Posted AT 12:22 AM EST on 13/11/08
Ottawa bows to banks to keep credit flowing
Pressure from Canada's big banks pushed the Harper government yesterday to overhaul the terms of financial assistance programs it recently designed to keep credit flowing through the Canadian economy.
Finance Minister Jim Flaherty announced a series of measures to support the banks, but also to mitigate the unexpected harm that some of his previous measures had caused.
The full text of this article has 952 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
| S&P/TSX | -20.97 | 11,579.33 |
| DJIA | -14.28 | 10,318.16 |
| S&P 500 | -3.52 | 1,091.38 |
| Nasdaq | -10.78 | 2,146.04 |
| Stock Profile | |
|---|---|
|
|
U.S. stock futures head higher
Investors await key U.S. data on manufacturing and housing
-
Video:
Japan takes it on the chin
|
MOST POPULAR 
Most Popular
| Rank | Headline |
|---|---|
| 1. | Canadian dollar on a roll 9:44 AM
|
| 2. | Magna poised to take wheel at Opel 1:38 PM
|
| 3. | Royal Bank loses $50-million 9:39 AM
|
| 4. | CanWest skips interest payment to conserve cash 1:43 PM
|
| 5. | U.S. economic slump eases 8:45 AM
|
| 6. | Gold jumps above $970/oz as dollar weakens 6:36 AM
|
| 7. | Macquarie snaps up Tristone for $130-million 28/05/09 6:36 PM
|
| 8. | Oil surges above $65 6:35 AM
|
| 9. | UK data signals worst of downturn may be over 6:41 AM
|
| 10. | Markets set to end May on a better note 10:16 AM
|
Konrad YakabuskiLindsey Graham extends a green hand to Canada
ROB CARRICKThe bad boys of the ETF world
MARCUS GEEWomen too soft to run for mayor? Them's fightin' words
BARRIE MCKENNAShow's far from over for Oprah's brand power
Derek DeCloetAN APP FOR EVERYONE