August 19, 2008

Oil prices dip as storm threat subsides

Crude fell below US$113 a barrel Monday as fears eased that Tropical Storm Fay would damage major oil and gas infrastructure in the Gulf of Mexico.

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Visa, 8 lenders to test real-time fraud alerts

The world’s largest cred-card issuer and eight U.S. and Canadian lenders have launched a pilot program designed to alert cardholders in real time that they might be victims of fraud.

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Household debt now rising faster than wealth: CIBC

The debt of Canadian households is now rising faster than their wealth in the wake of the stock market correction and a housing market slowdown, a major financial institution said Monday.

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Border, port infrastructure upgrade crucial for trade: Prentice

Federal Industry Minister Jim Prentice acknowledged Monday that Canadian trade prospects are at risk unless it does more, and quickly, to upgrade its
border and port infrastructure.

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Foreign investment reaches record level

Total foreign investment increased for the seventh month in a row in June, completing a record second-quarter, Statistics Canada reported on Monday.

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TSX inches up on resource issues

The Toronto stock index finished slightly higher as a rise in resource shares offset nagging fears of more fallout from the credit crunch.

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Housing market cooling, but not like U.S., says bank

The housing-sector misery is set to continue for sometime in the U.S., while the Canadian market is showing signs of a cool-down, according to the Scotia Economics real estate trends report released Monday.

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Visits to Canada drop, especially from U.S.

The number of American travelers coming into the country fell from May to June continuing a broad decline, Statistics Canada reported on Monday.

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Appeal court backs ABCP restructuring plan

The Ontario Court of Appeal has given a green light to the $32-billion restructuring of Canada’s frozen third-party asset-backed commercial paper (ABCP) market.

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President visits 2 hospitals for medical tests - Inquirer.net

President visits 2 hospitals for medical testsInquirer.net, Philippines - 11 hours agoHer visit to St. Luke’s Medical Center came a day before Ms Arroyo reportedly suffered an upset stomach after she ate bilo-bilo (glutinous rice balls) and …Spokesman explains Arroyo's pre-statement outburst GMA news.tvall 3 news articles

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