Finance Minister: Ottawa Didn’t Study $550 Million Tax Credit For Small Businesses

Finance Minister: Ottawa Didn’t Study $550 Million Tax Credit For Small Businesses

According to local Canadian newspapers, Finance Minister Joe Oliver revealed the government approved a $550-million tax credit for small businesses without an internal analysis of how much employment the measure would create. Oliver told the House of Commons finance that such a study was deemed unnecessary because it was already done by the small-business lobby […]

Economy In The Euro-Zone To Get Smaller In 2013

Economy In The Euro-Zone To Get Smaller In 2013

BRUSSELS—On Friday, the European Union’s official economists predicted that the economy in the euro-zone will get smaller in 2013, for the second year in a row, in a forecast with little hope that easing financial-market tensions in the area will jolt the real economy in the near future. The European Commission forecasts a 0.3 percent […]

Traders Avoid Massive U.S. Spending Cuts and Corporate Earnings

Traders Avoid Massive U.S. Spending Cuts and Corporate Earnings

This week traders may find it hard to find gains on stock markets as they consider if the ongoing market rally has slowed down while they are facing a looming deadline for automated and massive cuts in government spending  to occur in the United States at the end of February. As well, traders will consume […]

Japanese Yen Weakening And Japan Signals No Change To Policy

Japanese Yen Weakening And Japan Signals No Change To Policy

The Japanese yen dropped almost to a 33-month low against the US dollar Monday after the prime minister of Japan signaled no change to the country’s monetary policy. Shinzo Abe, on the brink of nominating a new governor for the Bank of Japan, stated that purchasing foreign bonds may be among several options for the central bank, […]

President Obama Will OK The Keystone XL Pipeline

President Obama Will OK The Keystone XL Pipeline

The Keystone XL Pipeline, the proposed $7 billion pipeline to run almost  2,000 miles to connect  Canada’s oil sands to refineries around the Gulf of Mexico and Houston, have been created to deal with  the heavy crude that the oil sands produce. If built, the XL would be the longest oil pipeline outside of China […]

$1 million Fine For Deutsche Bank Securities Ltd.

$1 million Fine For Deutsche Bank Securities Ltd.

Deutsche Bank Securities Ltd. will have to pay a $1 million fine for its part in the fall of the asset-backed commercial paper market in July of 2007. Details were released Friday by The Investment Industry Regulator of Canada. According to the IIROC documents, the Deutsche Bank agreed that it had received an email in […]

Nebraska Approves Keystone XL Pipeline Causing Problems For President Barack Obama

Nebraska Approves Keystone XL Pipeline Causing Problems For President Barack Obama

WASHINGTON – Governor  Dave Heineman’s abrupt decision to approve the latest route of the XL pipeline in Nebraska is seen by some as a test for President Barack Obama’s inaugural statement that favored strong action against climate change, by altering the U.S. economy to clean energy. The TransCanada controversial Keystone XL Pipeline project will meet pipelines […]

Equities Rise While Mutual Funds Take A Slide

Equities Rise While Mutual Funds Take A Slide

It often happens, and it occurred again in 2012. Sales of equity mutual funds and equity markets move in opposing directions. The sales drought goes back to 2008 and 2009, when the markets crashed and burned, leaving investors with colossal losses. Although, even as they continue to rise from the depths of 2009, prospective investors […]

Canadian Police Allege Ex-SNC Exec Paid Bribes To Gaddafi Son

Canadian Police Allege Ex-SNC Exec Paid Bribes To Gaddafi Son

A son of Libyan leader Muammar Gaddafi allegedly received bribes in the sum of 120 million euros ($162 million)  for giving major contracts  to SNC-Lavalin Inc., in Libya according to the contents of a police document released on Friday. In an affidavit used by the Royal Canadian Mounted Police (RCMP)  to obtain a search warrant at […]

787 Dreamliner Aircraft Crisis – Boeing Halts All Jet Deliveries

787 Dreamliner Aircraft Crisis – Boeing Halts All Jet Deliveries

Boeing has suspended all deliver of its delivers of its  787 Dreamliner aircraft, until they can solve the battery issues. According to a statement from Boeing, the American aerospace giant; it will continue building the airplane, but won’t deliver any until United States safety officials give their thumbs up. Boeing and the American Federal Aviation […]