Opening bell: Stocks on the way up
The U.S. House of Representatives votes on the bailout package another time
- By: IE Staff
- October 3, 2008 October 3, 2008
- 08:31
The U.S. House of Representatives votes on the bailout package another time
Chairman of Canadian Accounting Standards Board says measuring fair value in turbulent times can be very difficult
Global economic uncertainty is weighing heavily on investors as S&P/TSX composite index, DJIA fall to lowest level in years
Head of international banking lobby group says crisis underscores the need for regulatory reform
But economists predict rates to drop by 75 basis points by the end of Q3 2009
Bailout plan will not be enough to fix the ailing U.S. economy, the firm argues
Even though there were no new issues on the TSX, it might not yet be the bottom of the market for IPOs, PwC report suggests
Reduced U.S. exports and tight credit threaten an economy that’s now on the brink
The Senate’s passing of the US$700-billion bailout bill can’t qualm concerns about the economy
It remains to be seen whether the CSA or other jurisdictions follow suit
Investors on both sides of the border are awaiting the U.S. Senate’s vote on the revised bailout plan
A looming U.S. recession, slowing growth in Europe, falling oil prices and tightening credit conditions are the likely culprits
Added incentives such as higher bank deposit insurance and tax cuts were designed to get the bill passed
Candidate profile: Diana Cabott
Highlights include an all-time high investment for smart grid companies, algae companies and thin-film solar companies
Tighter lending standards and fragile confidence are expected to impact spending heavily
Changes to failed bailout plan are expected to help it gain passage through both the Senate and House of Representative this week
Bargain hunting drives stocks to regain some of Monday’s losses
Only the NDP believes that Canada should stick with the current passport model
Americans unlikely to support bailout until financial pain felt on Main Street; but it may be too late by then
But panel of financial services industry experts says things could get ugly in the short term
But Canada experienced a higher than expected gain in the GDP in the same month
Investors are expected to go bargain hunting as hopes of a renewed bailout plan begin to emerge
Scotia Economics report suggests that reduced leverage will limit the downturn in Canada
Paul Martin stresses that the G8 should reflect the current and future makeup of the global economy if another financial crisis is to be averted