China recalls, recalls, and recalls. I’m sure it’s not the first time you heard the words “China” and “recall” together (well by now, at least four times). China is being faced with immense pressure on the safety of its export products. The recent recall of Fisher-Price toys (Dora, Diego, and Sesame Street characters) was […]
Among all the other things we blame China for (no offense), we have another to add to the list: the rising cost of milk. Why? Because of the growing appetite for for dairy foods in Asia, mainly China. Other factors, are rising costs for animal feed, shrinking European production and long-standing drought in Australia and […]
So what is this credit crunch we keep hearing on the news, what does it mean, and why are investors panicking over it? Simply put, it’s when money becomes hard to borrow. There are few signs of a “credit crunch” in today’s economy - if your an individual with no means of support, sure […]
Quebecers may be soon be face a 20-cent tax on on plastic bags at grocery and other stores. Montreal environmental activist Jacques Lalonde recommended the idea to Montreal Environment Minister, Line Beauchamp. Beauchamp reportedly said she was seriously considering the idea.
Lalonde said Quebecers use about 1.5 billion plastic bags a year, and most of them […]
The Bank of Canada intervened a bit more than usual today in an attempt to help investors suffering from the high turbulence in both Canadian and American stock markets. Canada’s central bank took the rare step of publicly reassuring investors that it will help provide stability to financial markets and the domestic financial system - […]
President George W. Bush, with his very reassuring (or not) tone, today said he believe the recent turbulence on Wall Street will soon be over, and we will reach a “soft landing”. Maybe he was talking about war planes in Iraq, Katrina rescue planes, or social security? I don’t think he even knows himself. Sorry […]
Chrysler’s new owner, Cereberus Capital Management named Robert Nardelli (yes, Bob Nardelli) as the company’s new CEO. For those of you found the name familiar, yes it is the same Nardelli who in January was pushed out of Home Depot amid shareholder outrage over his $210-million pay. So when you see his name again as […]
Wal-mart Stores Inc. and India’s Bharti Enterprises signed a deal yesterday to jointly build wholesale outlets that will buy goods from farmers and small manufacturers and sell them to retailers through a nation-wide supply chain. This may be lead to the American company (Wal-Mart) in eventually gaining a foothold in India’s massive, booming, but well-protected […]
The U.S. housing sector slumps, fewer job growth, stagnant wages, negative savings, high debt, high interest rates, high energy prices — relax, don’t run for the exits just yet. All this only leads to a possibility of an economic recession, as you have probably already heard from your respective media sources. The problem is a […]
I am guessing you are looking forward for an answer in this post. I’m sorry, but you won’t find one. Unfortunately, I myself am looking for an answer… I am frustrated at the fact that we are currently paying too much for imported goods. The recent surge of the Canadian dollar should reflect on the […]