| 1. |
Canadian dollar takes steepest one-day dive
The Canadian dollar posted its steepest one-day decline against the U.S. greenback Friday, dropping by 4.5 American cents. According to the Bank of Montreal's currency desk, the Canadian dollar was down 4.5 American cents in afternoon trading at 82.78 cents.
10 Oct 2008 |
| 2. |
Canada reacts to credit crisis by buying mortgages
Canada is buying up to $25 billion Canadian ($21 billion) in mortgages from the country's banks in an effort to maintain the availability of credit, the country's finance minister said Friday.
10 Oct 2008 |
| 3. |
Credit crisis hits Canada
The global credit crisis is starting to restrict the ability of Canadians to obtain loans for mortgages, cars and investments, Canada's finance minister said Thursday.
09 Oct 2008 |
| 4. |
2 banks pass on only part of Canada's rate cut
Two of Canada's biggest banks have declined to pass on to consumers the full half percentage point cut in interest rates announced by central banks around the world Wednesday, citing turmoil in raising money in turbulent financial markets.
08 Oct 2008 |
| 5. |
Two Canadian banks partly ignore central bank
Two of Canada's biggest banks have declined to pass on to consumers the full half percentage point cut in interest rates announced by central banks around the world.
08 Oct 2008 |
| 8. |
Canadian stocks plunge on global recession fears
Canada's main stock exchange plunged more than 1000 points, or 10 percent, in morning trading amid widespread economic fears. The Toronto Stock Exchange dropped 1,185.58 points or 10 per cent to 9,620.77 in midmorning trading as crude oil slid below $90 a barrel for the first time since early February.
06 Oct 2008 |
| 9. |
Jack Spitz, director of foreign exchange, National Bank of Canada
Dow Jones - "There's disappointment on the price action following last week's U.S. bailout measures, along with the fragmented response coming out of the European Union, equities are melting down, risk aversion is hitting another peak, and cyclical commodity currencies like the Canadian, Australian, and New Zealand dollars are all being battered."
06 Oct 2008 |
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