The Toronto Stock Exchange’s main index bounced back from the big losses of the day before on Wednesday, spurred by a rebound in resource sectors and a strong quarterly profit from fertilizer firm Agrium.
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American International Group Inc., the world’s largest insurer, posted its third consecutive quarterly net loss, hurt again by the writedown of derivatives linked to bad mortgage investments.
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Looking to avert the next financial market meltdown, a group of Wall Street executives Wednesday proposed a series of far-reaching reforms aimed at cracking down on the risks taken by big banks.
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Saskatchewan will lead all provinces in economic growth this year, while Ontario, the country’s largest regional economy, will suffer through a difficult year, said forecasters at the Conference Board of Canada.
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TransAlta Corp said on Wednesday that a proposal by LS Power Equity Partners and Global Infrastructure Partners to buy the Canadian power producer for $7.8-billion undervalues the company.
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Canadian auto supplier Magna International Inc. is warning of more pain ahead in North America’s ailing car industry, significantly scaling back its estimate of the number of new vehicles automakers will build this year and slashing its own 2008 sales forecast by US$1.2-billion.
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Canada’s dollar fell to the lowest in almost a year against a strengthen U.S. currency as economic growth slows and prices of commodities drop from record highs.
Domestic bond prices rose, reversing some of Tuesday’s losses after the U.S. Federal Reserve’s interest rate decision and statement.
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Solar energy and wind power might be able to reverse the rise in electricity prices, but they won’t put a dent in runaway oil prices. Cars and trucks run on gasoline and, barring a major technological breakthrough, will continue to do so no matter how much solar, wind or wave we can tap. In the meantime, where there are cars, there will be pain.
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Canadians are more uncomfortable talking about money than religion, says a Bank of Montreal survey out Wednesday showing we are losing sleep over personal finances and our biggest fear is not having enough to retire.
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Voice of AmericaSAARC Food Bank to be set upKuensel, Buhutan’s National Newspaper, Bhutan - 2 hours ago“For instance, everybody in Bhutan now wants to eat rice and eats rice. Earlier, many Bhutanese didn’t eat rice, our staple was different,†he told Kuensel. …South Asia SAARC 'food bank' to be housed in Bangladesh: Sri Lanka … Lanka Business OnlineSAARC 15, Colombo: Anything in it ? American ChronicleStrategy to achieve food and energy security among SAARC nations India Infoline.comThe New Nation - Ceylon Daily Newsall 790 news articles
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