The price of gold, and many other commodities backed off as hedge funds engaged in strategic selling.
Fewer Americans applied for unemployment benefits last week, a sign that the job market may be improving slightly.
U.S. Federal Reserve chairman Ben Bernanke has proposed no new steps to boost the American economy, hinting that Congress may need to act to stimulate hiring and growth.
Another new stock market is set to debut in Canada, this time in the hands of New York investment bank Goldman Sachs.
There was some disconcerting economic news out of the U.S. this morning, with job growth stagnating and inflation on the rise.
As the markets recover from the downgrade of America’s long-term debt, attention has turned back to the Old World. European leaders are debating the usefulness of a common euro-bond as a means of propping up the increasingly rickety monetary union. The key question is over Eurobonds is who will be left holding the bag on […]
U.S. President Barrack Obama called on Congress to create more jobs and stimulate the economy, while dismissing Friday’s downgrade of the U.S. credit rating by Standard & Poors. “We didn’t need a rating agency to tell us we need a balanced long-term approach to deficit reduction,” he told reporters. “Markets will rise and fall. But […]
Second quarter market volatility dealt a blow to the earnings of GMP Capital, which has reported net income of $5.1 million in net income, down from $24.1 million in the corresponding quarter last year. “We’re highly sensitive to market conditions in the mid-cap segment,” said CEO Harris Fricker. “To date, I don’t think its any […]
President Barack Obama warns the U.S. will lose top credit rating in default, urges people to pressure Congress.
Fears of a September interest rate increase were partially allayed this morning, when StatsCanada reported lower than expected inflation for the month of June. The overall inflation rate for the 12 months ended June 30 was 3.1%, down from 3.7% for the year ending May 31. More importantly, the core inflation rate declined from 1.8% […]