility of a depression.
A recession is often defined as two consecutive quarters of shrinking economic output.
The definition of a depression is less established, but is considered to be a prolonged recession where output declines by more than 10 per cent.
reportonbusiness.com: Bank of Canada makes deep cut
December 9, 2008 at 9:07 AM EST
OTTAWA — The Bank of Canada has dramatically cut its key interest rate by a hefty three-quarters of a percentage point, blaming a “broader and deeper” global slowdown for driving Canada into recession.
The central bank's overnight lending rate now stands at 1.50 per cent, a generational low and the likes of which have not been seen since the 1950s.
Top Tags
Sponsored Links
View All Recent Tags (50)
- 12crisis6,
- 11example,
- 8twitter,
- 8must read,
- 7tools,
- 5crisis8,
- 5marketing,
- 4ethics,
- 3macroeconomics,
- 3WordPress,
- 3crisis7,
- 3teaching,
- 3entrepreneurship,
- 2themes,
- 2email,
- 2tips,
- 2GM,
- 2publishing,
- 2resume,
- 2twitter news,
- 2teaching philosophy,
- 2politics,
- 2economics,
- 2innovation,
- 2chrisbrogan,
- 2blog,
- 2business,
- 1apps,
- 1ifart,
- 1crisis9,
- 1hoarding,
- 1forecasting,
- 1depression,
- 1wiki,
- 1usb,
- 1windows,
- 1freeware,
- 1utilities,
- 1software,
- 1BOC,
- 1gmail,
- 1istuff,
- 1hacks,
- 1mobile,
- 1read later,
- 1monkey story,
- 1marketing research,
- 1motorintelligence,
- 1intellignece,
- 1lobbying
Public Tags (241)
Wanda NYT's Public Lists (0)
No lists have been created yet.
"List" is a great way to organize, share and display your specific collection of bookmarks.
Highlighter, Sticky notes, Tagging, Groups and Network: integrated suite dramatically boosting research productivity. Learn more »
Join Diigo