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Canada to stay course on stimulus
Canada’s minority Conservative government will put off moves to restore a balanced budget until economic recovery has taken firm hold, Jim Flaherty, finance minister, said
GM to begin repaying government loans
General Motors reported a further loss in its first quarter since leaving bankruptcy, but said it would begin repaying its bail-out loans to the US and Canadian governments next month
Obama rules out Copenhagen treaty
Barack Obama conceded that December’s Copenhagen summit would not produce a legally binding agreement to tackle global warming, in a move that prompted groans of disappointment from environmental groups
Transcript: George Soros interview
Interview with fund manager on the state of the global economy, relations between the US and China, his investment performance and regulating bankers’ compensation
Bank of Canada renews pledge to hold rates
The bank reiterates that it will not raise interest rates before mid-2010, saying that subdued exports due to the surging currency will more than offset a recent recovery in domestic demand
Voyage of discovery in the Northwest Passage
A research scientist at Canada’s Institute of Ocean Sciences says there was more sea ice in the Arctic this summer than in the past two years, contrary to the longer-term trend of melting sea ice
