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Bankruptcies Up 25% in 2009

Posted: 03/03/10 10:01AM
Filed Under: CanadaTop NewsEconomyNews That Stunned Us

Bankruptcy filings increased by more than 25 per cent in 2009, official data revealed Wednesday. (Getty)
Getty

In the 12-month period up to Dec. 31, 2009, there were 121,801 bankruptcies across the country, well above the 96,774 filed during the same period last year, the Office of the Superintendent of Bankruptcy Canada said.

Economy to Be Focus of Throne Speech

Posted: 03/03/10 7:32AM
Filed Under: CanadaTop NewsEconomyPolitics

Prime Minister Stephen Harper
Getty

OTTAWA - The Conservative government will use the throne speech and budget to allow for more foreign investment in Canada and fewer bureaucratic hurdles to business, a senior government official said Tuesday.

Lending Rate Kept at Historic Low

Posted: 03/02/10 9:54AM
Filed Under: CanadaTop NewsEconomyPolitics

In this file photo Bank of Canada Govcernor Mark Carney speaks to the media. The Bank of Canada has slightly raised its projection for growth in 2011.
The Canadian Press

OTTAWA - Canadians are all but certain to enjoy historically low interest rates for at least another four months after the Bank of Canada passed up on its opportunity to signal a policy change Tuesday.

Harper Says Thursday's Budget the Hardest Because It Meant Saying 'No.'

Posted: 03/01/10 3:09PM
Filed Under: CanadaTop NewsEconomyPoliticsStephen Harper

Prime Minister Stephen Harper
Getty

OTTAWA - Stephen Harper got lots of practice saying "no" during preparations for Thursday's federal budget.

Man Bulldozes $350K Home to Avoid Foreclosure

Posted: 02/24/10 9:07AM
Filed Under: Top NewsWeird NewsWorldEconomyNews That Stunned Us

MOSCOW, Ohio - An Ohio man says he bulldozed his $350,000 home to keep a bank from foreclosing on it.
AP Photo

MOSCOW, Ohio - An Ohio man says he bulldozed his $350,000 home to keep a bank from foreclosing on it.

Canada's Inflation Rate Shoots Up to 1.9%

Posted: 02/18/10 9:49AM
Filed Under: CanadaTop NewsEconomy

AP

OTTAWA - Canada's inflation rate shot up last month as Statistics Canada's consumer price index rose more than half-a-point to 1.9 per cent, the largest increase in more than a year.

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