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Financial News

Carney Shows How Canada Controls Risk So Central Banks Worldwide Can Too Bank of Canada Governor Mark Carney, the former investment banker who helped the country avert the worst of the financial crisis, says Canada’s experience provides lessons for the world.

Flaherty Says He Won't Take Measures That Could Hurt Economic Recovery Canadian Finance Minister Jim Flaherty said his government won’t take measures that could hobble the country’s recovery in order to bring the budget back to balance.

CF's Bid for Terra Advances as Shareholders Elect Slate of Board Nominees Terra Industries Inc. shareholders elected a slate of three board nominees backed by CF Industries Holdings Inc., advancing CF’s $4.05 billion bid to acquire the nitrogen-fertilizer producer.

Sun Life Needs Acquisition for U.S. Life-Insurance Expansion, Boscia Says Sun Life Financial Inc. needs to make an acquisition in the U.S. life-insurance market if Canada’s third-largest insurer wants to significantly expand there, President Jon Boscia said.

Canadian Stocks Fall as Energy Shares Drop With Oil Prices; TD Bank Falls Canadian stocks fell for a second day, paring their weekly gain, as oil producers slipped with commodity prices after the U.S. dollar strengthened.

Canada's Currency Weakens for a Fourth Day as Investors Shun Equities, Oil Canada’s dollar depreciated for a fourth straight day, the longest losing streak in more than two months, as global stocks and crude oil dropped and the U.S. currency rose against most of its major counterparts.

Canadian Bankruptcies Rose at Faster Annual Pace in September Than August Canadian bankruptcies rose at a faster annual pace in September than a month earlier, the country’s bankruptcy superintendent reported on its Web site.

Fed Makes Monitoring Capital Adequacy Foremost Concern Amid Talk of Bubble Federal Reserve officials are stepping up scrutiny of the biggest U.S. banks to ensure the lenders can withstand a reversal of soaring global-asset prices, according to people with knowledge of the matter.

Commodities to Attract Record $60 Billion This Year, Barclays Capital Says Commodities will likely attract a record $60 billion this year as investors seek to diversify their assets, Barclays Capital said.

Gold Advances for Sixth Straight Session on Speculation Dollar to Retreat Gold prices climbed for the sixth straight session on speculation that the dollar will decline, boosting demand for the metal as an alternative investment.

General News

Canadian Government Rejects Inquiry Into Treatment of Afghan Detainees Canada’s Conservative government rejected repeated calls from opposition lawmakers for a public inquiry into the fate of Afghans captured by the country’s military.

Lesbian U.S. Army Deserter Wins New Hearing for Canadian Refugee Status A U.S. deserter, who was denied refugee status in February, won a new hearing before Canada’s immigration board after a judge ruled the initial decision failed to consider the U.S. Army’s treatment of homosexual soldiers.

Monster, RBC Capital Resolve Lawsuit Over $66 Million Auction-Rate Dispute Monster Worldwide Inc., the world’s largest online-recruiting company, resolved its lawsuit against RBC Capital Markets over at least $66 million in student loan auction-rate securities.


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