GM Told to Prepare for Bankruptcy Filing
After giving struggling General Motors sixty days to reduce costs and develop a plan to ensure the company’s viability, The US Treasury Department has order GM to prepare for a bankruptcy filing in case the company fails to meet the restructure deadline. More
Survey Sees Canadian Economy Recovery by Late 2009
A poll of more than twenty economists suggests that Canada’s economy will continue to worsen in the first half of 2009 but will begin to recover before the end of the year. A majority of the economists responding to the poll said that they expect the recovery to intensify in 2010. More
Stock Futures Lower Ahead of Earnings Reports
Stock futures are down this morning as investors wait for several key earnings reports particularly from the banking sector. More
Yen Falls on Expected Strong US Bank Results
With recent gains in US bank stocks and more positive news expected this week as several of the large banks announce their earnings, investors are moving towards higher gain currencies to the detriment of the yen. More
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