US Trade Deficit Falls to $36 Billion
Lower crude oil prices combined with waning demand for imported goods as American consumers deal with a widening recession, resulted in a drop in the US trade deficit. The January trade deficit fell to $36 billion – the lowest level in six years. More
Markets Poised for More Gains
Stock futures point to further gains on Wall Street today after the Bank of America announced yesterday that it operated at a profit for the first two months of the year. Citigroup made a similar announcement earlier in the week. More
Canada Loses 82,000 Jobs in February
The Canadian economy shed 82,600 jobs in the month of December – considerably more than the expected 50,000 – and lifts the unemployment rate to 7.7 percent. More
Finance Ministers Prepare for Full G20 Meeting
Finance ministers from the G20 countries are meeting this weekend in West Sussex outside London to prepare for a meeting of the G20 countries in two weeks time. Developing a coordinated strategy for dealing with the economic crisis is at the top of the agenda. More
