Shares of the two biggest providers of financing for U.S. home loans tumbled for a third day as concern escalated that the government may be forced to start a rescue of the companies.
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U.S. Treasury Secretary Henry Paulson said on Friday that his chief aim at present is to back government-sponsored mortgage finance companies Fannie Mae and Freddie Mac in their “current form,” giving no sign a government bailout of them was imminent.
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Media company reports loss in the third quarter
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Canada’s unemployment rate edged up to 6.2% in June as the number of full-time jobs offset gains in part-time positions, Statistics Canada said Friday
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Prices for new homes in Canada rose 4.1% in May from a year earlier, the slowest pace in almost six years, led by weakening markets in Alberta and British Columbia, Statistics Canada said Friday.
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Canada put in a surprisingly strong merchandise trade performance in May with the surplus with the world rising as exports to countries other than the United States reached their highest level ever and exports to the U.S. remained strong, Statistics Canada said Friday.
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Stephen Harper says he’s sticking to his guns when it comes to boosting ethanol production
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The parent of Bell Canada announced this morning a new executive team that is comprised entirely of incumbent executives, save for one sort-of outsider: executive vice-president David Wells, who is returning to Bell, where he worked for the first 25 years of his career
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It has arrived. Apple Inc.’s latest iPhone was officially launched worldwide today with consumers from over 20 countries, including Canada, getting their first look at the much-anticipated iPhone 3G.
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When a Disastrous Regime ContinuesThe Seoul Times, South Korea - 8 hours agoBurma, which was once known as the rice bowl of Asia, has slowly lost the volume of rice production. Four decades of non-governance under the military rule …
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