US Debt Downgrade

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...

Flaherty, Carney To Address Global Economic Turmoil

CP | Craig Wong, The Canadian Press | Posted 10.18.2011 | Canada Politics

OTTAWA - The global economic upheaval is slowing growth in Canada, but Bank of Canada governor Mark Carney doesn't believe the country faces the pros...

Spooked Canadians Steel Selves For Hard Times

The Huffington Post Canada | Daniel Tencer | Posted 10.18.2011 | Canada Business

Canadians' confidence in the economy has been deeply shaken in the wake of the U.S. credit downgrade and the stock market ups and downs that followed,...

U.S. Justice Department Probes S&P Over Mortgage Ratings

CBC | CBC | Posted 10.18.2011 | Canada Business

Officials are investigating the ratings that Standard & Poor’s gave to dozens of mortgage-backed securities in the lead-up to the f...

Starbucks Chief to CEOs: Stop Giving To Politicians

Bloomberg News | Posted 10.15.2011 | Canada Business

Starbucks Corp. Chief Executive Officer Howard Schultz urged other CEOs to stop donating to U.S. political campaigns to encourage leaders to solve the...

SEC Reviewing S&P's Math On Downgrade

Bloomberg News | Posted 10.15.2011 | Canada Business

The Securities and Exchange Commission is scrutinizing the method Standard & Poor’s used to cut the U.S.’s credit rating and whether the firm prop...

World Bank Head: Global Markets In 'Danger Zone'

BBC News | Posted 10.15.2011 | Canada Business

World markets have entered a "new danger zone", the president of the World Bank has warned. Robert Zoellick said investors had lost confidence in the ...

Why Is U.S. Debt More Valuable After The S&P Downgrade?

Salon.com | Posted 10.11.2011 | Canada Business

Despite the hysteria that the downgrade of US debt would lead to US funding costs rising and Treasuries crashing, instead we've had stocks crashing an...

Down To Earth

CP | Posted 10.10.2011 | Canada Business

TORONTO - The Canadian dollar was lower Wednesday as traders reckon that a commitment by the U.S. Federal Reserve to keep interest rates ultra-low for...

Michael Moore: Arrest Head Of Standard & Poor's

Financial Post | Posted 10.10.2011 | Canada Business

Add Michael Moore to the list of critics railing against Standard & Poor’s cut to America’s credit rating. Only the fiery social commentator and f...

No Respite: World Markets Tank Again Tuesday

The Globe and Mail | Posted 10.09.2011 | Canada Business

Global markets were in freefall for the 10th straight trading day Tuesday, as Asian and European commodity indices plunged on inflation and debt conce...

Canada May Run 'On Minimal People Power'

CP | Posted 10.09.2011 | Canada Business

TORONTO - Canadians could see a rise in unemployment as businesses scale back growth plans if the United States heads back into recession, analysts sa...

Harper Disagrees With U.S. Downgrade: Report

CP | Posted 10.08.2011 | Canada Business

BRASILIA, Brazil - The president of Brazil says she and Prime Minister Stephen Harper don't agree with Standard & Poor's decision to downgrade the cre...

Oil Sputters: Down $30 Per Barrel In 3 Months

CP | Posted 10.08.2011 | Canada Business

NEW YORK, N.Y. - Oil prices fell over $3 to near US$83 a barrel Monday after Standard & Poor's downgraded the U.S.'s credit rating — a blow to confi...

Gold Hits New Record As Investors Flee Stocks

CP | Posted 10.08.2011 | Canada Business

NEW YORK, N.Y. - The price of gold is streaking past $1,700 an ounce for the first time. Investors, beset by worries about the U.S. debt downgrade,...

Flaherty: Market Meltdown Will Be Averted

CP | Posted 10.08.2011 | Canada Business

OTTAWA - North American markets are likely to face more selling pressure today following a downgrade in the United States' credit rating and a worseni...

Meet The Canadian Who Downgraded America

Financial Post | Posted 10.07.2011 | Canada

The primary analyst on Standard & Poor’s cut to the U.S. credit rating is a Canadian. Nikola Swann, based in S&P’s offices in Toronto, was one of ...

S&P Defends Downgrade

CP | Posted 10.06.2011 | Canada Business

WASHINGTON - Standard & Poor's says it downgraded the U.S. government's credit rating because it believes the U.S. will keep having problems getting i...

Global Turmoil Could Affect Canada, Flaherty Says

CP | Posted 10.06.2011 | Canada Business

OTTAWA - Finance Minister Jim Flaherty says the recent stock market turmoil may cause some turbulence for the Canadian economy. But Flaherty says C...