Stock markets end day lower
Investors on both sides of the border are awaiting the U.S. Senate’s vote on the revised bailout plan
- By: Megan Harman
- October 1, 2008 October 1, 2008
- 16:07
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
Congress's rejection of U.S. bailout plan leads to staggering losses
Analysts and insiders expect central banks to inject liquidity and cut rates in an effort to prevent credit from drying up
The drivers of Ontario’s past success are long gone; it’s now time for the province to set its sights on a new type of prosperity
But the proposed bill is more limited than the one originally drafted as it provides more oversight and limits on executive compensation
Legislation is expected to restore flow of credit to households and businesses
Selloff continues as banking problems persist
Sees more than 1 million exchange trades for four days in a row
Current market more difficult than “even the most bearish” predictions
But with a fundamentally stronger mortgage regime, the downturn will not be as severe as that of the U.S.
New market cap-weighted index designed to track the companies traded on the Nasdaq OMX Europe marketplace also launched