October 10, 2008
BCE and Telus announce joint network upgrade
BCE Inc.’s Bell Mobility unit announced it will be partnering with Telus Corp. to upgrade its wireless network to the 3G standard nationwide.
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Spokesman Alan Boras said EnCana has not changed plans to send out an information circular in November, hold a shareholders’ vote in December, and close the transaction early in the new year. However, the company recognizes there is a lot of uncertainty in the financial markets.
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The Bush administration may push for a global backstop of interbank lending along with a U.S. government program to buy shares of major banks in an effort to stabilize the battered financial sector and reeling markets.
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Canadians will likely have the markets on their minds over the coming week and likely for some time to come.
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The Canadian dollar closed at its lowest level since March 2007 against the U.S. dollar on Friday, taking its biggest one-day slide in nearly 38 years, as fears of a global recession and slumping commodity prices trumped some better than expected economic data.
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The main index of the Toronto Stock Exchange tumbled almost 6% on Friday as the latest wave of panic swept through global equity markets, wiping billions of dollars more from investor portfolios and pushing commodity prices sharply lower.
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Ottawa on Friday committed to taking a sequence of escalating steps to protect Canada’s banks and prevent a collapse in the financial system as part of a joint plan agreed to in Washington by the world’s richest countries
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The world’s rich nations vowed Friday to take all necessary steps to unfreeze credit markets and ensure banks can raise money
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With the chance of a recession now a real possibility and federal budget surpluses already razor thin, the next prime minister will face a major ideological challenge: Let federal finances slip into the red or cut spending to balance the budget and risk pushing the economy into deeper distress.
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Boston GlobeRISING SEAS AND POWERFUL STORMS THREATEN GLOBAL SECURITYOpEdNews, PA - Oct 9, 2008The production of more than half the country's rice and most of its fish and shrimp depends on seasonal flooding in this area; the risk, however, …Five things you need to know today Naperville Sunall 647 news articles
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