June 3, 2009 | Refinancing

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Archive for June 3rd, 2009

Commodities weigh on TSX

June 3rd, 2009

Baystreet.ca –
Commodity stocks led the way to a tumble of almost 300 points on the Toronto stock market today while the Canadian dollar retreated more than two U.S. cents.


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Finance News

‘Buy American’ retaliation will hurt everyone: minister

June 3rd, 2009

The Canadian Press –
OTTAWA – commerce Minister Stockwell Day says municipalities which try to retaliate against protectionist measures south of the border will just make matters worse.


Finance News

Economists see long string of job monthly job losses in store for Canada

June 3rd, 2009

The Canadian Press –
OTTAWA – New employment data coming out Friday are expected to show thousands of Canadian jobs were lost last month, as the North American auto sector continued a massive restructuring.


Finance News

TSX falls 2.7 percent as energy shares rattled

June 3rd, 2009

Reuters – TORONTO (Reuters) – Toronto’s main stock index closed sharply lower on Wednesday as a drop in oil prices rattled its weighty energy sector and opened the door to profit-taking following the market’s big climb since March.


Finance News

Energy prices slump on surplus of oil in storage suggesting rally premature

June 3rd, 2009

The Canadian Press –
SIOUX FALLS, S.D. – Oil prices took a dive Wednesday after a U.S. government report on unused crude in storage suggested the rally in energy prices may have been premature.


Finance News

Oil’s drop, recovery worry knock Wall Street

June 3rd, 2009

NEW YORK (Reuters) – Stocks tumbled on Wednesday, halting a four-day winning streak, as falling oil prices hit energy shares, while less upbeat economic reports rekindled worries about recovery prospects.

Finance News

Jobless rates in U.S. cities zoom higher in April

June 3rd, 2009

WASHINGTON (Reuters) – The weak labor market is hurting U.S. cities — centers of many industries and large housing markets — with 93 metropolitan areas registering an unemployment rate of at least 10 percent in April, according to Labor branch data released on Wednesday.

Finance News

U.S. to unveil regulatory reform plan June 17: source

June 3rd, 2009

WASHINGTON (Reuters) – The Obama administration plans to unveil on June 17 its sweeping plan to overhaul financial regulation, according to a source familiar with thinking at the U.S. Treasury branch.

Finance News

GM, Chrysler say dealer cuts crucial to turnaround

June 3rd, 2009

WASHINGTON (Reuters) – Top executives of bankrupt General Motors Corp and Chrysler LLC defended slashing their dealer networks, telling Congress on Wednesday that eliminating more than 2,300 dealerships was crucial to saving the companies.

Finance News

Jobless rates in U.S. cities zoom higher in April

June 3rd, 2009

WASHINGTON (Reuters) – The weak labor market is hurting U.S. cities — centers of many industries and large housing markets — with 93 metropolitan areas registering an unemployment rate of at least 10 percent in April, according to Labor branch data released on Wednesday.

Finance News