Stocks drop on Dubai default fears, but off lows

Reuters - NEW YORK (Reuters) - U.S. stocks fell more than 1 percent on Friday as a possible debt default by a Dubai state-owned conglomerate increased investors' uncertainty about the financial...

Oil falls 2.7 percent on Dubai default worries

Reuters - NEW YORK (Reuters) - Oil prices dropped over 2 percent to nearly $76 a barrel on Friday as fears of possible defaults in Dubai convulsed financial markets and boosted safe-haven demand...

Ottawa awash in red ink as deficit balloons to $28.6B for first six months of year

The Canadian Press - OTTAWA - Ottawa is past the halfway mark to the biggest deficit in the country's history, the Finance Department reported Friday.

Flaherty sees economic improvement ahead

Reuters - TORONTO (Reuters) - Finance Minister Jim Flaherty said on Friday he expects to see more signs of economic recovery next year and that the Dubai debt payment delays show there are still...

TSX recovers

Baystreet.ca - Bay Street stocks bounced back on Friday and recovered some of the sharp losses seen in the previous session.