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H ere are a couple of reactions from Canadian economists to the Bank of Canada’s monetary policy statement on Thursday morning. While the bank’s decision to hold its key interest rate steady at 0.25 per cent was expected, economists were more interested...
Tags: The Bank of Canada, U.S, central bank, Canadian, interested rate, rate unchanged, commodities prices, jobless claims
00 PM EST From Friday's Globe and Mail Teck Cominco Ltd. cut 13 per cent of its employees Thursday but the savings will have little impact on a crippling debt load that will force the company to make significant asset divestitures amid a brutal market...
Tags: Teck Cominco Ltd., eliminated redundancies, Teck Cominoc, based company, help eliminated, commodities prices, work force
Wall Street has regained some of its optimism and is rising on expectations that Congress will extend a lifeline to U.S. automakers and avoid a potential pitfall for the economy. Lawmakers are believed to be close to approving a $15 billion bailout for...
Tags: wall street, U.S, Senate, auto bailout, bailout plan, lifted energy, commodities prices, White House, Nevada Sen. John Ensign
Schlumberger Ltd (SLB.N), the world's largest oilfield services company , posted better-than-expected quarterly profit on Friday, driven by energy companies' brisk spending on oil and gas exploration. Schlumberger, whose shares rose 3 percent in pre-market...
Tags: Schlumberger Schlumberger Ltd., oilfield services, net income, income rose, Houston, services provider, Eastern Hemisphere, quarter profits, commodities prices, U.S