Economy

WEF: Carney, Lagarde say recovery fragile and timid

Mark Carney, governor of the Bank of Canada and Christine Lagarde, managing director, International Monetary Fund (IMF), among others at the 43rd World Economic Forum Annual Meeting, have sounded a cautionary note about the fragile nature of the global economic recovery even if it faces fewer challenges this year, says a World Economic Forum news […]

By Staff |January 28, 2013

2 min read

As Apple sinks, will RIM rise?

For the most part U.S. earnings last week can be filed in the “good” column. A number of large cap names either met or beat analyst expectations: IBM, Google, McDonalds, United Technologies, Starbucks, 3M Co. and Procter & Gamble are just a few of the companies whose share prices climbed after releasing quarterly results.

By Gareth Watson |January 28, 2013

3 min read

Faceoff: Bubble trouble

Is Canada’s housing market hurtling toward a U.S.-style Armageddon?

By Kanupriya Vashisht |January 28, 2013

7 min read

Morgan Stanley head takes pay haircut

U.S. banks continue to cut bonuses and pays of their senior executives to beef up their bottom line. The latest addition to the growing list has been James Gorman, Morgan Stanley chief executive, who is set to take a pay cut, second year in a row. While the bank is looking for ways to boost […]

By Staff |January 25, 2013

1 min read