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Canada's jobless rate rises unexpectedly

Canada lost 43,000 full-time jobs in October. The losses were a surprise and boosted Canada's unemployment rate to 8.6 percent. Part-time work decreased by 60,000 positions in October, with adult women and youth bearing the brunt of the drop.
Published 19 hours ago by  Stephanie Dearing in Business | 1 comment

Fannie Mae Requests $15 Billion from U.S. Government

Fannie Mae, the U.S. mortgage buyer currently in the conservatorship of the Federal Housing Finance Agency (FHFA), has requested another $15 billion in state aid following a net loss of nearly $19 billion in the third quarter of the year.
Published 18 hours ago by  Chris Dade in Business

National Bookstore Day is Today

On Saturday November 7th book lovers everywhere are expected to flood bookstores in celebration of National Bookstore Day.
Published 18 hours ago by  Christina Jones in Business

US unemployment rate soars, employers cut 190,000 jobs in October

The U.S. Dept. of Labor reports that October's unemployment rate jumped to 10.2 percent. That rate is the highest it has been since 1983. Some employers, however, are adding temporary workers.
Published 21 hours ago by  Kay Mathews in Business | 1 comment

Unemployment rate climbs to 10.2%

The US economy lost a net total of 190,000 jobs in October, causing the national unemployment rate to jump to 10.2%, the highest in 26 years.
Published 21 hours ago by  Aaron Jefferson in Business

Toronto Transit Commission to raise fares, metropass Special

Toronto transit riders may experience another fare hike in both per ride and passes. It is expected to cost $3 per fare and $126 for a monthly metropass.
Published yesterday by  Andrew Moran in Business | 3 comments

Opinion: Australia’s half-witted superannuation muddle rides again

To describe Australia’s superannuation policies as grotesque is to flatter them. To add absurdity to injury, successive governments have been scratching their heads about “how to pay for the aging population” while taxing super to the bone.
Published yesterday by  Paul Wallis in Business

Central Bank in U.K. Expands Money Printing Program

The Monetary Policy Committee (MPC) at the Bank of England, the central bank in the U.K., voted on Thursday to pump another £25 billion ($41 billion) into the country's economy.
Published Nov 5, 2009 by  Chris Dade in Business | 1 comment

China approves construction of new Disneyland theme park

The new park in Shanghai is estimated to cost roughly $3.6 billion to develop. Disney officials hope to crack the proven difficult Chinese pop culture arena.
Published Nov 5, 2009 by  Alisa Driscoll in Business

FDA warns consumers on sexual enhancement products

The U.S. Food and Drug Administration is warning consumers that Stiff Nights, a product marketed as a dietary supplement for sexual enhancement, contains an ingredient that can dangerously lower blood pressure and is illegal.
Published Nov 5, 2009 by  Bob Ewing in Business
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