House prices expected to slip nationally: Royal LePage
The Canadian real estate market is headed for a "correction" and not a crash this year, with average prices across the country expected to decline by three per cent, Royal LePage said Tuesday.
Flaherty touts tax cuts as economic stimulus
Finance Minister Jim Flaherty is suggesting tax cuts and measures to revive the commercial paper market may be included in the federal budget when it's tabled in three weeks.
Drop in Nov. orders backs Fed claim that '09 will be tough for U.S.
The U.S. Federal Reserve thinks the American economy will get worse in the first half of 2009, according to minutes of the board's December meeting released Tuesday. And, right on cue, new orders for domestic manufacturers fell by twice as much as economists had expected, the U.S. Commerce Department also said Tuesday.
Corporate financings and mergers hit the economic wall in '08
Canadian companies decided to hold off new financings and mergers in 2008, according to two separate reports released Tuesday.
Small oil company lays off employees, predicts trouble for juniors
The president of a small oil company based in Calgary has laid off two employees and predicts other juniors are in "fairly serious financial trouble."
Truck plant in Chatham, Ont., faces another 200 job cuts
A truck plant in Chatham, Ont., that is already facing 490 layoffs at the end of this month will lose another 200 jobs.
Business prices drop by biggest amount ever in November
Canada's industrial price index experienced the largest one-month drop on record in November, according to figures released by Statistics Canada Tuesday.
Russia reduces gas flow to Europe
Reductions in supply by Russia's state gas company halted natural gas flow to several European countries Tuesday and severely cut back supply to others amid a price dispute with Ukraine.
Rogers adds close to 200,000 wireless subscribers in Q4
Rogers Communications said Apple Inc.'s iPhone helped boost their wireless customer base, with the company announcing Tuesday it had added 199,000 net subscribers in the fourth quarter of 2008.
Dorel to launch kids' car seat business in Brazil
Canada's Dorel Industries Inc. is launching a new division to manufacture and sell car seats in Brazil, the company announced Tuesday.
Kanata woos federal departments to fill high-tech void
Officials in Kanata want to fill empty space in their former high-tech hives with thousands of federal bureaucrats.
December auto sales stall
General Motors said Monday that its Canadian sales for December dropped 19.5 per cent from a year ago as the economy sputtered and many auto companies reported weaker sales.
Obama expects speedy passage of U.S. stimulus package
U.S. president-elect Barack Obama said Monday he expects Congress will approve a multibillion-dollar financial stimulus package within two weeks of his taking office.
Spend billions to boost economy: Canadian Centre for Policy Alternatives
Ottawa should spend $32.9 billion, or 2.1 per cent of GDP, in 2009 to stimulate the Canadian economy in 2009, the Canadian Centre for Policy Alternatives suggests. It says the economy would get a three per cent boost and 407,000 jobs would be created.
Caisse boss quits after short tenure
Only five months after he was named to the job, the head of Quebec's Caisse de d?t et placement is quitting.