A look at economic developments and activity in major stock markets around the world Friday:
FRANKFURT — With Greece overdrawn and no one eager to foot the bill, Europe’s messy debt crisis has exposed a fundamental weakness among the 16 countries that share the euro: different and often diametrically opposed approaches to spending don’t make for [...]
Archive for the ‘Canada Finance’ Category
Stocks end mixed after China slows lending again
February 12th, 2010 by Financial Writer
Tags: economic developments, major stock, money surging, real estate prices, stocks
more...The United States ranked as the top economy in terms of innovation and efficiency
September 8th, 2009 by Financial Writer
Switzerland pushed the United States out of the top spot as the planet’s most competitive economy while Canada moved up one to ninth, according to rankings released Tuesday.
The World Economic Forum said the tiny landlocked European country received high marks for its banking system, established infrastructure and stable inflation and growth policies in the group’s [...]
Tags: canada economy, top economy, usa conversion
Employment Insurance rolls increased in June
August 25th, 2009 by Financial Writer
The number of Canadians collecting regular Employment Insurance benefits jumped 5.1 per cent in June, according to Statistics Canada.
About 816,000 Canadians collected EI benefits in June, up 39,500 from the previous month.
The largest percentage increases came in Alberta, British Columbia and Newfoundland and Labrador, Statistics Canada said. The agency says the number of beneficiaries increased [...]
Tags: benefits, Canada, Employment Insurance
unemployment will peak at 9.3%
August 25th, 2009 by Financial Writer
In the first quarter of this year, economists at the Conference Board of Canada began to revise down their economic estimates. In October last year, they had predicted that Canada would avoid a recession all together.
Chief economist Glen Hodgson admitted Friday that the board, using a mathematical model to produce its forecasts, had been not [...]
Tags: Canada, economic estimates, unemployment
TSX and U.S. markets fall
July 28th, 2009 by Financial Writer
The benchmark S&P/TSX composite index was down more than 190 points in early afternoon trading Tuesday.
Every sub-index had fallen, with the biggest drops in gold, mining, materials and energy.
One month TSX trading The composite was at 10,577 at 1:30 p.m. ET. However, it had been even lower, touching 10,521 shortly before noon.
In the United States, [...]
Tags: Canada, markets fall, TSX, U.S. markets
Volkswagen Canada sales were the highest in nine years
July 3rd, 2009 by Financial Writer
June sales at Ford of Canada jumped 25 per cent while sales at General Motors Canada fell 31 per cent, the companies said Thursday.
The results put Ford ahead of GM in total Canadian sales in June, 27,408 units to 22,334.
GM’s car sales were down almost 40 per cent, and truck sales down nearly 20 per [...]
Tags: Canada, Canadian sales, Card sales, South Korean vehicles
Gas prices to rise 3.4 cents a litre today
May 20th, 2009 by Financial Writer
Liberal MP and gas price watchdog MP Dan McTeague is warning drivers to expect a 3.4 cent a litre increase in the price of regular gas today.
That brings the average price in the Toronto area to 97.7 cents per litre, but closer to the dollar a litre mark in Montreal and Vancouver. The price of [...]
Tags: Canada News, Gas Prices, Toronto Economy