US Debt Ceiling

Debt Default 'A Pure Act Of Idiocy'

CP | Josh Funk, The Associated Press | Posted 01.23.2014 | Canada Business

OMAHA, Neb. - Billionaire Warren Buffett said Wednesday it would be idiocy for the nation's leaders to allow the United States to default on its bills...

Debt Stalemate 'Dangerous' For Global Economy

CBC | Posted 01.23.2014 | Canada Business

The World Bank is warning of serious consequences for the global economy if politicians in the U.S. fail to increase their government's borrowing...

U.S. Shutdown Good News For Canadian Mortgages - For Now

The Huffington Post Canada | Daniel Tencer | Posted 10.08.2013 | Canada Business

The U.S. government shutdown has had an interesting side effect for Canada: It has held out the promise of lower mortgage rates, and therefore a stron...

The Bigger Worry For Canada

CBC | Posted 01.23.2014 | Canada Business

The U.S. government shutdown dominated headlines on both sides of the border Tuesday, but economists say there is little chance of the shutdown harmin...

As Debt Ceiling Looms, U.S. Prepares For Some 'Creative Accounting'

AP | Posted 12.26.2012 | Canada Business

WASHINGTON (AP) -- The U.S. Treasury Department will begin taking steps this week to delay hitting the government's $16.4 trillion borrowing limit. Wi...

Rachel Mendleson

U.S. 'Fiscal Cliff' Threatens To Take Canada Down With It

HuffingtonPost.com | Rachel Mendleson | Posted 09.06.2012 | Canada Business

Engaged in a game of chicken with a teenage rival, Buzz Gunderson drives full throttle toward a steep cliff, intending to stay in the car only long en...

The Super Committee's Lost Opportunity

Andrew Pyle | Posted 01.24.2012 | Canada Business
Andrew Pyle

As Americans head into their Thanksgiving long weekend, they will have plenty of things to be thankful for. Unfortunately, an effective government will not be one of them. There was a feeling that members of Congress would get their respective acts together and put to rest any doubts over fiscal repair in the U.S.

Gold Plummets $200 From Record High

The Huffington Post Canada | Daniel Tencer | Posted 10.25.2011 | Canada Business

The price of gold plummeted some $200 in Thursday trading from its record highs earlier this week, taking the steam out of a commodity that has been b...

So Far, So Good: Markets Extend Gains Friday Morning

CP | The Canadian Press | Posted 10.11.2011 | Canada Business

TORONTO - The Toronto stock market finished little changed Friday as a strong U.S. retail sales report raised hopes that a market bottom is near after...

Debt Deal No Help: TSX Drops 5.5. Per Cent In Six Sessions

CP | Posted 10.02.2011 | Canada Business

TORONTO - North American stock markets tumbled Tuesday as relief over the rise of the U.S. debt ceiling was countered by rising worries that economic ...

U.S. Government Now Holds Less Cash Than Apple

Financial Post | Posted 09.28.2011 | Canada Business

Steve Jobs is now more liquid than Uncle Sam. While it’s highly unlikely that President Barack Obama is looking to ask the founder and chief executi...