Flaherty Announces Canadian Credit Card Reforms

Canadian Finance Minister Jim Flaherty announced a series of credit card reforms, hot on the heels of yesterday's legislative action in the US. Disclosure of terms and limits, clarity in charges, and grace periods for conscientious customers were the main points of the...

Canada Unemployment Rate Hits 7-Year High at 8%

Canada's unemployment rate has hit a seven-year high, as Canadians lost over 60,000 jobs last month, taking into account job loss vs. new-job creation. From industry to finance, and from small towns to Bay Street, Canada sees its unemployment rate hit 8%. Such numbers were...

Government in Canada should buy out & not bail out U.S. carmakers

Branch plants of U.S. automakers are seeking Canadian taxpayers to bail them out. However, why should Canadians prop up U.S. automobile companies like GM, that destroyed their own zero-emission EV1 Electric Car, in order to appease Oil Industry interests? But, the Canadians...