U.S. faces longest recession in 20 years: economist

Oct 21, 2008
Financial Post, Canada -
SAN FRANCISCO -- Canada's largest trading partner will likely be in recession until late 2009, but slowing global economies, particularly in China, also pose a threat to Canadian growth, Jay Brinkmann, the chief economist of the U.S. Mortgage Bankers Association said ...

Top Paterson aide Charles O'Byrne did not pay taxes due to 'non-filer syndrome', his lawyers say

Wednesday, October 22, 2008
New York Daily News, NY -
By KENNETH LOVETT and GLENN BLAIN ALBANY - Lawyers for top Paterson administration aide Charles O'Byrne claimed Wednesday he failed to pay taxes for five years because he has "non-filer syndrome." "There is a non-filer syndrome that exists," O'Byrne lawyer Richard Kestenbaum insisted."; ...

U.S. faces longest recession in 20 years: economist

Oct 21, 2008
Financial Post, Canada -
SAN FRANCISCO -- Canada's largest trading partner will likely be in recession until late 2009, but slowing global economies, particularly in China, also pose a threat to Canadian growth, Jay Brinkmann, the chief economist of the U.S. Mortgage Bankers Association said ...

FP Posted: Analysts comment on cut

Oct 21, 2008
Financial Post, Canada -
The Bank of Canada cut its overnight interest rate target 25 basis points to 2.25%, citing three reasons: severe strains in financial markets will induce the global banking sector to continue to reduce leverage, restraining growth for some time; the global economy appears to ...

Central bank holds its firepower

Thursday, October 23, 2008
Financial Post, Canada -
While all about have been losing their heads, the Bank of Canada seemed determined to keep its yesterday. The central bank cut its benchmark lending rate by a quarter of a percentage point to 2.25%, forgoing the more forceful half-point cut many Bay Street economists had ...

Currency swept up in commodities crash

Wednesday, October 22, 2008
Financial Post, Canada -
Norm Betts/Bloomberg News; Behrouz Mehri/AFP/Getty ImagesSome analysts see the drop in crude and the loonie reaching a near-term trough, but others say both have further to drop. The Canadian dollar plunged another US2.69 cents Wednesday, the victim ...

Commodities send TSX into nose-dive

Wednesday, October 22, 2008
Financial Post, Canada -
Toronto Stock Exchange's main index plunged yesterday, hit by disappointment over a smaller-than-expected rate cut by the Bank of Canada and by falling commodity prices. The market had largely expected the Bank of Canada to cut its key rate by 50 ...

Commodities send TSX into nose-dive

Wednesday, October 22, 2008
Financial Post, Canada -
Toronto Stock Exchange's main index plunged yesterday, hit by disappointment over a smaller-than-expected rate cut by the Bank of Canada and by falling commodity prices. The market had largely expected the Bank of Canada to cut its key rate by 50 ...

FP Posted: Analysts comment on cut

Oct 21, 2008
Financial Post, Canada -
The Bank of Canada cut its overnight interest rate target 25 basis points to 2.25%, citing three reasons: severe strains in financial markets will induce the global banking sector to continue to reduce leverage, restraining growth for some time; the global economy appears to ...

Why the Bank of Canada pulled its punch

Wednesday, October 22, 2008
Financial Post, Canada -
Chris Wattie/ReutersBank of Canada governor Mark Carney signalled the bank will cut further if necessary. While all about have been losing their heads, the Bank of Canada seemed determined to keep its Tuesday. The central bank cut its benchmark lending rate ...

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These articles are related to: Public Finance