Business News

US Economic Pain

by Castanet Staff - Story: 33661
Sep 15, 2007 / 11:00 am

Retail sales and industrial output both slowed in the US last month, as the economy felt the strain from the housing slump and credit squeeze.BBC

The average price of a resale home in Canada's major markets fell in August for the second month in a row amid slower sales, new figures show.CBC News

Premier Rodney MacDonald delighted the film making community in Nova Scotia Thursday by announcing a boost to film tax credits.CBC Money

Bank of Canada Governor David Dodge says he should have driven up interest rates “harder” before the current global credit squeeze to tighten borrowing conditions, according to an interview published in The Economist magazine.Report On Business

Backed into a corner by a surging Canadian dollar, Montreal-based lumber producer Tembec Inc. said Friday it has temporarily stopped selling lumber on the spot market and would reassess conditions next week.Report On Business

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