Archive for July, 2007

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Will Facebook survive?

There has been a huge spotlight on the net’s fastest growing social utility, Facebook. 23-year-old Mark Zuckerberg initially made Facebook available to people only in Harvard - where he went to college. It was then introduced to all colleges, high schools, some comanies, and now everyone. Today there are 150,000 people signing up daily, growing […]

Toronto threatened with two new taxes

The country’s largest city, Toronto, has always been known as the economic capital of the country. Today this view is arguably incorrect. The city has been shedding jobs in the manufacturing sector for the past five years. The average unemployment rate for this period has been 8.1 percent. For the first time in history, the […]

Gasoline prices below a dollar

Gasoline prices at the pumps dipped as much as 10 cents across the country today (I’m sure you’ve all noticed) as a result of wholesale prices declining. The decline was due to speculative talks of increasing North American gasoline inventories, along with increased capacity at refineries. Importing gasoline from American refineries was also cheaper because […]

Canadian dollar rises with oil price

The Canadian loonie surged to a 30-year high today as the price of crude oil traded at an 11-month high. The dollar hit 96 cents versus the US Dollar.