Norway’s controversial Princess Martha Louise has given birth to her third daughter, named Emma Tallulah Behn. The Princess has bucked royal family traditions on many occasions, and continues to...
AFP - LONDON (AFP) - Crude oil prices slumped to eight month low points below 90 dollars a barrel on Monday as worsening financial turmoil triggered fears about slowing demand for energy, traders...
AFP - WASHINGTON (AFP) - The Federal Reserve said Monday it would start to pay interest on bank deposits for the first time and expand bank refinancing operations to 900 billion dollars by year-end...
Reuters - TORONTO (Reuters) - Bank of Nova Scotia said on Monday it planned to spend C$2.3 billion in cash to buy Sun Life Financial's stake in fund manager CI Financial, the bank's latest step...
Reuters - NEW YORK (Reuters) - Bank of Nova Scotia said on Monday Washington's $700 billion plan to rescue the troubled U.S. financial system was too late to stop Canada from slipping into...
The Canadian Press - TORONTO - The Toronto stock market opened sharply lower Monday morning amid plunging crude oil prices, which fell below US$90 before rebounding slightly.
Asian and European stock markets plunged Monday as government bank bailouts in the U.S. and Europe failed to alleviate fears that the global financial crisis would depress world economic growth.
Oil prices briefly fell to an eight-month low below $90 a barrel Monday on speculation that the spreading financial crisis will exacerbate a global economic slowdown and cut demand for crude oil.
An official says the administration has decided to pick a key Treasury Department official to be the interim head of its $700 billion rescue effort for financial institutions.
The president's top economic advisers are pledging to work with their counterparts around the world to restore confidence and stability to financial markets.