OTTAWA, March 31- The Canadian economy shrank less than foreseen in January, Statistics Canada data showed on Tuesday, a report that reinforced economists' expectations that the central bank will hold interest rates steady in April. That will likely be a key driver for monetary policy, "said Benjamin Reitzes, senior economist at BMO Capital Markets.» Read More
The losses stem mostly from inventory impairments and land write-offs. In English, that means the value of their properties are falling and they’re having to walk away from land that they can’t use because nobody is going to buy the house they would put on it.
Community banker Elizabeth Duke took the oath of office as a member of the Federal Reserve's Board of Governors and will vote at a meeting on interest rates later in the day, the Fed said.
The experts gave CNBC their thoughts on the Federal Reserve meeting, where members are expected to vote on holding rates at 2 percent.
Australia's central bank on Tuesday opened the door to the first cut in interest rates for seven years, saying slowing demand and tight financial conditions were set to bring inflation down over time.
Wall Street widely expects the Fed to keep interest rates unchanged Tuesday as the central bank grapples with a faltering economy, shaky financial system and higher prices.
Remember those people last summer who wanted the Fed to raise interest rates? Lucky for us they never got their way.
With rising inflation and slowing growth, what's the Fed to do with this type of economic climate as they meet on Tuesday to decide the direction of interest rates.
The specter of stagflation will likely keep the U.S. Federal Reserve, the European Central Bank, and the Bank of England from changing short term interest rates this week, and their hands may be tied for some time as economic growth slows but inflation remains high.
The main event this week is the Fed meeting on Tuesday and investors will tune in to see if Bernanke & Co. offer any insight on inflation. Plus, more earnings, including Cisco, P&G and AIG.
And Ben Bernanke was wrong. A year later we look back to see whose strategy was best for this country.
A year after the credit crunch started what, if anything has changed, and more importantly what have banks learned? (Hint, not a lot.)
With jitters about employment impacting stocks, economists predict a loss of 75,000 jobs for July, the seventh straight month of payroll declines.
The jobs data is the make or break number for markets Friday. The monthly data, reported at 8:30 a.m., is expected to show a decline of 75,000 non-farm payrolls and an unemployment rate of 5.5%.
The US economy, desperately looking to stave off a recession, might find salvation in an unlikely place: volatile oil prices.
An emergency dose of government stimulus helped the U.S. economy grow at a 1.9 percent annual rate in the second quarter, a soft pace but enough to take it off a path perilously close to recession.
Euro zone inflation jumped to another record high of 4.1 percent year-on-year in July as forecast, data showed on Thursday, but a bleak economic outlook may discourage interest rate increases this year.
Oil inventory data could be as much a factor for stocks as energy markets Wednesday, if the seesaw trade between the two markets continues.
Manufacturing activity in Japan rebounded slightly in July from a six-year low the previous month, but a slowing economy and rising energy costs continued to hamper operating conditions, a survey showed on Thursday.
The US economy probably grew modestly in the second quarter, but analysts believe Thursday's GDP report will mainly reflect the help from stimulus checks.
The Federal Reserve said it is extending its emergency borrowing program to Wall Street firms and is taking other steps to ease a severe credit crunch that has hobbled the national economy.