Bank of Canada Raises Interest Rates to Tackle Inflation and Address Mounting Debt Levels June 8, 2023 In a move aimed at curbing inflation and addressing the growing concern of excessive household debt, the Bank of Canada recently made the decision…
Dow Jones – The Crash of 2008 October 9, 2008 The Crash of 2008 crushes stocks in a wild last hour of trading. The Dow’s loss tops 7%; the S&P 500 drops 7.6%. Investors…
Dion’s Support Grows; May Deny Harper a Majority October 8, 2008 In September, Canadian Prime Minister Stephen Harper said Canada would NOT fall into recession, but on October 6th, the TSE fell more than 1000…
Open source in a time of recession October 8, 2008 No one questions the fact of recession any more, although we have yet to confirm a single quarter without growth, let alone two. Tech…
British Nationalize the Banks October 8, 2008 The UK government has announced details of a rescue package for the banking system worth up to £50bn ($88bn). It will initially make the…
Canada will be in a recession – The fundementals are not sound? October 6, 2008 Posted: October 06, 2008, 8:01 AM by Jonathan Ratner Market Call Declining GDP in the fourth quarter of this year and the first quarter…
At one point the TSX falls below 10,000 October 6, 2008 The S&P/TSX composite index has fallen below the psychologically significant 10,000 point mark for the first time in more than three years. The last…
Geroge Bush blames the financial crisis substaintial foreign investment and a subsequent increase on bad consumer credit from greedy Wall Street bankers September 24, 2008 A state of the afairs to squash fears amongst citizens in the United States of Amerca is sure to send ripple affects…
We should stay the course! Isn’t that what the captain of the Titanic said before it sank? September 16, 2008 By Jim Stanford We all know the Conservatives are the “rational economic managers,” right? After all, their tax cuts, free trade agreements, and tough-love…
Lehman Files for Biggest Bankruptcy in American History, rumors of warnings with AIG and Citibank and the coming market meltdown September 15, 2008 Sept. 15 (Bloomberg) — Lehman Brothers Holdings Inc., the fourth-largest U.S. investment bank, succumbed to the subprime mortgage crisis it helped create in the…
