US Jobless Rate Soars
The US jobless rate jumped nearly half a percent in October to 6.5 percent with 240,000 jobs lost just one month after 284,000 positions were eliminated the month before. More
China Shows Signs of Weakness
Latest reports from the Chinese government show that that China’s exports are down considerably over last year reaching 20% in some areas as North American and European retailers cut back on inventory even as the holiday season is about to begin. More
Canadian Dollar Gains on News of Unexpected Job Growth
Despite a deepening of the financial crisis, Canada managed to post 9,500 new jobs last month despite predictions that the economy would actually contract by 10,00 jobs. More
Zero Percent Interest Rate a Possibility?
With both England and the Eurozone making deeping interest rate cuts yesterday and hints of more to come, and with the US and Japan already at 1 percent and 0.3 percent respectively, some pundits are floating the possibility of a zero percent “global” interest rate. More
Obama Begins the Task of Building His Team
President-elect Barack Obama and his transition team have made the struggling economy priority number one and several Clinton-era advisers are expected to play key roles in th new administration. More
