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Canada jobless, trade deficit figures a gloomy read

Nov 30, 1999
Canada's unemployment rate has risen to an 11-year high and the trade deficit to a record, government figures showed Friday. But despite the gloomy results, evidence suggests global trade flows will recover by the end of the year and lift Canada over...

Gold sweeps to record above US$1,080

Nov 30, 1999
Gold swept to a record high above US$1,080 per ounce on Tuesday, defying dollar strength as the International Monetary Fund's 200 tonne sale of gold to India's central bank boosted sentiment toward the metal.

Recession could end this summer: economists

Nov 30, 1999
With the Canadian economy shrinking severely in the first quarter, although not, according to Statistics Canada data released Monday, as deeply as initially feared, analysts are now talking about the road to recovery that could begin as early as the...

Roubini warns of double-dip downturn

Nov 30, 1999
Nouriel Roubini, one of the few economists who accurately predicted the magnitude of the world's recent financial troubles, sees a "big risk" of a double-dip recession, according to an opinion piece posted on the Financial Times' website on Sunday.

U.S. retail sales fall less than expected

Nov 30, 1999
Sales at U.S. retailers fell in September, but rose excluding motor vehicles for a second straight month in September, raising cautious optimism consumer spending could support the economic recovery.

Back to business 'as usual' for Magna after Opel failure

Nov 5, 2009
Magna International Inc. reported a third quarter profit of US$51-million or 45¢ a share, will refocus on its main auto supply business and is not weighing a purchase of any other vehicle manufacturer following its failure this week to buy General...

Next-generation 300 sedan an expensive decision: Marchionne

Nov 5, 2009
Chrysler Group LLC is planning to build a completely revamped version of its once-popular 300 full-sized sedan at its Brampton, Ont. factory next year. But if the company’s new chief executive had his way, the replacement likely never would have seen...

2007 oil sands frenzy dogs new Horizon project

Nov 5, 2009
Canadian Natural Resources Ltd. says overheated oil patch led to labour, equipment problems on new $9.7-billion operation

Insurance earnings disappoint investors

Nov 5, 2009
If investors were hoping for a few rays of sunshine from the life insurance sector yesterday, they were disappointed as Sun Life Financial Inc. and Manulife Financial Corp. both reported worse-than-expected third quarter results

CPP flexes buyout muscle in deals worth US$11B

Nov 5, 2009
The investment arm of the Canada Pension Plan has emerged as one of the most aggressive buyout firms in North America: Announces a US$5.2-billion takeover of IMS Health, separate unsolicited bid for Australia’s biggest toll-road operator


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