The number of laid-off workers receiving unemployment benefits has jumped to an all-time high near 5 million while new jobless claims remain well above 600,000. Both figures were worse than expected and new projections from... [full story]

Home building is expected to scale back considerably in Canada this year, with housing starts falling 24 per cent in 2009, followed by a barely discernible increase in 2010, Canada's federal housing agency says in a newly... [full story]

Paul Volcker, the former U.S. Federal Reserve Board chairman who is now a member of President Barack Obama's advisory team on the economy, spoke in Toronto recently as part of the Grano Speakers series. His topic, of course,... [full story]

The Dow Jones industrial average slumped to a more than 6-year low Thursday, as fears of a prolonged recession sent stock investors heading for the exits. Treasury prices slid, boosting the corresponding yields, as investors... [full story]

Energy-rich Alberta has slipped into a recession and the province is projecting 15,000 lost jobs this year. Plunging oil prices have taken a huge bite out of revenues and Alberta is now expecting a deficit of more than $1-billion... [full story]

The gold sector could see a flurry of takeover activity in the coming months, according to Genuity Capital Markets analysts Tony Lesiak, Christine Healy and Michael Gray. With that backdrop, they have broken down a number... [full story]

The U.S. Federal Reserve cut its 2009 economic forecast sharply and discussed setting a target for inflation at its previous meeting as a deepening recession heightened fears of a dangerous decline in prices. With employment... [full story]

Credit-card defaults may rise beyond 10 percent this year, breaking records and wiping out more than half of annual profit for lenders including Bank of America Corp. and JPMorgan Chase & Co., analysts said. Loan failures... [full story]

Back in February 2006, LEAP/E2020 estimated that the global systemic crisis would unfold in 4 main structural phases: trigger, acceleration, impact and decanting phases. This process enabled us to properly anticipate events... [full story]

General Motors and Chrysler LLC asked the government Tuesday for $21.6 billion in additional loans, but the final cost of a bailout of the auto industry could be significantly higher. The two struggling auto giants have... [full story]