The Commerce Centre has announced that it will no longer be accepting new enquiries concerning bridging, residential or commercial loans, due to the current economic climate.
Neil Harkin, managing director of the centre, stated that the volatility of the global financial markets meant the business could no longer operate as it previously had.
With no end in [...]
HAVANA, Cuba (Reuters): Canadian tourists fleeing a harsh winter and buoyed by their strong dollar are flocking to Cuban beaches in record numbers and helping Cuba’s tourist trade end a two-year slump. Cuban hotel managers said a surge in Canadian %26quot;snowbirds%26quot; led to unprecedented tourism during the winter months of January through March. And prospects [...]
WASHINGTON–The world economy is in worse shape than expected because of the spreading credit crisis, finance ministers from the major industrial nations have concluded. %26quot;The turmoil in global financial markets remains challenging and more protracted than we had expected,%26quot; the Group of Seven ministers, including Canada’s Jim Flaherty, said in a statement last night [...]
SEOUL%26ndash;Samsung Electronics Co. trimmed its sales forecast for this year on global economic woes, but said profit will be up because of growth in key areas such as memory chips, flat-panel displays and mobile hand sets. Global economic uncertainty will continue this [...]
TOKYO —
Uncertainty over Japan’s economic outlook is “especially high” right now, a senior central bank official said Thursday.”The BOJ will act in a flexible manner,” Bank of Japan Deputy Gov. Kiyohiko Nishimura also said during a parliamentary session. He said global financial markets are also unstable.
“They are now in a process of risk revaluation,” Nishimura [...]
Ontario, Canada’s most populous province, forecast its fourth straight balanced budget for the next fiscal year, allowing it to boost spending on jobs training and pare business taxes as the economy slows.
Ontario’s C$558 billion ($549 billion) economy will grow 1.1 percent in 2008, about half the rate of last year and less than the government’s [...]
No one has a bigger bet on the Las Vegas residential real estate market than Tony Dennis.The Canadian is in charge of selling homes in the largest privately financed residential project in North America – the $8 billion CityCenter mixed use development on the downtown Vegas strip. But the odds, as they say in the [...]
WASHINGTON —
It’s been almost an article of faith: Any recession this year will be mild and brief. But now the stunning meltdown of a top Wall Street investment bank and stubbornly persistent financial market turbulence has called that into question, raising fears that severe problems in housing and the nation’s bedrock financial system could [...]
NEW YORK%26ndash;Delphi asked for an extension of bankruptcy protection Friday as the auto parts struggles to find loans in an inhospitable credit market. Delphi, seeking $6.1 billion in loans as credit markets seize up, has asked for a two-month extension. It said [...]
LONDON%26ndash;News and financial information provider Reuters, which is awaiting shareholder approval to seal a takeover by Canada%26#39;s Thomson Corp, said 2007 trading profit would be higher than anticipated. Reuters said it expected trading profit to be no less than 380 million pounds [...]
