September, 2009 | Refinancing

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Archive for September, 2009

U.S. stocks lighten up

September 30th, 2009

U.S. stocks were in and out of positive and negative territory Wednesday.

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GDP revision shows recession winding down

September 30th, 2009

<p>AFP – WASHINGTON (AFP) – The US economy moved closer to emerging from recession in the second quarter, according to revised data Wednesday showing a smaller-than-expected 0.7 percent pace of output decline.</p><br clear=all>

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InterRent REIT shareholders approve property management agreement with CLV Group

September 30th, 2009

&lt;p&gt;The Canadian Press – <br>TORONTO – InterRent Real Estate Investment Trust (TSX:IIP.UN) unitholders have approved a one-year property management agreement with CLV Group, dealing another setback to major stakeholder Northwest Value Partners Inc.<br>&lt;/p&gt;&lt;br clear=all&gt;

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Magna shares fall 2.2 per cent after Fiat says it won't renew Chrysler contract

September 30th, 2009

&lt;p&gt;The Canadian Press – <br>TORONTO – Shares of auto parts maker Magna International Inc. (TSX:MG.A) fell 2.5 per cent in afternoon trading, with possible negative pressure coming from a report that Fiat is considering dropping a contract to build Chrysler vehicles at Magna's European plant.<br>&lt;/p&gt;&lt;br clear=all&gt;

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TransCanada to spend $1.2 billion on new gas-fired power plant in Ontario

September 30th, 2009

&lt;p&gt;The Canadian Press – <br>CALGARY – TransCanada Corp. (TSX:TRP) has won a contract to build a $1.2-billion natural gas-fired power plant west of Toronto, as the Calgary-based company continues to add to its presence in Ontario's power market.<br>&lt;/p&gt;&lt;br clear=all&gt;

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Young Canadians saving less than their parents, survey suggests

September 30th, 2009

&lt;p&gt;The Canadian Press – <br>Young Canadians are saving less than their parents and grandparents did at the same age, with young men being the worst at sticking to a budget, according to the results of a new survey.<br>&lt;/p&gt;&lt;br clear=all&gt;

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Loonie hits 1-week high on oil despite flat GDP

September 30th, 2009

&lt;p&gt;Reuters – TORONTO (Reuters) – The Canadian dollar shot to a one-week high against the U.S. currency on Wednesday as it tracked buoyant oil and gold prices and shrugged off figures that showed the domestic economy did not grow in July.&lt;/p&gt;&lt;br clear=all&gt;

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Aerospace slowdown blamed for 410 job cuts at Pratt and Whitney Canada

September 30th, 2009

&lt;p&gt;The Canadian Press – <br>LONGUEUIL, Que. – Pratt and Whitney Canada says it plans to cut 410 jobs from its global workforce and close a Montreal-area plant by the end of next year as a result of weakness in the aerospace market.<br>&lt;/p&gt;&lt;br clear=all&gt;

Finance News

Canadian economy stalls in July, putting in doubt hopes of stronger rebound

September 30th, 2009

&lt;p&gt;The Canadian Press – <br>OTTAWA – The Canadian economic recovery ran into a wall in July, stunning expectations and creating new doubts about just how long it will take for production and jobs to rebound to pre-recession levels.<br>&lt;/p&gt;&lt;br clear=all&gt;

Finance News

Canada GDP flat in July, raising recovery concerns

September 30th, 2009

&lt;p&gt;&lt;a href=&quot;http://ca.news.finance.yahoo.com/s/30092009/6/finance-canada-gdp-flat-july-raising-recovery-concerns.html&quot;&gt;&lt;img src=&quot;http://d.yimg.com/bg/p/090930/reuters/btre58t0zd300btre58t0zd300t54325080.jpg&quot; align=&quot;left&quot; width=&quot;150&quot; height=&quot;103&quot; /&gt;&lt;/a&gt;Reuters – OTTAWA (Reuters) – Canada's economy stagnated in July, the government said on Wednesday, raising doubts about whether gross domestic product would return to solid growth in the third quarter.&lt;/p&gt;&lt;br clear=all&gt;

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