Bank of Canada cuts overnight rate target to 4%
Markets climb in response to the move
- By: Regan Ray
- January 22, 2008 January 22, 2008
- 10:25
Markets climb in response to the move
4% jump in gasoline prices a major factor
Asian markets plunge again
U.S. recession fears prompt global selloff
Both the Toronto Stock Exchange and the TSX Venture Exchange will be closed for Family Day on Monday, February 18. Family Day brings Ontario’s long…
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Five fastest growing cities still west of Ontario
Jump in auto sales offset declines in other sectors
Oil slides on economic jitters
Although some question its efficacy
Canadian National Railway, Suncor to report quarterly earnings
Despite trimmed losses, markets still close lower after four-day plunge
But economists say challenges still to come
China and Brazil will lead the way in 2008
A mid-2008 rebound is expected
GE earnings rise 4%
Toronto stocks fell further Thursday after fears of a slowdown in the U.S. economy hammered commodity issues to help push the TSX down more than…
Institute looking for an overnight rate of 4%
Interest rate differential between Canada and the U.S. widened in November
Jobless claims decline
U.S. markets fall back after afternoon rally
But risk of domestic recession low
Outlook warns to keep an eye out for sudden drop in employment