DEBT DEFAULT

CP

TSX Skids To Eight-And-A-Half Month Low

TORONTO (Reuters) - Toronto's main stock index hit its lowest level since November on Tuesday after a U.S. deal to avoid a government debt default failed to distract investors from recent dismal econo...

Flaherty 'Very Concerned' About Debt Crisis

BURLINGTON, Ont. - Finance Minister Jim Flaherty said Tuesday that he is "very concerned" about the debt crisis in the United States, warning that Canada would feel an impact if Washington defaulted on its loans.But Flaherty also said he believed that U.S. legislators would reach an agreement allowing Washington to raise its debt ceiling before the Aug. 2 deadline.