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MARKET REACTION

Saturday, Feb. 4, 2006

Nerves steady as TSE reopens
By DAVE EBNER, The Globe and Mail
Friday, September 14, 2001

Fighting off fears of a market panic, investors pushed Canadian stocks higher yesterday in the first full session of trading since Tuesday's terrorist attacks on Manhattan and Washington brought all continental markets grinding to a halt.
FULL STORYarrow
Corporate camaraderie emerges
By KAREN HOWLETT, RICHARD BLACKWELL, ELIZABETH CHURCH AND ANDREW WILLIS, The Globe and Mail
Friday, September 14, 2001

David Kassie, chief executive officer of CIBC World Markets Inc., was heading toward the firm's Manhattan office Tuesday morning to host a conference for clients when he heard the sickening news.
FULL STORYarrow
Financial cost of attacks already in tens of billions
By BRUCE LITTLE, The Globe and Mail
Friday, September 14, 2001

After the horror come the dollar signs.

Yesterday, industries and governments worldwide were totting up the financial costs of Tuesday's terrorist attacks in the United States.
FULL STORYarrow
Brookfield tells investors One Liberty Plaza is safe
By OLIVER BERTIN, The Globe and Mail
Friday, September 14, 2001

Brookfield Properties Corp. rushed yesterday to reassure investors that its prized One Liberty Plaza building was safe, though it has sustained "significant" damage to the glass and granite facings.
FULL STORYarrow
Fed shores up European banks
Injects $50-billion (U.S.) into system; analysts expect interest rate cut soon
By MARIAN STINSON, The Globe and Mail
Friday, September 14, 2001

The U.S. Federal Reserve Board injected $50-billion (U.S.) into the European banking system as part of its efforts to shore up the global economy after Tuesday's terrorist attacks, and economists say the Fed likely will take the extra step soon of lowering interest rates.
FULL STORYarrow
Events, data make situation look far worse than it really is
By DOUGLAS GOOLD, The Globe and Mail
Friday, September 14, 2001

Horrible news continues to roll in on all fronts. The death toll from Tuesday's attacks is rising, the outline of a large, well co-ordinated terrorist organization in the United States is becoming clearer, and the prospect of war looms large.
FULL STORYarrow
Investors bail out of oil and gas stocks
By LILY NGUYEN, The Globe and Mail
Friday, September 14, 2001

CALGARY -- Analysts watched in bewilderment as investors bailed out of oil and gas stocks yesterday, in spite of the potential threat to world energy supplies following Tuesday's terrorist attacks on the United States.
FULL STORYarrow
Parts shortage forces auto makers to cancel shifts
By GREG KEENAN, AUTO INDUSTRY REPORTER
The Globe and Mail
Friday, September 14, 2001

The arteries that link the heart of the Canadian auto industry with its main customers and some parts suppliers in the United States remained partly clogged yesterday, causing some temporary plant shutdowns.
FULL STORYarrow

Morgan Stanley says 15 staff missing
Reuters News Agency
Friday, September 14, 2001

Morgan Stanley Dean Witter & Co., the top Wall Street investment bank that was the World Trade Center's largest tenant, said yesterday 15 employees were missing..
FULL STORYarrow
'My view of business is different': Cantor CEO
Reuters News Agency, with files from Bloomberg News
Friday, September 14, 2001

Howard Lutnick, chief executive officer of bond brokerage Cantor Fitzgerald LP,didn't make it to work on time Tuesday because he took his son to his first day of kindergarten.

And thus, he was not counted among 700 New York-based employees of the company's World Trade Center headquarters who perished in the attack that started when American Airlines Flight 11, en route from Boston to Los Angeles, sliced through the north tower about 8:45 a.m. Tuesday.
FULL STORYarrow
Ten Thomson employees missing
By KEITH DAMSELL, MEDIA REPORTER, The Globe and Mail
Friday, September 14, 2001

Ten employees of Thomson Corp. working at New York's World Trade Center are unaccounted for, the Toronto-based information services company said yesterday.
FULL STORYarrow
Truck traffic snarled at border
By MARTIN MITTELSTAEDT, The Globe and Mail
Friday, September 14, 2001

Trucker Rob Shewan had been waiting yesterday for 13 hours to cross into the United States to deliver his trailer load of aluminum bars from Woodstock, Ont., to a wheel-making plant in Erie, Penn.
FULL STORYarrow
Patience of drivers severely tested
By PETER KENNEDY, The Globe and Mail
Friday, September 14, 2001

The patience of Canadian truck drivers stranded at key U.S. border crossings was severely tested yesterday as tight security measures caused another day of heavy lineups, particularly in Ontario.
FULL STORYarrow
World Bank, IMF say they want annual meetings cancelled
Reuters News Agency
Friday, September 14, 2001

The World Bank and the International Monetary Fund want to cancel their annual meetings set for the end of the month in Washington in the wake of Tuesday's terror attacks, a senior World Bank source said yesterday.
FULL STORYarrow
Transat profit plunges in quarter
By BERTRAND MAROTTE, The Globe and Mail
Friday, September 14, 2001

Embattled travel company Transat A.T. Inc. yesterday reported a sharp drop in third-quarter profit and warned that Tuesday's terrorist attack on the United States will have a "substantial impact" on its fourth-quarter earnings.
FULL STORYarrow
U.S. delay in returning to work boosts chance of recession
By BARRIE MCKENNA, The Globe and Mail
Friday, September 14, 2001

Three full days after terrorists laid waste to New York's financial district, the United States remains in a virtual economic coma.

The transportation system that is the lifeblood of the economy is limping, stock exchanges are in their lengthiest shutdown since the First World War and businesses throughout the country are operating at something less than full throttle.
FULL STORYarrow
Calm hangs over gold as speculators wait on U.S. markets
By ALLAN ROBINSON, MINING REPORTER, The Globe and Mail
Friday, September 14, 2001

Traders say a calm hangs over the gold market as speculators around the world wait for direction from the powerful U.S. commodity and stock exchanges, which will reopen for business in New York on Monday.
FULL STORYarrow
Canadian hotel stocks down sharply
By ANGELA BARNES, The Globe and Mail
Friday, September 14, 2001

Canadian hotel stocks fell sharply in the face of uncertainties about how the travel and lodging industry will be affected by Tuesday's horrific attacks on the World Trade Center in New York and the Pentagon in Washington.
FULL STORYarrow
Fund sales could wither in face of economic, market uncertainty
By SHIRLEY WON, MUTUAL FUNDS REPORTER
The Globe and Mail
Friday, September 14, 2001

The economic and market uncertainty created by the terrorist attacks in the United States could put a further dent in already lacklustre sales in Canadian mutual funds, industry officials say.
FULL STORYarrow
It's too soon to know extent of fiscal damage
By BRIAN MILNER, The Globe and Mail
Friday, September 14, 2001

The unprecedented terrorist attacks that destroyed the World Trade Center and severely damaged the Pentagon certainly won't help the global economy come out of its current funk any time soon.
FULL STORYarrow

arrowRead Market Reaction articles from Sept. 14
arrowRead Market Reaction articles from Sept. 13
arrowRead Market Reaction articles from Sept. 12



 PHOTOS

Life Goes On
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SPECIAL
Voices From After the Fall, The Facts Behind the Fear, and the preview of a new Discovery documentary filmed at Ground Zero.


VIDEO






space THE LATEST:
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  • Six-month Memorial for Sept. 11 - U.S. President George Bush speaks from the White House. "The terrorists will remember Sept. 11 as the day their reckoning began," he said.

  • In Canada - Relatives of Canadian victims of the World Trade Centre attacks wonder why there's no six-month memorial here at home.

    CTVNEWS.com video reports






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