Mon Dieu! Canada may pay a Coloradan to teach its soldiers to speak FrenchOctober 9th, 2009 Mon Dieu! Coloradan may teach French to CanadiansCOLORADO SPRINGS, Colo. — The Canadian military plans to hire a Colorado woman to teach some of its soldiers to speak French — one of Canada's official languages.
Euromoney names Canada's Flaherty top finance ministerOctober 7th, 2009 TORONTO - Canada's Jim Flaherty has been named the finance minister of the year by Euromoney magazine. The honour comes after the World Economic Forum rated Canada's performance as the best among G8 economies in the current global crisis.
Moody's: Drop in corporate default rates expected following peakSeptember 21st, 2009 Moody's: Drop in default rates expectedNEW YORK — Based on past economic trends, Moody's Investors Service on Monday forecast that the corporate default rate would drop rapidly after peaking at the end of this year. The rate is expected to hit 12.6 percent in December, then slide to 4.3 percent by August 2010, Moody's said.
Justice Department confirms probe into credit default swapsJuly 16th, 2009 Feds confirm probe into credit default swapsWASHINGTON — The Justice Department says it is investigating the credit derivatives industry. Department spokeswoman Laura Sweeney said Wednesday the antitrust division is probing possible anticompetitive practices in the credit derivatives clearing, trading and information services industry.
Markit says it is being investigated by US Justice Department over credit default swapsJuly 14th, 2009 Markit says being probed by US DoJLONDON — Trading information services company Markit Group Ltd., said Tuesday it is being investigated by the U.S. Justice Department in relation to the market for credit default swaps.
Canada's jobless rate jumps to 8.6 percentJuly 11th, 2009 TORONTO - The unemployment rate in Canada, the most robust of all G8 economies during the current global crisis, has jumped to 8.6 percent, a national report here has said. Releasing the report Friday, Statistics Canada said 47,500 jobs were lost in June in this nation of about 33 million people.
Canada sheds 7,400 jobs in June, pushing unemployment rate to 8.6 percentJuly 10th, 2009 Canada's unemployment rate rises to 11-year highTORONTO — Canada lost 7,400 jobs in June as the unemployment rate climbed to its highest level in 11 years. Statistics Canada announced Friday that the unemployment rate rose to 8.6 percent last month from 8.4 percent in May.
Canadians prefer Obama to domestic politiciansJuly 5th, 2009 TORONTO - US President Barack Obama is more popular with Canadians than any domestic politician, a new poll has found. According to the Canadian Press Harris-Decima survey, nearly three-quarters of Canadians think that the U.S.
Few notes tendered to McClatchy debt exchange offerJune 26th, 2009 Few take up McClatchy debt exchange offerSACRAMENTO, Calif., — The McClatchy Co.'s offer to exchange debt for a fraction of its value met a 9 percent acceptance rate, the newspaper publisher said Friday. The Sacramento-based company had hoped to exchange $1.15 billion in debt for $60 million in cash and $175 million in new notes to reduce its debt load in the face of a severe decline in advertising revenue.
Treasury to detail plan to clamp down on credit default swaps, other derivativesMay 13th, 2009 Treasury to detail plan for credit default swapsWASHINGTON — Treasury Secretary Timothy Geithner will announce a plan on Wednesday to strengthen federal regulations governing over-the-counter derivatives, a class of financial instruments that includes the risky contracts that helped bring down AIG. Sen. Christopher Dodd, a Connecticut Democrat who chairs the Senate Banking Committee, says he has been told that the administration will "really tighten down" on them.
India-South Africa draw recalls 1974 apartheid default winMay 13th, 2009 JOHANNESBURG - The Davis Cup draw of India against South Africa in the tennis tournament has recalled memories of a controversial final in 1974 between the two countries which South Africa won by default. India refused to play against South Africa because of the country's firm resolve to continue the protest it had launched against apartheid in 1947 at the United Nations.
Canada unexpectedly adds 35,900 jobs in April, analysts expected 50K declineMay 9th, 2009 Canada adds jobs in April, analysts expected lossOTTAWA — Canada unexpectedly gained 35,900 jobs in April as the unemployment rate remained at a seven-year high of 8 percent, Statistics Canada said Friday. However, all of the job gains were in the self-employed category, which is normally a sign of labor market weakness.
Canadians view Hinduism positively, not Islam and SikhismApril 24th, 2009 TORONTO - Canada may claim itself to be the most multicultural country in the world, but Canadians still harbour prejudices and racial stereotypes, says a survey by the nation's premier magazine. According to the survey by Maclean's weekly, almost half of Canadians believe that Islam promotes violence.
Canadians view Hinduism positively, not Islam, SikhismApril 24th, 2009 TORONTO - Hinduism is the most positively viewed religion after Christianity in Canada, where many believe that Islam promotes violence and so does Sikhism, says a survey by a premier magazine. According to the survey by Maclean's weekly, almost half of Canadians believe that Islam promotes violence.
Twelve killed in Mexico bus accidentMarch 18th, 2009 MEXICO CITY - Twelve people including eight US citizens were killed when a bus carrying tourists collided with a dump truck in northern Mexico, diplomats at the US Embassy in the country said Tuesday. The embassy offered 'profound condolences for the families of the victims' and said the US consulates in the northern cities of Monterrey and Reynosa were working to confirm the identities of the dead and to notify their loved ones.
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