Bank of Canada interest-rate cut predicted
Two economists predict the Bank of Canada will slash its benchmark interest rate from its current level of one per cent next year. CBC | Business News…
Italy’s borrowing rate hits 7% ‘danger’ zone
Italy’s key borrowing rate spikes well above the seven per cent level that eventually forced other eurozone countries to seek bailouts, amid uncertainty over who would lead the country when…
Flaherty update may retreat from deficit promise
Finance Minister Jim Flaherty is expected to release his economic update Tuesday, which may pull back from his promise to balance the budget by 2014. CBC | Business News…
Canada can meet 2020 emissions target, report says
The Conservative government is on the right track with its approach to greenhouse gas reductions, but it needs an extra push to reach its 2020 targets, a new report says.…
Fed-up clients ditch banks for ‘Transfer Day’
The social media-organized global backlash against big banks has begun, with thousands of fed-up customers yanking their money en masse from large corporate institutions to dump it into credit unions.…
Greek PM presses for coalition government
Greece needs a coalition government to ease the concerns of its partners in the eurozone, Prime Minister George Papandreou said before holding talks Saturday with President Karolos Papoulias. CBC |…
Big job losses push October unemployment to 7.3%
Canada’s unemployment rate rose to 7.3 per cent in October as the country lost 54,000 jobs, Statistics Canada said Friday. CBC | Business News…
World stock markets lower amid Greek fears
World stocks fell Thursday for the fourth straight day as a European deal to bail Greece out of its financial mess appeared to be on the verge of unravelling. CBC…
Greek PM holds firm on referendum pledge
Greece’s prime minister remains resolute over his shock decision to call for a referendum on a hard-fought European debt deal, despite anger from abroad, market turmoil across the world and…
European markets down after Greek referendum pledge
European markets took a pummeling in early trading as investors fretted over the surprise decision by the Greek prime minister to call a referendum on last week’s new bailout package…
