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Bank of Canada

                   

The Canadian Press News Budget for Friday, Oct. 10, 2008

tmcnet.com
Oct 11, 2008
        

Via Acquire Media NewsEdge) Here is a recap of the top Canadian stories for Friday. The federal government is buying up $25 billion in residential mortgages to give the chartered banks additional cash to issue loans, Finance...

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US Dollar: Will We See A Reversal Early Next Week?

actionforex.com
Oct 10, 2008 6 related
        

Flight-to-safety triggered major gains for the US dollar on Friday, as volatility remained exceptionally high in the market. In fact, the CBOE's VIX Index surged to a record high as Moody's Investors Service said that they may...

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The Week Ahead Canada & U.S.: U.S. CPI and Retail Sales

economicnews.ca
Oct 10, 2008
        

It will once again be a volatile week for markets, with data having little impact on market moves. According to some traders, the news over the weekend from the G7 meeting will play a big role in what happens in markets during...

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Oil prices plunge to 13-month low on global slowdown

canadianbusiness.com
Oct 10, 2008 55 related
        

Stevenson Jacobs, The Associated Press NEW YORK - Oil prices plunged in another violent sell-off Friday, briefly tumbling below US$78 a barrel as investors grow more pessimistic about the prospects for resolving a mushrooming...

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Canadian mortgage market fundamentals remain strong

advisor.ca
Oct 10, 2008 3 related
        

October 10, 2008 | Mark Noble The federal government's decision to purchase $25 billion of mortgages from the Canadian banks is being viewed as a precautionary, rather than necessary move, to put liquidity in the mortgage...

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canada.com: Jim Flaherty says Ottawa is prepared to 'take any additional measures canada.com

Feds buy $25B in mortgages

thestar.com
Oct 10, 2008 119 related
        

DAVID COOPER/TORONTO STAR FILE PHOTO The credit crunch crisis has forced the Canada Mortgage and Housing Corp. to buy up $25 billion in mortgages from Canadian banks. Julian Beltrame THE CANADIAN PRESS OTTAWA–The federal...

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ctv.ca: Employees of MISEX (Moscow Interbank Currency Exchange) use phones during a suspended session in Moscow, Tuesday, Oct. 7, 2008. Russia's federal market regulator suspended trading on Moscow's stock exchanges Tuesday, a day after the benchmark RTS index suffered its biggest-ever one-day loss. ctv.ca

Credit crisis sparks another selloff

thestar.com
Oct 10, 2008 495 related
        

The Toronto stock exchange was down over 300 points late Friday morning with energy stocks again getting stomped as oil prices continued to retreat and financial stocks moved lower even as the government announced help for...

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canada.com: Think tank Global Insights cut its forecast for growth in Canada's economy this year to 0.6 per cent from 0.8 per cent and next year to 0.9 per cent from 1.7 per cent. However, there will not be two consecutive quarters in which the economy contracts, so it is not predicting a recession for Canada. canada.com

Canadian job growth stuns; government to aid banks (Reuters)

yahoo.com
Oct 10, 2008 25 related
        

Reuters - The Canadian economy created more than 10 times the number of jobs expected in September, figures released on Friday showed, while the government unveiled a plan to buy insured mortgages to help cushion banks from the...

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Energy stocks push TSX down 300 points

thestar.com
Oct 10, 2008 10 related
        

The Toronto stock exchange was down more than 300 points late Friday morning with energy stocks again getting stomped as oil prices continued to retreat and financial stocks moved lower even as the government announced help for...

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Business lending tighter in third quarter, senior loan officers say

cjbk.com
Oct 10, 2008 16 related
        

TORONTO - Canadian businesses have seen a "widespread tightening" of lending conditions, according to senior loan officers surveyed by the Bank of Canada. The people in charge of business loans at ...

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