Spend like there's no tomorrow or save till it hurts? Now that the recession is here, once free-spending Canadians have made the shift to thrift.
How much longer can gold rise?As the precious metal continues to soar, naysayers abound. But a few things need to happen before the yellow fever cools off.
U.S. facing an economic exodus?As the United States loses ground to the emerging markets of China, India and Brazil, the opportunities that beckon may spur more Americans to seek their fortunes there.
- Farewell to Wall St.'s lost decade
The era will be remembered for two burst financial bubbles and a rogue's gallery of scoundrels who rewarded themselves well and delivered very little.
Stocks open weak as U.S. third quarter GDP growth revised downwardTORONTO - North American stock markets got off to a weak start Tuesday after data showed weaker than expected economic growth in the U.S. during the third quarter.
Bank of Montreal Q4 profit rises to $647 million; revenue rises to $3 billionTORONTO - Bank of Montreal (TSX:BMO) said Tuesday its latest quarterly profit rose 16 per cent from the year-earlier level as revenues increased, provisions for loan losses were reduced and its Canadian operations showed strong profit growth.
- George Weston reports $86-million profit in third quarter
TORONTO - George Weston Ltd. (TSX:WN), one of Canada's largest bakery and grocery companies, says it had a $86-million profit in its latest quarter.
GM Europe chief in Germany: Opel plan to be put to unions this week, 9,500 job cuts expectedDUESSELDORF, Germany - General Motors Co. will present to unions on Wednesday its restructuring plan for the Opel unit, expected to include up to 9,500 job cuts, the carmaker's top official in Europe said Tuesday.
- Economy grows at 2.8 per cent pace in 3rd quarter, rebound slower than first thought
WASHINGTON - The economy grew at a 2.8 per cent pace last quarter, as the recovery got off to a slower start than first thought.
- Home prices rise in Sept. in 4th straight monthly increase in a sign of a housing turnaround
WASHINGTON - Home prices rose slightly in September, the fourth straight monthly increase and a clear sign the housing market recovery is continuing.
H.J. Heinz posts lower 2nd-quarter profit; sales increase; lifts full-year earnings outlookPITTSBURGH - H.J. Heinz Co.'s second-quarter profit dropped 16 per cent from last year, when the company's results were boosted by currency shifts.
- EI recipients rise 7.1% in September, up 63% from a year ago: StatsCan
OTTAWA - The number of people receiving regular Employment Insurance benefits rose by 54,300, or 7.1 per cent in September after two months of declines.
- Stocks open weak as U.S. third quarter GDP growth revised downward
TORONTO - North American stock markets got off to a weak start Tuesday after data showed weaker than expected economic growth in the U.S. during the third quarter.
- Action Economics morning alert
(Action Economics) - 05:59 EST Oil prices are little changed ahead of tomorrow's U.S. Energy Department report, which is expected that stockpiles rose 1.5m barrels in the week ending November 20, according to a Bloomberg survey.
- Canadian Economic Calendar
(Action Economics) - A look at upcoming economic events in Canada:
- U.S. Economic Calendar
(Action Economics) - A look at upcoming economic events in the U.S.:
- British sterling FX trader
(Action Economics) - 24-Nov-09 10:39 - GBP traded on the heavy side over the BoE hearing to the Treasury Committee.
- Japanese Yen FX trader
(Action Economics) - 24-Nov-09 05:36 - JPY was range bound in Asia, with USD-JPY hemmed in by good two-way order flow.
- US Dollar FX trader
(Action Economics) - 23-Nov-09 18:03 - The dollar maintained a softer tone through mid morning in N.Y.
- Australian dollar FX trader
(Action Economics) - 24-Nov-09 05:38 - AUD-USD came under pressure after it keyed off the broad reduction in risk.
