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![]() ![]() Economy to rebound by 2010: Bank of CanadaThe Bank of Canada predicts we will avoid a recession -- but just barely -- and says growth will be slow and insignificant for the foreseeable future. more... Two ADQ members jump to Quebec LiberalsTwo members of the Opposition Action democratique du Quebec jumped to the governing Liberals on Thursday, padding the ranks of the minority government and furthering speculation of a snap election. more... Chretien takes credit for strength of Canadian banksCanada's banking system is weathering the economic storm engulfing the global financial sector because of Liberal government policies he enacted more than a decade ago, former prime minister Jean Chretien said Thursday. more... IOC rejects inquiry into controversial commentsThe International Olympic Committee says it won't open an inquiry into comments made by a high-ranking official that have angered several First Nations. more... TSX, U.S. markets finish up after volatile dayAfter a day of volatile trading which saw markets surge in the morning and then enter a freefall only hours later, the Toronto Stock Exchange rallied at the eleventh-hour to close in the black Thursday. more... Ski firm Intrawest refinances $1.7 billion loanVacation resort company Intrawest says it has completed a deal to refinance a $1.7 billion loan, which was due Thursday. The move eliminates uncertainty surrounding the company's Whistler ski operations in British Columbia. more... Cross-border shopping comes to a 'screeching halt'As the once sky-high loonie plummets back to earth, one expert says Canadians appear to have put a "screeching halt" to their cross-border shopping. more... Ottawa takes action to boost inter-bank borrowingCanada will follow steps taken by other governments around the world by guaranteeing inter-bank loans in an attempt to stimulate lending and boost the slowing economy. more... Liberal contenders prepare for leadership raceDespite a crushing defeat during last week's federal election, Liberal Leader Stephane Dion emerged from Thursday's caucus meeting vowing his "very united" party will continue to fight the Conservatives. more... Springhill, N.S., marks 50 years since mining disasterThough it's been 50 years since the ground shook near Springhill, N.S., and caused one of Canada's worst mining disasters, the memories remain vivid among those who lived through the ordeal. more... Union wants public inquiry into female prison deathThe union representing Canada's prison guards is calling for an independent public inquiry into the suicide of a female inmate, Ashley Smith. more... Police stumped during search for Barrie teenPolice used dogs, a boat and a helicopter to search for Brandon Crisp, a Barrie, Ont. teen who hasn't been seen since Thanksgiving Monday and who hasn't tried to contact friends. more... Ontario to adopt Goudge inquiry recommendationsOntario wants to adopt all of the legislative changes suggested in a scathing judicial report about a forensics scandal that branded innocent people as child killers. more... Mtl. mayor returns revved up from Grand Prix meetingThe Canadian contingent that met with Formula One boss Bernie Ecclestone in the U.K. on Thursday didn't return home with a guarantee, but with a renewed hope that the popular Grand Prix will return to Montreal next year. more... Homicide rate drops in 2007, StatsCan reportsPolice reported 594 homicides in Canada in 2007, 12 fewer than in 2006. Statistics Canada reports that stabbings accounted for one third of the homicides last year. more... Consumers not willing to cut back on web, cellphonesA new study says although Canadian households are preparing to cut back on expenses in the face of economic recession, two items which were a luxury only a decade ago -- the Internet and cellphones -- are among the last items we're willing to forgo. more... |
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