Bank of Japan announces fresh stimulus to boost growth

April 30, 2012 under Useful Articles
27 April 2012 Last updated at 01:23 ET - BBC © 2012 The Bank of Japan (BOJ) has increased its stimulus programme for the second time in just over two months in a bid boost the country’s economic growth. The central bank said it would expand its purchase of Japanese government bonds by 10tn yen ($123bn; £76bn). The move comes as Japan’s economy continues to struggle amid a slowdown in key export
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Canada’s economy shrinks

April 30, 2012 under Useful Articles
Financial Post Staff  Apr 30, 2012 – 8:39 AM ET | Last Updated: Apr 30, 2012 9:06 AM ET OTTAWA — Canada’s economy unexpectedly shrank in February, declining by 0.2% as a result of weakness in mining and manufacturing, leaving the economy well below the rate of growth recently forecast by the Bank of Canada. The Canadian dollar sank on the news and was trading 46 basis points lower than Frida
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Toronto, Vancouver home markets vulnerable, economists warn

April 30, 2012 under Home Buyer Resources
Greg Quinn and Christopher Donville, Bloomberg News  Apr 27, 2012 – 11:00 AM ET Toronto’s condominium market is showing signs of overbuilding, says an economist at the city’s largest university, while Royal Bank of Canada says Vancouver housing is vulnerable to a “marked correction.” Construction of new units in Toronto has accelerated compared with population growth, said Peter
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ILO warns global employment situation is ‘alarming’

April 30, 2012 under Useful Articles
30 April 2012 Last updated at 10:32 ET - BBC © 2012 The International Labour Organization (ILO) has warned that the global employment situation is “alarming” and unlikely to improve soon. The agency said that austerity measures, especially in advanced economies, were hurting job creation. The ILO said the situation was likely to get worse amid slowing global growth and more people entering the wo
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Spain is staggering under two fresh blows

April 30, 2012 under Useful Articles
Paul Day, Reuters  Apr 30, 2012 – 7:27 AM ET | Last Updated: Apr 30, 2012 11:18 AM ET MADRID — Spain’s economy slipped into recession in the first quarter, data showed on Monday, with deep government spending cuts to reduce a massive public deficit and troubles in the banking sector likely to delay any return to growth. Gross domestic product shrank 0.3% in January to March from the previous
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Housing prices cause financial worries for affluent: researcher

April 30, 2012 under Home Buyer Resources
By Derek Abma, Postmedia News April 29, 2012 A leading researcher of Canadian cultural trends says extravagant prices for homes in Toronto and Vancouver could be a reason why nearly a quarter of Canadians polled who earn $100,000 a year or more have concerns about meeting their financial obligations. A survey done for the Association for Canadian Studies found 22.8 per cent of respondents in this income category w
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Spanish unemployment hits record 5.64 million

April 27, 2012 under Useful Articles
27 April 2012 Last updated at 06:58 ET - BBC © 2012 Spanish unemployment has hit a new record high, official figures have shown. The number of unemployed people reached 5,639,500 at the end of March, with the unemployment rate hitting 24.4%, the national statistics agency said. The figures came hours after rating agency Standard & Poor’s downgraded Spanish sovereign debt. Official figures due out on
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Growth in the US economy falls back in first quarter

April 27, 2012 under Useful Articles
27 April 2012 Last updated at 09:10 ET - BBC © 2012 US economic growth slowed to an annualised pace of 2.2% in the first quarter of the year, from 3% in the final three months of last year. The figure was below economists’ estimates of 2.5% and is equivalent to quarter-on-quarter growth of 0.5%. The US Commerce Department said businesses had cut back on investment, depressing gross domestic product (GD
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Japan’s factory output rises 1 per cent, lifted by car production; jobless rate flat at 4.5 pct

April 27, 2012 under Useful Articles
By Malcolm Foster, The Associated Press  | April 27, 2012 TOKYO – Japan’s industrial production rose 1 per cent in March from February, led by output of automobiles, notebook computers and communications equipment amid a tentative upswing in the world’s third-largest economy. Aiming to support a recovery, the Bank of Japan expanded its asset buying program. Japan’s key manufacturi
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CMHC set to be under OSFI supervision?

April 26, 2012 under Useful Articles
Garry Marr  Apr 25, 2012 – 12:58 PM ET | Last Updated: Apr 25, 2012 6:22 PM ET With Canada’s dominant mortgage insurer running up against its massive coverage limit, the federal government appears set to announce Thursday how it will toughen oversight of the Crown corporation that buttresses the housing market and banking sector. In late March, the federal budget took aim at supervision of Canada M
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