France’s triple A credit rating at risk: Fitch
Special report examines the implications of weaker economic growth and the potential cost of the eurozone crisis
- By: James Langton
- November 23, 2011 November 23, 2011
- 10:00
Commodities sell off amid raft of grim economic news
While Europe remains the biggest risk factor, the current gridlock in Washington also has the potential to derail the U.S. economy all on its own
US$1.2 trillion of debt could be pulled from the global economy next year, estimates BCA Research
Wall Street down
Whether it’s sluggish growth or a mild recession, investors face an environment of very low yields and slow corporate profit growth
Nine of 11 sub-sectors advance
No deal on U.S. deficit reduction
U.S., Europe debt woes rattle investors
Commodities weaken; uncertainty boosts the greenback
The most likely scenario is that Europe “will continue to muddle along in a constant state of financial crisis”
Increases in corporate tax revenue offset by declines in personal income taxes, royalties and investment revenue
Despite the weak earnings, financial flexibility remains strong, Moody’s says
European markets slide
U.S. will be operating on a short week because of the U.S. Thanksgiving holiday
Volume slips
Pressure on European rates ease
Increased access to the lucrative Gulf market will help buoy West Texas Intermediate prices
Corporate earnings have surprised on the upside, yet more than half of companies have failed to beat expectations
Bank of Canada gains flexibility on interest rates
Five of 10 components rise
Commodities rise amid European debt fears
TSX, Dow post triple-digit losses
Canadian investors reduce holdings of foreign bonds