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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





Today's Market

S&P TSX 12389.42 -108.52
S&P CDNX 1653.55 -11.27
DJIA 12801.23 -89.23
Nasdaq 2903.88 -23.35
S&P 500 1342.64 -9.31
Gold 1717.20 -21.80
Lumber 269.50 -2.00
Oil 97.90 -1.94
Natural Gas 2.678 +0.073
CDN Dollar 0.9983 N/A

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Okanagan Companies

Sun Rype 6.00 -0.39
Candorado 0.035 0.00
Pacific Safety 0.025 -0.005
Knighthawk 0.15 0.00
QHR Technologies Inc 0.62 0.00
Cantex 0.045 +0.01
Anavex Life Sciences 1.75 +0.01
Paragon Pharmacies 0.18 0.00
Metalex Ventures 0.50 0.00
Russel Metals 25.83 -0.17
Copper Mountain Mining 5.07 -0.06
Colorado Resources 0.435 +0.035

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