Financial News

Globe & Mail: Flaherty ‘relatively confident’ of weathering economic storm

Posted by Jackelyn Ford on Tuesday, October 4, 2011
http://www.bnn.ca/News/2011/10/4/Flaherty-relatively-confident-of-weathering-economic-storm.aspx

Bily Curry, The Globe and Mail | October 4, 2011

Markets are dropping steeply, demand for Canada's oil is waning and the loonie's value no longer hovers above the greenback -- but Jim Flaherty says he remains confident new measures are not required for Canada to weather the current economic storm.

Speaking with reporters in Ottawa, the Finance Minister noted that he was feeling positive about ...


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BNN: The problem with China's $3 trillion in reserves

Posted by Jackelyn Ford on Monday, October 3, 2011
http://www.bnn.ca/News/2011/4/15/Chinas-3-trillion-in-reserves-more-a-bane-than-a-boon.aspx

Reuters | April 15, 2011

China's foreign exchange reserves have topped $3-trillion-and-counting, stoking inflation, knocking the economy off kilter and leaving the country's money managers with an impossible assignment.

At first glance, the eye-watering stockpile appears to be a symbol of China's fast-growing wealth. But on deeper inspection, the vast cash holdings are an unflattering testa...


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About These Articles


Jackelyn Ford These articles have been chosen because they provide a macro view of the financial world. This wide scope of articles can then be applied to aid your own personal financial situation. E.O.E.