Hail to the U.S. House of Representatives, which voted down the US$700-billion government bailout package and added fuel to the Wall Street selloff today.

The Ontario Securities Commission has followed the US Securities and Exchange Commission and the UK securities regulator and brought in a temporary ban on short-selling. Here's the release.

Attended a fund-raiser last night here in Toronto and the main topic of conversation around the table was of course the bad news etc out of New York this week. Lehman filing for bankruptcy protection, AIG getting bailed out by the U.S. government, Merrill Lynch getting sold to Bank of ...

So much bad news in the subprime story in the United States that it's hard to keep track of the players. But the continuing selloff in Lehman Bros. reminded me of some rather positive news stories on the century-plus-old NY investment bank not that long ago in real time—though it ...

...even though the numbers are crummy. The GDP figures released by Statistics Canada last week were widely presented as a good news/bad news proposition in the media. On the one hand, the numbers stunk — the economy grew at an annualized rate of just 0.3% in the second quarter. But, on ...

Anyone who's been following the Doha round at the World Trade Organization (even if that someone's only been following casually--and really who could take it full-time?) cannot even pretend to be surprised that yet again the trade talks have faltered.

Surprised that Bank of Canada Governor Mark Carney didn't lower the overnight rate? Everyone expected he would. But in the great balancing act that is monetary policy—between worries over inflation (driven by soaring commodity prices) and concerns over economic growth (sucking wind in Canada lately)—it seems that the scales of ...

Will Hillary be Obama’s VP? Well, who knows, eh? But Evan Smith, who is editor-in-chief of Texas Monthly magazine and an all-round smart guy, made a few bold predictions about the U.S. election during a speech to a magazine industry conference in Toronto yesterday.

When someone (no one knows who) leaked a confidential memo describing how one of Democratic candidate Barack Obama’s top aides allegedly told a Canadian official that Obama’s anti-NAFTA stand was political positioning, not policy, it touched off a storm of denials from the senator’s camp.

A timely and lucid report that TD Economics released this morning is well worth a read by anybody interested in the manufacturing sector in this country.