Canada
Canadian Bank Bonuses May Jump 50% This Year on Market Rebound, Vlaad Says Investment bankers at RBC Capital
Markets, TD Securities and other Canadian firms may see bonuses
jump as much as 50 percent from last year after record stock
sales and a surge in mergers fueled bank fees, a recruiter said.
Canada Posts Record $12.2 Billion Current Account Deficit on Automobiles Canada posted a record current
account deficit in the third quarter as imports, particularly of
vehicles and parts, rose faster than exports.
Canadian Stocks Rise as Banks Rebound From Yesterday's Dubai-Spurred Slump Canadian stocks advanced, rebounding
from the steepest loss in a month as some investors speculated
yesterday’s global sell-off in equities triggered by Dubai’s
attempt to delay debt repayments was overdone.
Commodities Slump the Most Since July on Stronger Dollar, Dubai Concerns Commodities slumped the most since
June, led by a drop in crude oil and industrial metals, as
Dubai’s attempt to reschedule its debt rattled investors and
spurred a strengthening of the dollar.
Canada's Currency Weakens as Appetite for Higher-Yielding Assets Declines Canada’s currency touched the lowest
level in almost three weeks as investors, shaken by Dubai’s
attempt to reschedule its debt payments, sought to unwind bets
in higher-yielding assets including commodity-linked currencies.
Gold Declines Most Since January After U.S. Dollar Index Extends Increases Gold dropped the most since January
in London as gains in the dollar damped demand for the precious
metal as an alternative asset.
Flaherty Sees No `Significant Concern' for Canada Over Dubai Debt Problem Canadian Finance Minister Jim
Flaherty said there doesn’t appear to be any reason for
“significant concern” about spillover effects from Dubai’s
attempt to delay debt repayments.
Webtech Wireless Cuts Full-Time Workforce by More Than 10%, Sukkarie Says WebTech Wireless Inc. said it has
reduced its full-time workforce by more than 10 percent and
adopted other cost saving measures. The job cuts do not affect
the company’s Grey Island operations, Chief Executive Officer
Anwar Sukkarie said in a statement.
Flaherty Wins Bloc Quebecois Support to Merge Sales Taxes With Provinces Canadian Finance Minister Jim
Flaherty won the support of the opposition Bloc Quebecois for a
bill that would allow provinces such as Ontario and British
Columbia to merge local sales taxes with a federal levy.
Rogers Plans to Offer On-Demand Television for Smart Phones in Early 2010 Rogers Communications Inc., Canada’s
largest wireless carrier, plans to extend its new online-
television service to smart phones in early 2010 as consumers
watch more shows on their handsets.
Walmart Wins Canada Supreme Court Ruling on Union Suit Over Store Closings Wal-Mart Stores Inc., the world’s
biggest retailer, won an appeal to Canada’s highest court,
letting it reject a lawsuit over its 2005 closing of a Quebec
store after employees unionized.
Toyota Extends Recall to 209,000 Vehicles in Canada, Toronto Star Says Toyota Motor Corp. extended a recall
to Canada to fix accelerator pedals for 209,000 vehicles in the
country, the Toronto Star reported.
Greenhouse-Gas Pledges by China, U.S. May Drive Climate Deal in Copenhagen Pledges by China and the U.S. to set
numerical targets for their greenhouse-gas emissions through
2020 may reignite stalled progress for a global climate
agreement at negotiations next month in Copenhagen.
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