May 31, 2008

Growing bad loans swamp efforts to help homeowners

Newly delinquent mortgage borrowers in the U.S. outnumbered people who caught up on their overdue payments by two to one last month, a sign that nationwide efforts to help homeowners avoid default may be failing.

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Rousseau leaves Caisse for private sector

Henri-Paul Rousseau, the head of the Caisse de depot et placement du Quebec, is stepping down to take a senior position with Power Corp. of Canada.

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Fund leader sells oil, buys banks

Pierre Bernard, whose IA Clarington Canadian Leaders Fund outperformed 96% of rivals in the past year by emphasizing energy companies over banks, is switching back.

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Toronto stocks soar on commodity price rally

The Toronto Stock Exchange’s main index pushed almost 1 percent higher on Friday as it rode the strength of resource issues, which benefited from firm commodity prices.

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Is Canada recession-bound?

It was the first decline in annualized growth in nearly five years and the weakest in the Group of Seven, behind the United States, Britain, Europe and even Japan.

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Airlines switching to paperless ticketing system

The switch to electronic ticketing is expected to save the industry US$3-billion a year, according to IATA figures. While it costs up to $10 to process one paper ticket, it costs only about $1 to produce an e-ticket, the organization says.

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Canadian dollar falls on faltering economy

The Canadian dollar fell 0.4% against its U.S. counterpart on Friday after data showed the economy contracted in the most recent quarter for the first time in five years, all but confirming the Bank of Canada will cut its key lending rate in June.

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City of Condos: From boom to gloom?

Jacqueline Thorpe looks at both sides of the issue: Are we headed for a bust or is it smooth sailing ahead in the property market?

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The politics of rice in Burma - OneWorld.net

RTE.ieThe politics of rice in BurmaOneWorld.net, UK - May 30, 2008TI: The Irrawaddy basin is one of the important “rice bowls” in Southeast Asia and very important for Burma’s economy. Since this rice bowl has been …Burma to let in all aid workers ITV.comUM physician assistant devoted to Burmese relief prepares for next … U-M Health System NewsBan Ki-moon to meet Burma leader BBC NewsBangkok Post - Independentall 1,215 news articles

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A year in India - Boston Globe

Boston GlobeA year in IndiaBoston Globe, United States - 8 hours agoNone of it's odd, but it's all mostly rice-based, so it gets a little redundant. I love appam, a Keralan rice-based steamed pancake that you eat with …

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