Capital markets unit no longer viable
The U.S. Federal Reserve, working to combat the effects of a severe credit crunch, announced Friday it had auctioned another $US20 billion in funds to commercial banks at an interest rate of 4.67%.The central bank said it had received bids for US$57.7 billion worth of loans, nearly three times the amount being offered, indicating continued […]
Manufacturing output rises 0.8%, after declining for two months
Ontario sales decline 0.5% in October
Alternative trading system expected to launch in 2008 first quarter
Proposed amendments would remove limits on foreign property
Loonie trading above parity with U.S. greenback
The Toronto stock market finished higher Thursday as gains in mining and technology shares offset losses in the financials group.The S&P/TSX composite rose 17.19 points, or 0.13%, to close at 13,407.01.Seven of the 10 TSX main groups ended higher.Research in Motion saw big gains after reporting quarterly results. RIM stock moved up 4.43%, to close […]
Wall disciplined for misdeeds
Asset allocation and investment objective amended