Mortgage purchase program a good first step, says BMO Capital Markets
More policy actions are likely to combat credit crunch
- By: James Langton
- October 13, 2008 October 13, 2008
- 15:50
More policy actions are likely to combat credit crunch
Removing barriers to investment and increasing investment in infrastructure are two of the proposed solutions
U.S. earnings season in full swing
Benchmark index drops 1,700 points on the week
Due to a technical issue on Toronto Stock Exchange, trading on 38 symbols was halted Friday morning. By early afternoon, the TSX reported that trading…
Credit crisis in the spotlight
Drop in commodity prices is a silver lining of sorts for major economies
Businesses report weaker sales
Party platforms diverge on personal and corporate taxes
Trade surplus widens
Markets tumble in Asia and Europe
Dow closes below 9,000
Economic downturn isn’t deep enough to warrant the massive erosion in energy and resource stock valuations
Central banks show leadership through co-ordinated action, economists say
Economic growth to fall below six-year average
European markets climb as ban on short selling ends
U.S. markets finish lower after volatile session
Bank of Canada lowers overnight rate target to 2.5%
Fed, Bank of Canada expected to trim rates by a further 50 bps at their upcoming rate announcements
Saskatchewan expected to lead provinces this year and next
Financial conditions are expected to remain very difficult
Starts down 5.7% year-to-date
UK announces banking rescue plan
Co-ordinated rate cuts and partial nationalization of the global banking system are going to be required