June 17, 2009 | Refinancing

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Archive for June 17th, 2009

Obama touts major rules to stave off economic crises

June 17th, 2009

The Canadian Press –
WASHINGTON – U.S. President Barack Obama proposed new “rules of the road” for the American financial system Wednesday, casting the changes as an essential response to the economic crisis and the greatest regulatory transformation since the Great Depression.

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Finance News

JPMorgan Chase joins Morgan Stanley, US Bancorp, BB&T in paying back TARP funds

June 17th, 2009

The Canadian Press –
NEW YORK – JPMorgan Chase says it has repaid in full the $25 billion in government bailout funds it received last fall.

Finance News

Pulp mills get $1-billion fuel injection from Ottawa

June 17th, 2009

The Canadian Press –
OTTAWA – The federal government says Canada’s struggling pulp and paper industry will be tossed a $1-billion lifeline.

Finance News

Gasoline prices rise for 50th straight day

June 17th, 2009

The Canadian Press –
NEW YORK – Retail gasoline prices climbed for the 50th straight day Wednesday, the longest streak in records dating to 1996, even as benchmark crude fell for the fourth day in a row.

Finance News

Time for ‘new world order’: Brazilian President

June 17th, 2009

AFP – ASTANA (AFP) – The global financial crisis has reduced the differences between nations and created the opportunity to form a new world order, Brazilian President Luiz Inacio Lula da Silva said Wednesday.

Finance News

Oil dips below $70 as US summer gasoline fears ease

June 17th, 2009

Reuters – LONDON (Reuters) – Oil prices fell below $70 a barrel on Wednesday, after a U.S. government report showed a surprise increase in gasoline supplies in the world’s top consumer heading into summer driving season.

Finance News

Downward Wednesday on TSX

June 17th, 2009

Baystreet.ca –
Canadian stocks have plunged again on Wednesday morning amid further weakness in the mining and energy sectors.

Finance News

Potash Corp. to reduce 2009 output by another 800,000 tonnes

June 17th, 2009

The Canadian Press –
SASKATOON – A slow begin to the U.S. planting season and extended negotiations with offshore buyers has resulted in another output reduction this year at Potash Corporation of Saskatchewan Inc. (TSX:POT).

Finance News

Obama vows biggest regulatory overhaul since 1930s

June 17th, 2009

AFP – WASHINGTON (AFP) – US President Barack Obama on Wednesday proposed what he said was the most sweeping overhaul of the financial regulatory system since reforms implemented after the 1930s Great Depression.

Finance News

Grande Cache Coal reverses year-ago loss; raises sales volume target

June 17th, 2009

The Canadian Press –
CALGARY – Grande Cache Coal Corp. (TSX:GCE) is back in the black after reporting a 70 per cent revenue jump for all of last year which helped reversed year-ago loss.

Finance News