Stocks Expected to Fall as Economy Expectations Plunge

Stocks Expected to Fall as Economy Expectations PlungeThe resource-heavy Toronto stock market could be headed for another week of losses as commodity prices adjust to much lower expectations for economic growth. And while economic data this week is expected to show that the Canadian economy continued to grow in early summer, investors aren’t expected to find encouragement in the numbers as the economic outlook likely worsened in August. “Buckle up” for a rough ride, advised John Stephenson,…

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Economy will be Focus of Fall Session

Economy will be Focus of Fall SessionPrime Minister Stephen Harper addressed Conservative MPs in Ottawa Thursday and stuck entirely to the subject of the economy, sounding more positive notes than he has recently. The Conservative caucus is meeting to get ready for the new session of Parliament that starts Sept. 19. The government’s first priority is economic growth, Harper said, noting continuing fragility in world markets.  Read More…  

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Canadian Debt Levels Keep Rising

Canadian Debt Levels Keep RisingCanadians continued to rack up debt in the second quarter of the year as they took advantage of low interest rates, Statistics Canada said Tuesday. The ratio of credit market debt to personal disposable income crept to 148.7 per cent in the July-September period, topping the old record of 147.3 set in the previous quarter. Credit market debt includes mortgages and consumer loans. Statistics Canada said the ratio increased as…

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52% of Canadian Workers Play Hooky

52% of Canadian Workers Play HookyMore than 50 per cent Canadian workers admitted to taking a day off work by falsely claiming to be sick, according to a new survey released this week. However, playing hooky is far more popular in China where 71 per cent of workers say they’ve faked an illness. The Kronos Global Absence survey was conducted online in July and involved more than 9,400 respondents, two-thirds of whom were employed either…

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