Toronto stocks plunge
Commodities slide on fresh uncertainty over Greek bailout terms
- By: Morrison Malcolm
- September 28, 2011 September 28, 2011
- 15:26
Commodities slide on fresh uncertainty over Greek bailout terms
Outlook for global and Canadian economies has worsened since earlier projections
Economists paint a bleak picture of economy as Commons Finance Committee begis its pre-budget consultations
Volatile conditions are likely to continue
Second downturn would mean more job cuts and tighter household finances
Leaders are looking beyond Greece itself to the impact it would have on European banks in an effort to prevent the contagion from spreading
G20 finance ministers to meet in Washington
Core inflation approaching central bank’s 2% target
Flaherty may have no choice if economic conditions continue to slide
World can avert another economic shock if policy-makers act
Analysts expect BoC governor will use speech to dispel fears that Canada is poised for another recession
Commodity prices slip
European, Asian markets retreat
Corporate balance sheets are strong, but the market is not looking at fundamentals
RIM selloff weighs on market
BlackBerry maker’s results fail to meet analyst expectations
Weakness in housing and manufacturing