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An unprecedented credit rating downgrade of U.S. government debt by Standard and Poor’s helped send the Toronto stock market tumbling about 400 points Monday.
The move Friday evening by the ratings agency has further bruised investor confidence that American and European leaders can stem worsening economic conditions and deal with a European government debt crisis.
The S&P/TSX […]
The deal reached by Congress to raise the debt ceiling and cut more than $2 trillion in public spending should have only a minor impact on the economy for the next two years.
Almost all the cuts would be made in 2014 or beyond. The approach heeds a warning by Federal Reserve Chairman Ben Bernanke and […]
Filed under: economics, mortgage by Finance Boss
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A typical Toronto household will see its electricity bill drop by 91 cents a month under new rates approved for Toronto Hydro.
The new rates, set by the Ontario Energy Board, are effective May 1, 2011, so bills will be slightly adjusted to make up for the past three months.
The energy board says a typical household […]
Filed under: finance, homeowners by Finance Boss
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Most casual gardeners can blast a hose on their parched, sun-stricken plants, then retreat inside to an air-cooled living room and a glass of iced tea payday advance lenders. But farmers
Filed under: economics, technology by Finance Boss
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Minnesota lawmakers have approved a budget deal that will end a 20-day state government shutdown as soon as Gov. Mark Dayton signs it.
The state House and Senate approved the budget during a special session, with the last vote coming early Wednesday morning after lawmakers worked through the night. The session began Tuesday afternoon.
It wasn’t clear […]
Filed under: management, technology by Finance Boss
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Strong sales of Barbie and toys tied into Disney/Pixar’s “Cars 2″ helped Mattel’s second-quarter net income rise 56 percent, the largest U.S. toy maker said Friday.
Net income for the three months ended June 30 rose to $80.5 million, or 23 cents per share, from $51.6 million, or 14 cents per share, last year. Analysts expected […]
Real estate investing doesn’t have to be a losing proposition, whether home prices continue to slip or not.
Ross Meredith has a lot of money riding on that notion, and it has worked out lately. The retired bank examiner owns stock in companies called real estate investment trusts, which own commercial properties. Those six REIT stocks […]
Filed under: Uncategorized, management by Finance Boss
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Signs that a global economic slowdown may be less serious than previously thought and a recovery in manufacturing in post-quake Japan sent Asian stock markets higher Wednesday.
Japan’s Nikkei 225 rose 1 percent higher to 9,745.69 after the government said the country’s industrial production rose 5.7 percent in May.
While the number was lower than the government’s […]