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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
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
A Canadian flag flies from the window of a General Motors vehicle at a car dealership in Toronto December 12, 2008. Ottawa has agreed to a request by the Canadian arms of General Motors Corp <GM.N> and Chrysler LLC to defer their first emergency loans until mid-January, a government official said on Friday. REUTERS/Mike Cassese

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 their first emergency loans until mid-January, a government official said on Fr… 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

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 … more

Flaherty sees "substantial" deficit

By John McCrank WHITBY, Ontario (Reuters) - Canada will run a "substantial" budget deficit in the next fiscal year as … more

Deep Canadian oil-price discounts expected to ease

By Jeffrey Jones CALGARY, Alberta (Reuters) - Canadian oil production has been getting hit with deep discounts, even w… more

Canada's Globe and Mail plans job cuts: union

TORONTO (Reuters) - Canada's Globe and Mail national daily newspaper has notified a union representing many of its empl… more

Harper says job losses troubling

TORONTO (Reuters) - Prime Minister Stephen Harper said on Friday that Canadian job losses in December were troubling, b… more

Canada house starts edge lower in December

TORONTO (Reuters) - Canadian housing starts fell 0.4 percent in December to a seasonally adjusted rate of 177,300 units… more
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