Archive for January 26th, 2009

Budget Do-or-Die for Canadian Government

January 26, 2009

Prime Minister Stephen Harper’s minority Conservative government has been sweetening the stimulus it will offer in tomorrow’s Federal 2009-10 budget (due at 21:00 GMT).  Initial resistance by Harper to fiscal pump-priming has given way to endorsement.  Eleven consecutive surpluses, a streak of great pride in Ottawa, will give way to an expected deficit of about […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Slow Start to Busy Week

January 26, 2009

Many Asian markets are closed for the Chinese new year: China, Hong Kong, Indonesia, Singapore, Malaysia,and Vietnam. China will be shut all week. Australian markets were also closed today in observance of Australia Day. Japan’s Nikkei dropped another 0.8%, and the Pakastani bourse slumped 2.4%. In contrast, European share prices are higher, with gains of […] More