Specialty insurer to cut costs by US$20 million in 2009
Rates to stay low for the foreseeable future, economists say
The Great-West Life Assurance Co. has placed a temporary moratorium on redemptions from its Canadian Real Estate Investment Fund No. 1 effective the close of business Dec. 15.The fund is a segregated fund that holds a diversified portfolio of high-quality income producing properties. “Given the current economic environment, redemption requests have recently increased. Real estate […]
Province appoints economic advisory panel to address market uncertainty
$20 billion deficit is a price worth paying for a faster recovery and a return to consumer confidence
Housing starts tumble to record low
Unemployment rate to climb to 7%
Net foreign debt falls, led by Canadian direct investment abroad
Goldman Sachs posts US$2.12 billion Q4 loss
Panel finds four instances of inadequate supervision