Trade Carney to Team UK? Not on your life!
News report: Carney approached for top Bank of England job Since he once played goal for the Harvard hockey team, it seems appropriate to use a hockey analogy: there’s no way we should trade...
Tagged: banking system
Canadian bank bailout total touches $186 billion
News item: Big Five banks tapped Fed for $111 billion funds during financial crisis I’m reminded of Bill Clinton’s infamous line: “I did not have sexual relations with that woman, Ms. Lewinsky.” Thanks to...
RBC note: "Is this recession different"?
I see plenty of research each day, but this summary report is very much worth sharing given the insights it provides into the direction of the North American economy. Dr. Mark Gertler, the Henry...
Bank business lending down again in June
The trend in weak Canadian commercial bank lending continues (see prior post “Bank business lending down for 5th consecutive month” June 30-09). I’m a week late with June’s figures, but the excitement around Nortel...
Feds leave CIT clients hanging
According to this morning’s New York Times, lender CIT Group (CIT:NYSE) will not be granted access to the FDIC’s debt issuance guarantee program. This takes me by surprise, as the murmurs coming out of...
Consumer savers swamp their business brethern
Canadians appear to have been girding for a long recession, according to the savings data that is buried in the Bank of Canada’s Weekly Financial Statistics data. But all Canadian businesses have been able...
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