Economy

U.S. dollar woes bad for financial stability: Expert

The long, steady decline of the U.S. dollar, particularly over the last year, has one internationally recognized economist worried that recent bailouts will do little to ensure depositors and investors keep their money in institutions like Fannie Mae and Freddie Mac. Dr. Ben Steil, director of international economics at the Council of Foreign Relations in […]

By Mark Noble |September 11, 2008

5 min read

Fed holds steady on interest rates

(September 24, 2002) The U.S. Federal Reserve today left its key interest rate unchanged but again signalled it stands ready to take action if the economy doesn’t improve. American interest rates have remained at 1.75% throughout 2002, a 40-year low. “Aggregate demand is growing at a moderate pace,” the Fed said in a statement, adding […]

By Staff |September 25, 2002

1 min read

Canada expected to post respectable growth while U.S. sputters

Jim MacDonald (September 16, 2002) Economists at the TD Bank say the economic struggles of the United States will not be enough to undermine the impressive performance of Canada’s economy this year. In their quarterly forecast, TD economists said today the growth of Canada’s economy would slow in the second half of the year from […]

By Jim MacDonald |September 20, 2002

2 min read