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Canada's Prime Minister Stephen Harper speaks to the media in Toronto in this December 20, 2008 file photo. REUTERS/Mark Blinch

Economy may need years of stimulus

By Randall Palmer OTTAWA (Reuters) - The extraordinary economic turmoil facing Canada and the world may require up to five years of "big, comprehensive" stimulus and other measures, Prime Minister S… more
Canada's Prime Minister Stephen Harper speaks to the media in Toronto in this December 20, 2008 file photo. REUTERS/Mark Blinch

Harper vows big budget actions over 3-5 years

OTTAWA (Reuters) - Prime Minister Stephen Harper promised on Friday to take bold budget action over a span of three to five years to rescue the Canadian economy, and he called the latest North Americ… more
Construction is shown near the CN Tower in Toronto in this May 1, 2008 file photo. Canadian employers cut more jobs in December than expected for a net job loss of 34,400, with the construction sector posting the biggest declines, Statistics Canada said on Friday. REUTERS/ Mike Cassese

Canadian economy sheds more jobs in December

By Louise Egan OTTAWA (Reuters) - Canada's jobless rate jumped to a two-year high in December and the housing market began to crumble, reports showed on Friday, adding to growing evidence the econom… more

Biovail reaches settlement with Canada regulator

TORONTO (Reuters) - Biovail Corp said on Friday it has reached a settlement with the Ontario Securitie… more

Ottawa defers first batch of auto aid to mid-January

OTTAWA (Reuters) - Ottawa has agreed to a request by the Canadian arms of General Motors Corp and Chrysler LLC to defer… more

Biovail reaches settlement with OSC

TORONTO (Reuters) - Biovail Corp said on Friday that it has reached a settlement with the Ontario Secu… more

Oil falls 2 percent on U.S. unemployment data

By Edward McAllister NEW YORK (Reuters) - Oil prices fell 2 percent on Friday after data showing a big rise in U.S. un… more

Ottawa defers first batch of auto aid to mid-Jan

OTTAWA (Reuters) - Ottawa has agreed to a request by the Canadian arms of General Motors Corp and Chrysler LLC to defer… more

TSX drops sharply as oil prices skid

By Frank Pingue TORONTO (Reuters) - Toronto's main stock index was down at midmorning on Friday as oil prices dropped … more

Oil down nearly 3 percent on U.S. unemployment data

By Edward McAllister NEW YORK (Reuters) - Oil prices fell nearly 3 percent on Friday as data showing a big rise in U.S… more
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