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<?xml-stylesheet type="text/xsl" media="screen" href="/~d/styles/rss2full.xsl"?><?xml-stylesheet type="text/css" media="screen" href="http://feeds.feedburner.com/~d/styles/itemcontent.css"?><rss version="2.0"><channel><pubDate>2008-08-05T00:00:00Z</pubDate><lastBuildDate>2009-07-10T01:50:51Z</lastBuildDate><rights>Copyright (c) National Post</rights><language>en-ca</language><title>Financial Post - Top Stories</title><description><![CDATA[Financial Post index page top stories]]></description><link>http://www.financialpost.com/creditcrunch/16994.rss?type=rss</link><atom10:link xmlns:atom10="http://www.w3.org/2005/Atom" rel="self" href="http://feeds.feedburner.com/FP_TopStories" type="application/rss+xml" /><item><guid isPermaLink="false">1775418</guid><pubDate>Thu, 09 Jul 2009 22:01:33 GMT</pubDate><title><![CDATA[Budget watchdog too 'pessimistic': Flaherty]]></title><description><![CDATA[Finance Minister Jim Flaherty said Thursday that projections from Parliament’s budget watchdog of a five-year cumulative deficit totalling nearly $160-billion are too "pessimistic" in light of upgraded global economic forecasts]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1775418</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1775409.bin" /></item><item><guid isPermaLink="false">1775573</guid><pubDate>Fri, 10 Jul 2009 01:01:48 GMT</pubDate><title><![CDATA[Anti-throttling gets broad CRTC hearing]]></title><description><![CDATA[For Tom Copeland, Thursday marked what could prove to be the beginning of the end of a journey 15 months in the making]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1775573</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1775769.bin" /></item><item><guid isPermaLink="false">1774362</guid><pubDate>Thu, 09 Jul 2009 21:54:11 GMT</pubDate><title><![CDATA[Worst may be over for the housing market]]></title><description><![CDATA[Canada Mortgage and Housing Corp. said Thursday there were 140,700 new homes constructed in June on a seasonally adjusted annualized basis. Construction was up almost 8% from the 130,300 May figure]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1774362</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1369795.bin" /></item><item><guid isPermaLink="false">1775888</guid><pubDate>Fri, 10 Jul 2009 03:28:31 GMT</pubDate><title><![CDATA[AIG set to pay more bonuses: report]]></title><description><![CDATA[American International Group is preparing to pay millions of dollars more in bonuses to several dozen top corporate executives, after an earlier round of payments set off a national furor, The Washington Post reported on Thursday]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1775888</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1775887.bin" /></item><item><guid isPermaLink="false">1775568</guid><pubDate>Fri, 10 Jul 2009 00:01:32 GMT</pubDate><title><![CDATA[Goldman Sachs seen leading the pack]]></title><description><![CDATA[The Wall Street banking titan appears poised to report record profits from trading in fiscal 2009, boosted in part by the fact that many of its competitors aren’t in strong enough shape to take the same risks]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1775568</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1775734.bin" /></item><item><guid isPermaLink="false">1774955</guid><pubDate>Fri, 10 Jul 2009 00:01:30 GMT</pubDate><title><![CDATA[Canada's $14B auto industry puzzle]]></title><description><![CDATA[Canada has placed its $14-billion bet on the future of General Motors Corp. and Chrysler Group LLC]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1774955</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1775707.bin" /></item><item><guid isPermaLink="false">1774412</guid><pubDate>Thu, 09 Jul 2009 21:34:00 GMT</pubDate><title><![CDATA[TSX climbs back in to positive territory]]></title><description><![CDATA[The S&P/TSX composite index was up 120.47 points or 1.25% to 9773.92, as gainers outpaced losers by a ratio of nearly three-to-one and 7 of ten subindexes recorded gains]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1774412</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1767439.bin" /></item><item><guid isPermaLink="false">1774428</guid><pubDate>Thu, 09 Jul 2009 21:16:22 GMT</pubDate><title><![CDATA[Canadian dollar rises on improved commodities, equities]]></title><description><![CDATA[The Canadian dollar climbed against the U.S. dollar Thursday as higher commodity prices and a rebound in global equities helped ease investor aversion to risk, boosting currencies perceived to be riskier than the greenback.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1774428</link></item><item><guid isPermaLink="false">1775745</guid><pubDate>Fri, 10 Jul 2009 00:01:49 GMT</pubDate><title><![CDATA[Tim Hortons taking over Dunkin' Donut outlets]]></title><description><![CDATA[Tim Hortons is stepping up its push into Manhattan’s coffee wars by taking over a dozen Dunkin’ Donut outlets that were involved in a legal squabble because of unsanitary conditions -- including a doughnut-eating mouse that made national headlines several years ago.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1775745</link></item><item><guid isPermaLink="false">1774648</guid><pubDate>Thu, 09 Jul 2009 17:01:36 GMT</pubDate><title><![CDATA[U.S. jobless claims drop steeply; skewed by autos]]></title><description><![CDATA[The number of U.S. workers filing new claims for jobless benefits fell sharply last week but the data was distorted by an unusual pattern of layoffs in the automotive industry, which amplified the decline.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1774648</link></item><item><guid isPermaLink="false">1774843</guid><pubDate>Thu, 09 Jul 2009 19:23:37 GMT</pubDate><title><![CDATA[U.S. economy may need extra dose of 'Viagra': Buffett]]></title><description><![CDATA[Legendary investor Warren Buffett said in an interview aired on Thursday unemployment could hit 11% and a second stimulus package might be needed as the U.S. economy struggles to recover from recession]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1774843</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1774972.bin" /></item><item><guid isPermaLink="false">1774976</guid><pubDate>Thu, 09 Jul 2009 20:24:19 GMT</pubDate><title><![CDATA[U.S. crude settles above US$60]]></title><description><![CDATA[Oil prices rose slightly on Thursday as talk of refinery shutdowns spurred stirred gasoline supply concerns, ending a six-day slide.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1774976</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1772094.bin" /></item><item><guid isPermaLink="false">1774609</guid><pubDate>Thu, 09 Jul 2009 16:01:46 GMT</pubDate><title><![CDATA[Wireless contender in talks with Wal-Mart]]></title><description><![CDATA[Public Mobile Holdings Inc., a new Canadian wireless carrier, is talking to Wal-Mart Stores Inc. about selling phones with unlimited call plans to lure users who have shunned Rogers Communications Inc. and BCE Inc.T]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1774609</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1774616.bin" /></item><item><guid isPermaLink="false">1774733</guid><pubDate>Thu, 09 Jul 2009 17:01:53 GMT</pubDate><title><![CDATA[Madoff will not appeal 150-year sentence]]></title><description><![CDATA[Arch swindler Bernard Madoff will not appeal the 150-year prison sentence he received for masterminding a global multibillion-dollar investment fraud, his main lawyer said Thursday.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1774733</link></item><item><guid isPermaLink="false">1763671</guid><pubDate>Thu, 09 Jul 2009 12:32:04 GMT</pubDate><title><![CDATA[CRTC hearing on Web 'traffic shaping': Blog]]></title><description><![CDATA[Matt Hartley's live coverage of Day 4 of the CRTC hearings into so-called 'traffic shaping']]></description><link>http://network.nationalpost.com/np/blogs/fpposted/archive/2009/07/09/crtc-live-blog-day-four-matt-hartley-covers-the-web-traffic-management-hearings-on-thursday.aspx</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1662813.bin" /></item><item><guid isPermaLink="false">1774321</guid><pubDate>Thu, 09 Jul 2009 12:01:40 GMT</pubDate><title><![CDATA[Bank of England keeps QE total steady]]></title><description><![CDATA[The Bank of England surprised markets by announcing no expansion of its quantitative easing scheme on Thursday as it left interest rates unchanged at a record low of 0.5% for a fourth month running.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1774321</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1572433.bin" /></item><item><guid isPermaLink="false">1774552</guid><pubDate>Thu, 09 Jul 2009 16:01:37 GMT</pubDate><title><![CDATA[Magna to make battery systems for Volvo trucks, buses]]></title><description><![CDATA[Magna International Inc. said Thursday its car assembly unit will produce lithium ion battery systems for truck maker Volvo Group.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1774552</link></item><item><guid isPermaLink="false">1774391</guid><pubDate>Thu, 09 Jul 2009 14:01:36 GMT</pubDate><title><![CDATA[Shell may close Montreal east oil refinery]]></title><description><![CDATA[Royal Dutch Shell PLC may close or sell its Montreal East refinery as Europe’s biggest oil company carries out a global review of assets.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1774391</link></item><item><guid isPermaLink="false">1774392</guid><pubDate>Thu, 09 Jul 2009 14:01:36 GMT</pubDate><title><![CDATA[Astral Media profit rises 3%]]></title><description><![CDATA[Astral Media reported a 3% increase in third-quarter profit Thursday.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1774392</link></item><item><guid isPermaLink="false">1774312</guid><pubDate>Thu, 09 Jul 2009 12:01:39 GMT</pubDate><title><![CDATA[Oil above US$61]]></title><description><![CDATA[Oil rose by more than US$1 on Thursday to edge back above US$61 a barrel, halting a six-session losing streak which has seen prices decline by 15% on concerns about the timing of any economic recovery.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1774312</link></item><item><guid isPermaLink="false">1774387</guid><pubDate>Thu, 09 Jul 2009 14:01:34 GMT</pubDate><title><![CDATA[China says Rio Tinto staff hurt interests]]></title><description><![CDATA[China said on Thursday detained staff from Australian miner Rio Tinto had harmed China's economic interests in a case that has rattled currency markets and raised questions about China-Australia relations.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1774387</link></item><item><guid isPermaLink="false">1774314</guid><pubDate>Thu, 09 Jul 2009 12:01:40 GMT</pubDate><title><![CDATA[Alcoa earnings help lift world stocks]]></title><description><![CDATA[Forecast-beating results from U.S. bellwether Alcoa helped lift European stocks and draw global equities out of the red on Thursday, while currency markets reversed some of their recent cautious patterns.T]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1774314</link></item><item><guid isPermaLink="false">1772090</guid><pubDate>Thu, 09 Jul 2009 18:16:09 GMT</pubDate><title><![CDATA[Downturn in oil price has its blessings]]></title><description><![CDATA[While the oil sands business remains challenging because of low oil prices, business conditions are improving thanks to lower costs, more productive labour and hungrier service providers, developers said at an investment conference Wednesday.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1772090</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1772094.bin" /></item><item><guid isPermaLink="false">1772058</guid><pubDate>Thu, 09 Jul 2009 00:01:31 GMT</pubDate><title><![CDATA[Canada's economy set to shine on world stage: IMF]]></title><description><![CDATA[Canada’s economy is set to outperform nearly all industrialized countries this year and next, the International Monetary Fund said Wednesday, leading analysts to declare the country does not need additional stimuli as advocated by certain world leaders at this week’s Group of Eight summit.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1772058</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1772061.bin" /></item><item><guid isPermaLink="false">1770703</guid><pubDate>Wed, 08 Jul 2009 21:27:53 GMT</pubDate><title><![CDATA[Toronto stocks flirt with official correction]]></title><description><![CDATA[The Toronto Stock Exchange was hitting lows not seen in two months Wednesday after commodity prices fell and Prime Minister Stephen Harper said it’s too soon to consider additional economic stimulus measures.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1770703</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1771630.bin" /></item><item><guid isPermaLink="false">1771379</guid><pubDate>Wed, 08 Jul 2009 22:55:43 GMT</pubDate><title><![CDATA[Toronto firm pays $1.96M for lunch with Buffett]]></title><description><![CDATA[Salida Capital Corp., a Toronto-based hedge fund manager, outduelled nine other bidders for a charity lunch with the Sage of Omaha.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1771379</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1771498.bin" /></item><item><guid isPermaLink="false">1772101</guid><pubDate>Thu, 09 Jul 2009 00:01:38 GMT</pubDate><title><![CDATA[Filmmakers speak out against management of web traffic]]></title><description><![CDATA[Canada’s largest Internet providers are having a chilling effect on independent filmmakers by slowing down certain Internet technologies that enable producers to distribute movies and other programming online, federal regulators heard Wednesday.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1772101</link></item><item><guid isPermaLink="false">1772046</guid><pubDate>Wed, 08 Jul 2009 23:01:57 GMT</pubDate><title><![CDATA[Investors can't get enough of U.S. debt]]></title><description><![CDATA[Someday, someone will tell the U.S. government that they are borrowing too much, but right now the bond market is swallowing everything it is being fed.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1772046</link></item><item><guid isPermaLink="false">1770571</guid><pubDate>Thu, 09 Jul 2009 15:26:05 GMT</pubDate><title><![CDATA[Google challenges Microsoft on its own turf]]></title><description><![CDATA[Online giant Google Inc. indicated Wednesday that it plans to challenge Microsoft Corp. directly on its home turf, announcing plans to launch an operating system on personal computers aimed at the core business of one of its chief rivals.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1770571</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1770580.bin" /></item><item><guid isPermaLink="false">1771843</guid><pubDate>Wed, 08 Jul 2009 21:02:02 GMT</pubDate><title><![CDATA[Home ownership getting more affordable: RBC]]></title><description><![CDATA[Weaker home prices and lower borrowing costs are attracting buyers back into the housing market, according to a report Wednesday by RBC Economics.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1771843</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1771852.bin" /></item><item><guid isPermaLink="false">1772039</guid><pubDate>Wed, 08 Jul 2009 23:01:54 GMT</pubDate><title><![CDATA[Accident victims fear GM sale puts compensation at risk]]></title><description><![CDATA[As a new General Motors Corp. readies to jump out of bankruptcy as early as Thursday, it will leave behind hundreds of people hurt in accidents involving GM vehicles wondering whether they will receive the compensation they say they deserve.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1772039</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1772052.bin" /></item><item><guid isPermaLink="false">1771782</guid><pubDate>Wed, 08 Jul 2009 21:34:05 GMT</pubDate><title><![CDATA[Alcoa shares climb as results beat Street]]></title><description><![CDATA[Alcoa Inc posted a third consecutive quarterly loss Wednesday, but beat Wall Street estimates, sending its stock higher.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1771782</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1771783.bin" /></item><item><guid isPermaLink="false">1771916</guid><pubDate>Wed, 08 Jul 2009 22:01:39 GMT</pubDate><title><![CDATA[Merrill Lynch falls out of top 20 Canadian dealmakers]]></title><description><![CDATA[Merrill Lynch, the top-ranking merger and acquisition dealmaker in Canada at the mid-point of last year, has fallen out of the top 20 by completing only two deals worth $370-million.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1771916</link></item><item><guid isPermaLink="false">1771133</guid><pubDate>Thu, 09 Jul 2009 02:48:09 GMT</pubDate><title><![CDATA[Manulife eyes European markets]]></title><description><![CDATA[There is a “very hot” probability that Manulife Financial Corp. will soon move into the competitive European insurance market, said Don Guloien, the chief executive.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1771133</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1771196.bin" /></item><item><guid isPermaLink="false">1771314</guid><pubDate>Wed, 08 Jul 2009 18:21:45 GMT</pubDate><title><![CDATA[Quebec will fight Ottawa’s sole regulator plan]]></title><description><![CDATA[The Quebec government announced Wednesday it will fight Ottawa’s move to create a national securities regulator in court.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1771314</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1771345.bin" /></item><item><guid isPermaLink="false">1771677</guid><pubDate>Wed, 08 Jul 2009 21:01:33 GMT</pubDate><title><![CDATA[TD Bank in talks to become Fed primary dealer: source]]></title><description><![CDATA[Canada’s Toronto Dominion Bank is in talks with the U.S. Federal Reserve about becoming a primary dealer, a source at the bank said on Wednesday.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1771677</link></item><item><guid isPermaLink="false">1770848</guid><pubDate>Wed, 08 Jul 2009 18:02:11 GMT</pubDate><title><![CDATA[Canada a beacon of light among the ruins]]></title><description><![CDATA[The IMF raised its forecast for Canadian economic growth in 2010 to 1.6% from the 1.2% it had predicted in April. It also said Canada's economy will contract less than previously expected in 2009]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1770848</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1770936.bin" /></item><item><guid isPermaLink="false">1771531</guid><pubDate>Wed, 08 Jul 2009 20:01:59 GMT</pubDate><title><![CDATA[Pickens's pullback could signal shift in the wind]]></title><description><![CDATA[Oil billionaire T. Boone Pickens's step back from his plan to build the world's largest wind farm in Texas shows how a brutal recession could change the way the United States invests in renewable energy.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1771531</link></item><item><guid isPermaLink="false">1770946</guid><pubDate>Wed, 08 Jul 2009 20:50:22 GMT</pubDate><title><![CDATA[Canada on board for greenhouse gas plan]]></title><description><![CDATA[Canada joined other members of the G8 group of industrialized countries Wednesday in promising an “ambitious” plan to slash greenhouse gas emissions over the next four decades.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1770946</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1771074.bin" /></item><item><guid isPermaLink="false">1770617</guid><pubDate>Wed, 08 Jul 2009 17:34:31 GMT</pubDate><title><![CDATA[Loonie hits 7-week low on sliding oil, equities]]></title><description><![CDATA[The Canadian dollar fell to a seven-week low against the U.S. dollar on Wednesday, as oil and equity prices slid on worries about the pace of global economic growth.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1770617</link></item><item><guid isPermaLink="false">1771170</guid><pubDate>Wed, 08 Jul 2009 20:44:29 GMT</pubDate><title><![CDATA[WestJet adds 11 new international destinations]]></title><description><![CDATA[Calgary-based WestJet Airlines announced Wednesday what it described as the largest single-season expansion in the company’s history with the addition of eight new international destinations and three new U.S. destinations for the winter of 2009-2010.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1771170</link></item><item><guid isPermaLink="false">1770589</guid><pubDate>Wed, 08 Jul 2009 17:27:38 GMT</pubDate><title><![CDATA[Ivanhoe says Mongolian politicians back deal]]></title><description><![CDATA[Ivanhoe Mines Ltd. has confirmed that an investment agreement between the company and the government of Mongolia has received approval from the caucuses of the country's two major political parties.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1770589</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/721129.bin" /></item><item><guid isPermaLink="false">1770942</guid><pubDate>Wed, 08 Jul 2009 17:01:31 GMT</pubDate><title><![CDATA[Obama not discussing 2nd stimulus plan: White House official]]></title><description><![CDATA[President Barack Obama’s administration is not discussing a second stimulus plan, a White House budget official told the U.S. Congress Wednesday.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1770942</link></item><item><guid isPermaLink="false">1770761</guid><pubDate>Wed, 08 Jul 2009 15:01:40 GMT</pubDate><title><![CDATA[China holds Rio exec as spy; iron ore deal doubt]]></title><description><![CDATA[Chinese authorities are detaining Rio Tinto Ltd’s top iron ore negotiator on suspicion of espionage and stealing state secrets, Australia said on Wednesday, threatening to strain already fraying ties]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1770761</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1770775.bin" /></item><item><guid isPermaLink="false">1769469</guid><pubDate>Wed, 08 Jul 2009 14:36:04 GMT</pubDate><title><![CDATA[Nortel's disabled benefits may go]]></title><description><![CDATA[Nortel Networks Corp. has claimed another victim: Employees
on long-term disability are just learning that their benefits, which
they thought were insured, may be cut off if the company does not
emerge intact from Companies' Creditors Arrangement Act protection.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1769469</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1478882.bin" /></item><item><guid isPermaLink="false">1770573</guid><pubDate>Wed, 08 Jul 2009 12:55:46 GMT</pubDate><title><![CDATA[Economy fears hit global stocks]]></title><description><![CDATA[Economy jitters continued to sweep financial markets on Wednesday, weakening stocks, propelling the Japanese yen to a six-week high and dragging oil down to around US$62 a barrel.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1770573</link></item><item><guid isPermaLink="false">1768253</guid><pubDate>Tue, 07 Jul 2009 23:22:03 GMT</pubDate><title><![CDATA[RBC Capital Markets a primary choice]]></title><description><![CDATA[RBC Capital Markets has been designated a primary dealer by the Federal Reserve Bank of New York, the only Canadian bank on the list of 17 financialinstitutions]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1768253</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1768355.bin" /></item><item><guid isPermaLink="false">1767379</guid><pubDate>Tue, 07 Jul 2009 22:19:07 GMT</pubDate><title><![CDATA[Crown skeptical about 'lecture tour' for Livent duo]]></title><description><![CDATA[The prosecution is asking for a term of eight to 10 years in prison for each defendant, when Ontario Superior Court Justice Mary Lou Benotto hands down her sentence on Aug. 5]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1767379</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1768385.bin" /></item><item><guid isPermaLink="false">1768473</guid><pubDate>Wed, 08 Jul 2009 15:10:49 GMT</pubDate><title><![CDATA[North American consumer finances feel the strain]]></title><description><![CDATA[U.S. consumer loan and credit-card delinquencies -- accounts that have fallen more than 30 days behind on repayments -- hit a fresh record in the first quarter of this year, while stressed finances in Canada caused consumer bankruptcies to continue to trend higher in May]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1768473</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1770895.bin" /></item><item><guid isPermaLink="false">1767312</guid><pubDate>Tue, 07 Jul 2009 22:27:39 GMT</pubDate><title><![CDATA[Genworth slides almost 4% on debut]]></title><description><![CDATA[The first day of trading for Canada’s largest initial public offering in 18 months ended with a whimper as shares in Genworth MI Canada Inc. slid almost 4% on the Toronto Stock Exchange.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1767312</link></item><item><guid isPermaLink="false">1768556</guid><pubDate>Wed, 08 Jul 2009 00:01:41 GMT</pubDate><title><![CDATA[Canada's biotech firms burning through their remaining cash]]></title><description><![CDATA[Canada’s biotechnology companies are burning through their remaining investment capital, firing highly skilled workers and suspending promising research due to the lack of funding, industry experts say.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1768556</link></item><item><guid isPermaLink="false">1767493</guid><pubDate>Tue, 07 Jul 2009 17:01:57 GMT</pubDate><title><![CDATA[Higher meat prices expected as livestock industry reels]]></title><description><![CDATA[Higher meat prices may be in store for consumers next year as hard-hit North American farmers thin herds of cattle and pigs, but the scale of downsizing may hinge on whether recession-weary consumers are willing to pay more.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1767493</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1767496.bin" /></item><item><guid isPermaLink="false">1767362</guid><pubDate>Tue, 07 Jul 2009 19:01:43 GMT</pubDate><title><![CDATA[U.S. leaders urged to consider second stimulus pack]]></title><description><![CDATA[U.S. leaders should be open to the possibility of a second stimulus package to further boost the economy, which is still hemorrhaging jobs, House Majority Leader Steny Hoyer said Tuesday]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1767362</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1767694.bin" /></item><item><guid isPermaLink="false">1768180</guid><pubDate>Tue, 07 Jul 2009 21:01:53 GMT</pubDate><title><![CDATA[G8 officials fight to retain their power]]></title><description><![CDATA[The world’s most affluent nations will take decades to work off the biggest buildup in debt since World War II. The political costs may be permanent, laid bare at this week’s Group of Eight summit of leading industrial powers.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1768180</link></item><item><guid isPermaLink="false">1767750</guid><pubDate>Tue, 07 Jul 2009 19:31:40 GMT</pubDate><title><![CDATA[Oil settles down more than US$1]]></title><description><![CDATA[The fall to below US$63 came amid growing uncertainty over an economic recovery spurred investor risk aversion]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1767750</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1767637.bin" /></item><item><guid isPermaLink="false">1767342</guid><pubDate>Tue, 07 Jul 2009 19:01:43 GMT</pubDate><title><![CDATA[GM seeks court OK to drop 38 holdout dealerships]]></title><description><![CDATA[General Motors Corp asked a federal bankruptcy court on Tuesday for permission to drop 38 U.S. dealers who have rejected the automaker’s offer of a payout to wind down their operations.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1767342</link></item><item><guid isPermaLink="false">1767296</guid><pubDate>Tue, 07 Jul 2009 16:01:38 GMT</pubDate><title><![CDATA[iPhone offers prompt U.S. telecom antitrust case]]></title><description><![CDATA[The U.S. Justice Department has begun looking at big telecom companies such as AT&T Inc and Verizon Communications to try to determine if they have abused their market power, the Wall Street Journal reported in its online edition on Monday.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1767296</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/969790.bin" /></item><item><guid isPermaLink="false">1767468</guid><pubDate>Tue, 07 Jul 2009 17:01:52 GMT</pubDate><title><![CDATA[Canada fines Qantas over air cargo price-fix scheme]]></title><description><![CDATA[Australia’s Qantas Airways Ltd. has pleaded guilty to participating in a price-fixing conspiracy on air cargo exported on certain routes from Canada between May 2002 and February 2006, Canada’s Competition Bureau said Tuesday.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1767468</link></item><item><guid isPermaLink="false">1764445</guid><pubDate>Tue, 07 Jul 2009 13:43:35 GMT</pubDate><title><![CDATA[Compensation plan tilts toward TV broadcasters]]></title><description><![CDATA[The long battle between conventional television broadcasters and the digital TV providers who carry their content swung sharply in favour of the former on Monday after federal regulators  for the first time suggested that cable and satellite providers such as Rogers Communications Inc. should pay for it.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1764445</link></item><item><guid isPermaLink="false">1764824</guid><pubDate>Tue, 07 Jul 2009 12:25:36 GMT</pubDate><title><![CDATA[Housing sales soar in Ontario’s biggest cities]]></title><description><![CDATA[Despite all the talk of a housing downturn and economic crisis in Ontario, the province’s two biggest cities both saw record housing resales last month for the month of June.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1764824</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1764836.bin" /></item><item><guid isPermaLink="false">1766963</guid><pubDate>Tue, 07 Jul 2009 14:01:35 GMT</pubDate><title><![CDATA[Prospects faint for G8 summit]]></title><description><![CDATA[From the financial crisis to food security, the global recession, trade protectionism, nuclear energy, climate change, Africa, the international reserve currency and terrorism, the Group of Eight developed nations will likely emerge from three days of talks with little more than some more bullet points on their to-do list.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1766963</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1766967.bin" /></item><item><guid isPermaLink="false">1766983</guid><pubDate>Tue, 07 Jul 2009 17:09:27 GMT</pubDate><title><![CDATA[Building permits point to construction rebound]]></title><description><![CDATA[The value of building permits in Canada surpassed the $5-billion mark for the first time since October, Statistics Canada said Tuesday.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1766983</link></item><item><guid isPermaLink="false">1766909</guid><pubDate>Tue, 07 Jul 2009 12:01:44 GMT</pubDate><title><![CDATA[World stocks tick lower on recovery doubts]]></title><description><![CDATA[World stocks ticked lower for a fourth consecutive day toward a two-week low on Tuesday while the low-yielding yen rose as doubts persisted over how sustainable a global economic recovery would be.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1766909</link></item><item><guid isPermaLink="false">1764990</guid><pubDate>Tue, 07 Jul 2009 00:01:34 GMT</pubDate><title><![CDATA[Tedesco: No Madoff justice for Drabinsky]]></title><description><![CDATA[Barely a week after a U.S. judge slapped a 150-year prison sentence on fraudster Bernard Madoff, Garth Drabinsky's lawyer asks an Ontario justice for a sentence of house arrest.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1764990</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1764992.bin" /></item><item><guid isPermaLink="false">1765032</guid><pubDate>Tue, 07 Jul 2009 00:01:40 GMT</pubDate><title><![CDATA[Great Lakes buys Brookfield power assets]]></title><description><![CDATA[Great Lakes Hydro Income Fund will pay $945-million for its biggest shareholder’s Canadian power operations in a deal aimed at positioning itself for a conversion into a corporation by 2011, it said on Monday.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1765032</link></item><item><guid isPermaLink="false">1764873</guid><pubDate>Tue, 07 Jul 2009 15:51:52 GMT</pubDate><title><![CDATA[Americans need certainty more than stimulus, economists say]]></title><description><![CDATA[With job losses mounting across the United States, talk is heating up about the need for another multi-billion dollar stimulus package, but some analysts say any extra pennies may be socked away amid uncertainty over the barrage of new policy initiatives being issued by the Obama administration.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1764873</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1764938.bin" /></item><item><guid isPermaLink="false">1764768</guid><pubDate>Tue, 07 Jul 2009 00:06:29 GMT</pubDate><title><![CDATA[Manulife set to raise $1-billion in financing]]></title><description><![CDATA[Insurance giant Manulife Financial Corp. got a major vote of confidence from the market after it was able to boost a planned Tier 1 financing to $1-billion from an original target of $750-million, according to sources familiar with the matter.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1764768</link></item><item><guid isPermaLink="false">1764018</guid><pubDate>Tue, 07 Jul 2009 11:41:14 GMT</pubDate><title><![CDATA[Budget office urges GST hike to curb deficit]]></title><description><![CDATA[The independent Parliamentary Budget Office says the federal government is now running a permanent deficit that can only be eliminated by raising taxes or cutting spending. That contradicts the view of the federal government, which believes the deficit will naturally disappear once the economy improves]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1764018</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1764521.bin" /></item><item><guid isPermaLink="false">1764739</guid><pubDate>Mon, 06 Jul 2009 21:02:07 GMT</pubDate><title><![CDATA[GM on path to exit bankruptcy by month’s end]]></title><description><![CDATA[General Motors Corp. is ripping through bankruptcy in record speed and a new company containing its best assets could get rolling by month’s end under ownership of the Canadian and U.S. governments, says President Barack Obama’s top auto advisor.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1764739</link></item><item><guid isPermaLink="false">1764859</guid><pubDate>Mon, 06 Jul 2009 22:01:53 GMT</pubDate><title><![CDATA[Canadian hog industry seeks government rescue]]></title><description><![CDATA[Canada’s struggling hog industry has asked the federal government for $800-million a year in aid to help rescue it from its worst downturn in decades, as prices tumble and export markets close their doors due to the H1N1 flu outbreak.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1764859</link></item><item><guid isPermaLink="false">1764793</guid><pubDate>Mon, 06 Jul 2009 22:01:36 GMT</pubDate><title><![CDATA[Russian charged with stealing Goldman Sachs secrets]]></title><description><![CDATA[A Russian immigrant said to be a former Goldman Sachs Group Inc. computer programmer was charged by federal prosecutors with stealing trade secrets from the bank, including codes for high-volume trades.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1764793</link></item><item><guid isPermaLink="false">1764497</guid><pubDate>Mon, 06 Jul 2009 20:01:55 GMT</pubDate><title><![CDATA[WestJet planes fly less full in June]]></title><description><![CDATA[WestJet Airlines Ltd said Monday its planes flew less full in June amid a recession-driven slowdown in air travel but Canada’s No.2 airline maintained its revenue forecasts for the second quarter.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1764497</link></item><item><guid isPermaLink="false">1764528</guid><pubDate>Mon, 06 Jul 2009 20:16:41 GMT</pubDate><title><![CDATA[Globe and Mail union votes in favour of new contract]]></title><description><![CDATA[Unionized staff for The Globe and Mail newspaper ratified a proposal on a new labour contract Monday afternoon, ending what participants say was a tense month-long bargaining process and averting a work stoppage at the 165-year-old daily.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1764528</link></item><item><guid isPermaLink="false">1764337</guid><pubDate>Mon, 06 Jul 2009 19:01:40 GMT</pubDate><title><![CDATA[Ontario to invest $263-million in Ubisoft video game studio]]></title><description><![CDATA[Ontario's provincial government plans to invest more than a quarter of a billion dollars in a new video game studio run by international publisher Ubisoft SA in Toronto's downtown core.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1764337</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1764357.bin" /></item><item><guid isPermaLink="false">1764375</guid><pubDate>Mon, 06 Jul 2009 19:01:47 GMT</pubDate><title><![CDATA[RIM doubles BlackBerry apps, but still trails Apple]]></title><description><![CDATA[Research In Motion Ltd. doubled the programs available online for its BlackBerry phones and will open its Web store to more customers abroad, striving to lure users away from rival models such as Apple Inc.’s iPhone.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1764375</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1764381.bin" /></item><item><guid isPermaLink="false">1764439</guid><pubDate>Mon, 06 Jul 2009 19:01:55 GMT</pubDate><title><![CDATA[Retailers holding on to inventory longer, study shows]]></title><description><![CDATA[A new study reveals North American retailers are holding on to their inventory for much longer than they did on average in pre-recession 2006.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1764439</link></item><item><guid isPermaLink="false">1763959</guid><pubDate>Mon, 06 Jul 2009 16:35:27 GMT</pubDate><title><![CDATA[Decline in U.S. service activity slows, but jobs still languish]]></title><description><![CDATA[The U.S. service sector was still shrinking last month but at a slowing pace, with activity at the highest since September 2008. At the same time, a separate measure of job growth fell slightly in June from May’s level]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1763959</link></item><item><guid isPermaLink="false">1763837</guid><pubDate>Mon, 06 Jul 2009 17:58:38 GMT</pubDate><title><![CDATA[Air Canada union to vote again on contracts]]></title><description><![CDATA[Air Canada said on Monday that some 12,000 unionized employees will re-vote on a contract offer after the union and the carrier held talks over the weekend]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1763837</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1763915.bin" /></item><item><guid isPermaLink="false">1763562</guid><pubDate>Mon, 06 Jul 2009 13:33:26 GMT</pubDate><title><![CDATA[2009 remains 'dangerous' year: World Bank]]></title><description><![CDATA[The Group of Eight nations should not presume a global economic recovery is near, World Bank President Robert Zoellick said in a letter to G8 host Italian Prime Minister Silvio Berlusconi obtained by Reuters on Monday.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1763562</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1447910.bin" /></item><item><guid isPermaLink="false">1763835</guid><pubDate>Mon, 06 Jul 2009 15:01:36 GMT</pubDate><title><![CDATA[Wells Fargo says to expand in investment banking]]></title><description><![CDATA[Wells Fargo & Co on Monday said it plans to expand the securities business it largely inherited when it bought Wachovia Corp, signaling its commitment to an area that has been recovering from last year’s credit market seizure.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1763835</link></item><item><guid isPermaLink="false">1763690</guid><pubDate>Mon, 06 Jul 2009 15:01:31 GMT</pubDate><title><![CDATA[Pet Valu agrees to friendly $144-million takeover bid]]></title><description><![CDATA[Canadian pet shop company Pet Valu Canada Inc. announced Monday it has agreed to be sold to an American private equity firm in a cash deal worth $144-million.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1763690</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1763736.bin" /></item><item><guid isPermaLink="false">1763508</guid><pubDate>Mon, 06 Jul 2009 12:02:08 GMT</pubDate><title><![CDATA[Bankruptcy judge approves sale of GM assets]]></title><description><![CDATA[A U.S. judge on Sunday approved General Motors Corp's bankruptcy sale in a move that will allow the company's most profitable assets to exit bankruptcy protection under government ownership.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1763508</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1749446.bin" /></item><item><guid isPermaLink="false">1763560</guid><pubDate>Mon, 06 Jul 2009 13:33:11 GMT</pubDate><title><![CDATA[Rio sells American food packaging assets for US$1.2-billion]]></title><description><![CDATA[Global miner Rio Tinto further improved its cash position on Monday by agreeing to sell its Americas food packaging business for US$1.2-billion, and analysts said they expected more asset sales to follow soon.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1763560</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1056618.bin" /></item><item><guid isPermaLink="false">1757188</guid><pubDate>Sun, 05 Jul 2009 23:01:30 GMT</pubDate><title><![CDATA[Crude oil’s rally built on house of cards]]></title><description><![CDATA[Market fundamentals have failed to support the recent rally in crude oil prices]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1757188</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1757202.bin" /></item><item><guid isPermaLink="false">1762541</guid><pubDate>Mon, 06 Jul 2009 11:37:44 GMT</pubDate><title><![CDATA[Big bank mergers off the table, Nixon says]]></title><description><![CDATA[The global financial crisis may have taken mergers among
Canadian banks off the table once and for all as the breakdown of
major financial institutions around the world has shown that bigger
is not necessarily better.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1762541</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/102861.bin" /></item><item><guid isPermaLink="false">1762303</guid><pubDate>Mon, 06 Jul 2009 10:36:00 GMT</pubDate><title><![CDATA[Canada names rep to Chrysler board]]></title><description><![CDATA[Chrysler Group LLC, the U.S. automaker run by Fiat SpA, said former Northwest Airlines Corp. Chief Executive Officer Douglas Steenland will join the nine- member board of directors.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1762303</link></item><item><guid isPermaLink="false">1757305</guid><pubDate>Fri, 03 Jul 2009 23:06:21 GMT</pubDate><title><![CDATA[Nations meet to narrow gap over emissions]]></title><description><![CDATA[Officials from a 17-member body that accounts for most of the world’s carbon emissions will hold urgent talks Tuesday to iron out differences on the eve of a July 8-10 summit of the G8.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1757305</link></item><item><guid isPermaLink="false">1757044</guid><pubDate>Mon, 06 Jul 2009 15:14:01 GMT</pubDate><title><![CDATA[The high road to success]]></title><description><![CDATA[Why do tall people succeed professionally far more than others? Author Arianne Cohen tries to find out]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1757044</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1757054.bin" /></item><item><guid isPermaLink="false">1757387</guid><pubDate>Sun, 05 Jul 2009 17:01:34 GMT</pubDate><title><![CDATA[Cash-deal reno built on risk]]></title><description><![CDATA[Family Man Garry Marr doesn't get why people pay cash for renovations]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1757387</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1757411.bin" /></item><item><guid isPermaLink="false">1757276</guid><pubDate>Sat, 04 Jul 2009 01:01:32 GMT</pubDate><title><![CDATA[The new Bond trader]]></title><description><![CDATA[The unlikeliest of species on the Street is suddenly the sexiest. Not since the heady 1980s, when a surge in bond markets inspired such tales as The Bonfire of the Vanities and Liar’s Poker, have buttoned-down bond traders been so hot]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1757276</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1757942.bin" /></item><item><guid isPermaLink="false">1757090</guid><pubDate>Sat, 04 Jul 2009 16:01:32 GMT</pubDate><title><![CDATA[Post-Madoff era of scrutiny will last about 15 minutes]]></title><description><![CDATA[In the wake of the financial world's biggest fraud, is the Street bound for a new era of oversight, regulation and introspection? Dream on, says William Hanley]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1757090</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1757131.bin" /></item><item><guid isPermaLink="false">1757341</guid><pubDate>Sat, 04 Jul 2009 16:01:33 GMT</pubDate><title><![CDATA[Tax shelters leaving investors out in the storm]]></title><description><![CDATA[Tax-shelter season may be months away, but a series of ongoing battles are surfacing based on prior years’ tax shelters gone awry]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1757341</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1757361.bin" /></item><item><guid isPermaLink="false">1756177</guid><pubDate>Fri, 03 Jul 2009 23:38:47 GMT</pubDate><title><![CDATA[China tie too valuable for Teck to pass up]]></title><description><![CDATA[Don Lindsay did not need to take a $1.74-billion cash injection from China Investment Corp. After his efforts in recent months, Teck Resources Ltd.’s balance sheet was already in much better shape]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1756177</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1154959.bin" /></item><item><guid isPermaLink="false">1756772</guid><pubDate>Fri, 03 Jul 2009 21:32:26 GMT</pubDate><title><![CDATA[Flaherty warns of higher unemployment levels]]></title><description><![CDATA[Improvements in the Canadian and U.S. economies are likely to come in "fits and starts" over the second half of this year, analysts say -- with Finance Minister Jim Flaherty acknowledging as much Friday warning unemployment levels will continue to deteriorate well into next year]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1756772</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1757076.bin" /></item><item><guid isPermaLink="false">1756358</guid><pubDate>Fri, 03 Jul 2009 21:13:15 GMT</pubDate><title><![CDATA[TSX inches higher Friday, but down on week]]></title><description><![CDATA[For the week, the country’s top exchange was down 1.03% as concerns about the economic recovery were heightened by a string of negative economic data, including worse-than-expected U.S. job loss figures on Thursday]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1756358</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1757381.bin" /></item><item><guid isPermaLink="false">1757334</guid><pubDate>Fri, 03 Jul 2009 21:01:46 GMT</pubDate><title><![CDATA[Get ready for the Terminator IOU market]]></title><description><![CDATA[California began mailing out its first batch of IOUs this week after state legislators failed to reach a deal over how to close the US$26-billion hole in its budget before the new fiscal year began on Wednesday. Thousands of businesses and individuals will receive a note]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1757334</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1757360.bin" /></item><item><guid isPermaLink="false">1757704</guid><pubDate>Fri, 03 Jul 2009 23:01:36 GMT</pubDate><title><![CDATA[Air Canada union focuses on job security as talks continue]]></title><description><![CDATA[In new, marathon negotiations with Air Canada, the airline’s main union said Friday it will focus over the next few days on the job security demands of its Montreal chapter that caused a sharp split this week.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1757704</link></item><item><guid isPermaLink="false">1757116</guid><pubDate>Fri, 03 Jul 2009 19:01:48 GMT</pubDate><title><![CDATA[Livent sentencing hearing to begin Monday]]></title><description><![CDATA[Prosecutors are expected to ask that a significant prison term be imposed, at least by Canadian standards, against Garth Drabinsky and Myron Gottlieb when a sentencing hearing begins in a Toronto courtroom on Monday]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1757116</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1757115.bin" /></item><item><guid isPermaLink="false">1757085</guid><pubDate>Fri, 03 Jul 2009 19:01:42 GMT</pubDate><title><![CDATA[Toronto law firm files a petition for a class-action lawsuit against Expedia]]></title><description><![CDATA[A Toronto law firm has filed a petition for a class-action lawsuit against online travel company Expedia.ca, alleging the website overcharged its customers.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1757085</link></item><item><guid isPermaLink="false">1756391</guid><pubDate>Fri, 03 Jul 2009 15:01:39 GMT</pubDate><title><![CDATA[Canadian Superior asset sale could face challenge]]></title><description><![CDATA[Oil and gas company Canadian Superior Energy Inc. said Friday its former partner BG International Ltd. is looking to block a contentious $142-million sale of an offshore natural gas drilling platform.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1756391</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1356456.bin" /></item><item><guid isPermaLink="false">1756112</guid><pubDate>Fri, 03 Jul 2009 12:01:31 GMT</pubDate><title><![CDATA[Globe and Mail reaches tentative deal with union]]></title><description><![CDATA[The Globe & Mail newspaper reached an eleventh-hour agreement on a new labour contract with its union Thursday night, averting a work stoppage at the 165-year-old daily.]]></description><link>http://network.nationalpost.com/np/blogs/fpposted/archive/2009/07/03/globe-and-mail-talks-with-union-continue.aspx</link></item><item><guid isPermaLink="false">1756122</guid><pubDate>Fri, 03 Jul 2009 13:26:40 GMT</pubDate><title><![CDATA[Magna board set to approve Opel plans: sources]]></title><description><![CDATA[Magna's board of directors is scheduled to approve on Tuesday a business plan for the acquisition of German carmaker Opel, two sources familiar with the matter said on Thursday.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1756122</link></item><item><guid isPermaLink="false">1752178</guid><pubDate>Fri, 03 Jul 2009 13:17:21 GMT</pubDate><title><![CDATA[U.S. loses equivalent of every job created this decade]]></title><description><![CDATA[All job growth since the final year of the dot-com bubble, its recovery from the bust, and the ensuing six years of consumer-driven boom is now gone, leading some economists to fear an outright decline in wages will be next. Others believe the U.S. is on track for a painful "jobless recovery"]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1752178</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1752181.bin" /></item><item><guid isPermaLink="false">1752363</guid><pubDate>Thu, 02 Jul 2009 21:47:49 GMT</pubDate><title><![CDATA[Ford again takes advantage of GM's woes]]></title><description><![CDATA[Ford sales beat GM sales in June, as happened in February. But this time, Ford also bested all rivals to take the sales crown for the first time in 60 years]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1752363</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1752379.bin" /></item><item><guid isPermaLink="false">1753012</guid><pubDate>Thu, 02 Jul 2009 21:31:32 GMT</pubDate><title><![CDATA[Navistar's Chatham truck plant closed indefinitely]]></title><description><![CDATA[Navistar International Corp.’s Chatham, Ont., truck plant is shut down indefinitely and contentious talks between the company and union over dramatic staff cuts are on hold for at least two weeks.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1753012</link></item><item><guid isPermaLink="false">1753262</guid><pubDate>Thu, 02 Jul 2009 23:01:31 GMT</pubDate><title><![CDATA[AGF opens a Boston office as part of its expansion plan]]></title><description><![CDATA[AGF Management Ltd. has opened a Boston office in a bid to land more investing mandates from state pension plans, foundations and corporate investors, part of the company’s efforts to expand its global institutional money management business.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1753262</link></item><item><guid isPermaLink="false">1753488</guid><pubDate>Thu, 02 Jul 2009 22:02:12 GMT</pubDate><title><![CDATA[Talk is that Ivanhoe may win approval in Mongolia]]></title><description><![CDATA[Another political deadline is looming for Ivanhoe Mines Ltd. to win approval for its flagship copper-gold deposit in Mongolia, and there is growing speculation from investors it may actually happen this time]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1753488</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1631752.bin" /></item><item><guid isPermaLink="false">1754032</guid><pubDate>Fri, 03 Jul 2009 04:45:43 GMT</pubDate><title><![CDATA[Globe, union reach tentative deal]]></title><description><![CDATA[The Globe and Mail and its union reached a tentative deal just ahead of a midnight strike deadline on Thursday night.]]></description><link>http://network.nationalpost.com/np/blogs/fpposted/archive/2009/07/03/globe-and-mail-talks-with-union-continue.aspx</link></item><item><guid isPermaLink="false">1752663</guid><pubDate>Thu, 02 Jul 2009 23:20:06 GMT</pubDate><title><![CDATA[Air Canada, union to explore next steps Friday]]></title><description><![CDATA[The 3,800 Air Canada machinists and maintenance mechanics of a Montreal union local were largely responsible for the thumbs-down Wednesday on a tentative deal reached by their national bargaining committee, a nay vote fed by fear of losing their jobs to outsourcing.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1752663</link></item><item><guid isPermaLink="false">1753400</guid><pubDate>Thu, 02 Jul 2009 22:01:59 GMT</pubDate><title><![CDATA[BetaPro sells unit stake to National Bank Financial Group]]></title><description><![CDATA[Canadian exchange-traded-funds management company BetaPro Management Inc. has sold a 20% stake of its subsidiary AlphaPro Management Inc. to National Bank Financial Group.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1753400</link></item><item><guid isPermaLink="false">1753252</guid><pubDate>Thu, 02 Jul 2009 21:01:55 GMT</pubDate><title><![CDATA[SEC lawyer warned of Madoff irregularities]]></title><description><![CDATA[A U.S. Securities and Exchange Commission lawyer warned about irregularities at Bernard Madoff’s financial management firm as far back as 2004, The Washington Post reported Thursday, citing agency documents and sources familiar with the investigation.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1753252</link></item><item><guid isPermaLink="false">1753164</guid><pubDate>Thu, 02 Jul 2009 21:01:35 GMT</pubDate><title><![CDATA[Warren Buffett donates US$1.5B in Berkshire shares]]></title><description><![CDATA[Billionaire investor Warren Buffett has donated about US$1.5-billion in Berkshire Hathaway Inc stock, in connection with his 2006 pledge of his holdings to charitable causes.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1753164</link></item><item><guid isPermaLink="false">1752623</guid><pubDate>Thu, 02 Jul 2009 18:02:01 GMT</pubDate><title><![CDATA[Golf course, toxic plants up for grabs in GM 'garage sale']]></title><description><![CDATA[As General Motors Corp. prepares to sell its best assets to a streamlined new entity, the worst of what it owns will be auctioned off in bankruptcy court, including contaminated factory sites, parking lots in Flint, Mich., and a nine-hole golf course in New Jersey.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1752623</link></item><item><guid isPermaLink="false">1752293</guid><pubDate>Thu, 02 Jul 2009 15:01:56 GMT</pubDate><title><![CDATA[Viva Las Vegas! Onex takes over iconic Tropicana]]></title><description><![CDATA[Private equity investment company Onex Corp. has acquired a majority stake in the Tropicana Las Vegas Hotel and Casino after the property emerged from bankruptcy protection on Wednesday.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1752293</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1752297.bin" /></item><item><guid isPermaLink="false">1752319</guid><pubDate>Thu, 02 Jul 2009 15:02:04 GMT</pubDate><title><![CDATA[Rogue trader blamed for Tuesday's crude oil spike]]></title><description><![CDATA[A rogue trader has left a London-based oil brokerage with losses of almost US$10-million following a series of unauthorised trades two days ago believed to have caused a spike in global crude prices.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1752319</link></item><item><guid isPermaLink="false">1752177</guid><pubDate>Thu, 02 Jul 2009 13:01:44 GMT</pubDate><title><![CDATA[ECB keeps rates at record low 1%]]></title><description><![CDATA[The European Central Bank kept euro zone interest rates at 1.0% on Thursday, and markets expect it to hold them at the all-time low for much of next year to help repair the region's economy.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1752177</link></item><item><guid isPermaLink="false">1752156</guid><pubDate>Thu, 02 Jul 2009 13:01:42 GMT</pubDate><title><![CDATA[J&J buys US$1-billion stake in Alzheimer drug maker]]></title><description><![CDATA[Johnson and Johnson is take over most of Elan Corp. Alzheimer's research and invest US$1-billion in new Elan equity in exchange for an 18.4% stake in the Irish drugmaker, the companies said on Thursday.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1752156</link></item><item><guid isPermaLink="false">1752096</guid><pubDate>Thu, 02 Jul 2009 12:01:37 GMT</pubDate><title><![CDATA[Strong demand for Rio Tinto rights offering]]></title><description><![CDATA[Rio Tinto Ltd sold virtually all of the UK part of its US$15.2-billion rights offer, the world's fifth-biggest, easing its huge debt burden and putting the world's top iron ore miner back in growth mode.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1752096</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1056618.bin" /></item><item><guid isPermaLink="false">1749235</guid><pubDate>Wed, 01 Jul 2009 21:52:40 GMT</pubDate><title><![CDATA[Air Canada's biggest union rejects deal]]></title><description><![CDATA[Air Canada's biggest union has narrowly rejected a labour deal that the airline says it needs to get crucial funding.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1749235</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1749243.bin" /></item><item><guid isPermaLink="false">1749690</guid><pubDate>Wed, 01 Jul 2009 23:01:33 GMT</pubDate><title><![CDATA[Oshawa to get GM's new Cadillac]]></title><description><![CDATA[General Motors Corp. will build a new luxury stretch sedan called the Cadillac XTS at its assembly plant in Oshawa, Ont., according to suppliers briefed on the automaker’s latest product plans.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1749690</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1749790.bin" /></item><item><guid isPermaLink="false">1749560</guid><pubDate>Wed, 01 Jul 2009 21:55:16 GMT</pubDate><title><![CDATA[Canadian banks fail to make top 30 of global ranking]]></title><description><![CDATA[No Canadian banks made it into the top 30 of the 1,000 banks ranked by the Financial Times' “The Banker” magazine, though CIBC scored 15th worst for losses.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1749560</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1749564.bin" /></item><item><guid isPermaLink="false">1749779</guid><pubDate>Wed, 01 Jul 2009 22:04:48 GMT</pubDate><title><![CDATA[Lear to file for bankruptcy protection]]></title><description><![CDATA[Auto seating supplier Lear Corp said on Wednesday it would file for Chapter 11 bankruptcy protection in a reorganization supported by key secured lenders and bondholders and that it had obtained US$500-million in bankruptcy financing.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1749779</link></item><item><guid isPermaLink="false">1749679</guid><pubDate>Thu, 02 Jul 2009 16:58:08 GMT</pubDate><title><![CDATA[Uh oh Canada! Americans are out-saving us]]></title><description><![CDATA[Americans look set to become better savers than Canadians for the first year in almost four decades as harsh economic times drive them to save their pennies.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1749679</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1749682.bin" /></item><item><guid isPermaLink="false">1749745</guid><pubDate>Thu, 02 Jul 2009 13:19:51 GMT</pubDate><title><![CDATA[Little hope in the pipeline for this tundra town]]></title><description><![CDATA[Repeated delays of Mackenzie Valley gas pipeline have Inuvik seeing red]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1749745</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1749763.bin" /></item><item><guid isPermaLink="false">1749184</guid><pubDate>Wed, 01 Jul 2009 20:47:01 GMT</pubDate><title><![CDATA[Recovery hopes buoy Wall Street]]></title><description><![CDATA[U.S. stocks rose on Wednesday, the start of the third quarter, as reassuring manufacturing data from China, Europe and the United States reinforced hopes that the world’s economy is on the road to recovery.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1749184</link></item><item><guid isPermaLink="false">1749499</guid><pubDate>Wed, 01 Jul 2009 19:02:03 GMT</pubDate><title><![CDATA[Stanford CFO to plead guilty]]></title><description><![CDATA[Stanford Group chief financial officer James Davis will plead guilty as part of a federal probe of a US$7-billion ponzi scheme at the Texas company, his lawyer David Finn said in an e-mailed statement.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1749499</link></item><item><guid isPermaLink="false">1749812</guid><pubDate>Wed, 01 Jul 2009 22:01:51 GMT</pubDate><title><![CDATA[Gannett to cut 1,400 newspaper jobs]]></title><description><![CDATA[Gannett Co., the largest U.S. newspaper owner, will eliminate about 1,400 publishing jobs by July 9 as it copes with declining advertising and circulation.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1749812</link></item><item><guid isPermaLink="false">1749588</guid><pubDate>Wed, 01 Jul 2009 20:01:47 GMT</pubDate><title><![CDATA[Woods tops Sports Illustrated's highest earners list]]></title><description><![CDATA[Tiger Woods remains the top-earning U.S. athlete, making almost US$100-million in prize money and endorsements during the past year even though knee surgery kept him off the golf course for eight months, according to Sports Illustrated.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1749588</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1749597.bin" /></item><item><guid isPermaLink="false">1749607</guid><pubDate>Wed, 01 Jul 2009 20:01:52 GMT</pubDate><title><![CDATA[California governor declares fiscal emergency]]></title><description><![CDATA[California Gov. Arnold Schwarzenegger  Wednesday declared a fiscal emergency for the government of the most populous U.S. state to force lawmakers into a special session to tackle a US$24.3 billion state budget gap.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1749607</link></item><item><guid isPermaLink="false">1749647</guid><pubDate>Wed, 01 Jul 2009 20:01:55 GMT</pubDate><title><![CDATA[Canadian miners unfazed by Honduras coup]]></title><description><![CDATA[Canadian miners say it is business as usual in Honduras despite a military coup that caught the international community off guard and was widely condemned.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1749647</link></item><item><guid isPermaLink="false">1749343</guid><pubDate>Thu, 02 Jul 2009 10:30:34 GMT</pubDate><title><![CDATA[U.S. won't fund GM past July 10 without sale, court hears]]></title><description><![CDATA[If General Motors wins court approval for its asset sale this week, a "New GM" could be ready to make an initial public offering in 2010, a U.S. Treasury official testified in U.S. bankruptcy court on Wednesday.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1749343</link></item><item><guid isPermaLink="false">1749196</guid><pubDate>Wed, 01 Jul 2009 19:45:44 GMT</pubDate><title><![CDATA[Oil falls on stockpile of U.S. gasoline]]></title><description><![CDATA[Oil prices fell on Wednesday after government data showed an increase in U.S. gasoline inventories ahead of the July 4 Independence Day holiday, traditionally the peak of the summer driving season.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1749196</link></item><item><guid isPermaLink="false">1749284</guid><pubDate>Wed, 01 Jul 2009 16:01:37 GMT</pubDate><title><![CDATA[Decline in U.S. manufacturing slows]]></title><description><![CDATA[The U.S. manufacturing sector shrank in June but at a slower pace than during the prior month, according to an industry report released on Wednesday.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1749284</link><enclosure type="image/jpeg" url="http://www.financialpost.com/creditcrunch/1749326.bin" /></item><item><guid isPermaLink="false">1749351</guid><pubDate>Wed, 01 Jul 2009 17:01:36 GMT</pubDate><title><![CDATA[Crabtree & Evelyn's U.S. arm files for Chapter 11]]></title><description><![CDATA[Crabtree & Evelyn Ltd, a specialty retailer known for its soaps and other personal care products, filed for Chapter 11 bankruptcy as the tough economy led to falling sales and rising losses.]]></description><link>http://www.financialpost.com/creditcrunch/story.html?id=1749351</link></item></channel></rss>
