Canadian Economy

Alice and Arthur John of Ross River, Yukon, have been married since 1932. That year, the couple took part in an arranged marriage ceremony in the Dena’ina tradition. Three years later, in 1935, they ... read the rest, if you wish , at article source
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TORONTO – Toronto and U.S. stock markets racked up losses Thursday amid a contraction in Chinese manufacturing that drove Tokyo’s Nikkei index down to levels not seen in more than two years. The SP/TSX composite index fell 94.14 points to 12,658.09, while the Canadian dollar rose 0.73 of a cent to 97.14 cents US....
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WASHINGTON – President Barack Obama’s nominee for commerce secretary was questioned briefly about her ties to a subprime mortgage lender that failed in 2001 and her role as a beneficiary of family offshore trusts in the Bahamas, but those were minor bumps in an otherwise smooth Senate confirmation hearing Thursday. Chicago billionaire business executive...
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By Matt Spetalnick and Roberta Rampton WASHINGTON (Reuters) – President Barack Obama on Thursday shifted the United States away from a “boundless global war on terror,” restricting deadly drone strikes abroad and signaling that America’s long struggle against al Qaeda will one day end. In a major policy speech, Obama narrowed the scope of...
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NEW YORK, N.Y. – It was another ugly quarter for Sears Holdings Corp. The beleaguered department-store chain reported a steeper-than-expected loss for its first quarter on slumping sales. It also announced that it is considering selling its protection-agreement business in an ongoing effort to raise cash as it struggles to reverse its fortunes. The...
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NEW YORK, N.Y. – An afternoon recovery in U.S. stock markets helped oil reverse early losses Thursday. Benchmark West Texas Intermediate crude for July delivery fell three cents to close at US$94.25 a barrel on the New York Mercantile Exchange. The price sank as low as $92.21 in the morning after weak manufacturing data...
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Everyone knows by now to be careful what you tweet: parents could read it, employers could read it, and in the case of a rash tweet made by a British woman, the police are reading it, too. ... read the rest, if you wish , at article source
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TORONTO – TD Bank Group (TSX:TD) is looking to cut costs as low interest rates appear likely to put pressure on profit margins for at least another year. “Finding current-year cost savings is not enough,” president and chief executive Ed Clark said during a conference call Thursday. “We continue to focus on more permanent...
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FRANKFURT – European Central Bank President Mario Draghi said it was “imperative” that Europe’s leaders create a new agency with powers to restructure busted banks in order to help the region leave its economic and financial crisis behind it once and for all. In the text of a speech to be delivered in London...
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MONTREAL – Dorel Industries is dipping its toe in the retail bicycle business by opening a concept store on the outskirts of New York City. The maker of Cannondale, Schwinn and other bicycle brands will open a Long Island store in two weeks to test its product and marketing initiatives with consumers. Chief executive...
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