The results of a survey from the National Association for Business Economics shows forecasters are not united on what might be best way to revive the economy.
The $787 billion economic stimulus package signed into law by President Barack Obama will have only a “modest impact in shortening the recession,” a survey of economists showed.
Just over [...]
Research In Motion Ltd. (RIM) executives have been fined with a total of more than $75 million in restitution and dues by Ontario Securities Commission (OSC), for back dating stock options which makes it the largest individual settlement levied by the regulator.
James Balsillie, Mike Lazaridis and Dennis Kavelman, executives at RIM must pay a [...]
Canada’s ambassador to the United States has openly warned American lawmakers their nation’s moral authority on global trade issues is being put at risk. Michael Wilson stepped up diplomatic pressure on U.S. senators yesterday to restrict “Buy American” policies, warning they could start the kind of worldwide trade retaliation that led to the Great Depression.
Wilson [...]
The Federal budget survived its first round in the House of Commons as Bloc Quebecois sub-amendment was rejected, while Ignatieff wanted to sleep on it and deliver his verdict today. The media portrayed mixed reaction from groups, individuals, economists and businesses.
Tories struggled to remain in power by calling it an action plan for “extraordinary” times, [...]
This week media’s focus is Stephen Harper and Jim Flaherty as they fine tune the most anticipated Canadian budget to attempt saving the nation from ravages of a global recession, but also decide the fate of the Conservative government and political careers of both men.
According to what I have been following in the news the [...]
Today the world awaits Obama’s formal swearing in as the President of the United States. There has been extensive media coverage regarding predictions about Obama’s inauguration and its effects on bailing out the U.S. economy from the global financial collapse, but the outlook seems to be rather bleak than hopeful.
I am following the media through [...]
The North American financial crisis took another plunge with Nortel Networks announcing bankruptcy but the name will still be prominent as a sponsor of the 2010 Winter Olympics in Vancouver.
The company filed for bankruptcy protection from creditors, deciding to stay in operation as a smaller entity. The Canadian Government immediately promised C$30 million in short-term [...]
Living in Vancouver this may seem unrealistic. Is it possible a house costs the same as a swanky fashion label handbag? Reports say, “Yes, it is.” In view of the current financial crisis real estate prices have been reported to be as low as $1000 for a house in Detroit and Cleveland.
Are the media making [...]
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