Today's economy

Today’s economy media pack – 2009.12.04

By Kevin Press, BrighterLife.ca

Comments (2)

Canada’s own Black Friday, holiday shopping tips and the decade’s best money movies.

  • CBC. Canadian retailers try their own Black Friday. “Some Canadian retail chains are planning big price cuts this weekend in an effort to keep customers from crossing the U.S. border to take advantage of Black Friday bargains.”
  • National Post. Housing sales across Canada are set to reach new highs. “November housing sales across the country are set to reach new highs based on fresh data from the country’s two most expensive markets.”
  • National Post. Canada crawls out of recession in third quarter. “Canada’s economic recession officially ended in the third quarter of this year, but with a weaker-than-expected increase.”
  • The Globe and Mail. Why 4th-quarter outlook is brighter. “The Canadian economy is creeping out of recession, with September’s growth spurt boding well for fourth quarter activity.”
  • Bloomberg. Canada says 97% of government stimulus is committed. “Canada’s federal government said almost all of its C$62 billion ($59 billion) fiscal stimulus package has been committed and told provinces they must allocate the rest of the money by January or it will be withdrawn.”
  • Canadian Financial DIY. Putting financial education on the right track. “IndependentInvestor.info’s superb review (dare I say definitive critique) of the failings of current investor education programs leaves one quite depressed.”
  • Squawkfox. 12 smart ways to save big on Christmas shopping. “Oh the weather outside is frightful, but your wallet can still be delightful. And since we’ve got gifts to give, let us find the ways to save!”
  • Moolanomy. Saving for the holidays – how not to go broke this year. “How can you avoid the debt-laden aftershock of the holidays?”
  • The Economist. The repercussions of Dubai. “The problems of Dubai were already well known—witness reports of empty buildings, falling property prices and suspended construction projects. But markets previously seem to have assumed that Dubai’s debts would always be covered by Abu Dhabi, its neighbour and the richest of the United Arab Emirates.”
  • The New York Times. Bernanke tells senators Fed “should have done more.” “Under fire from Democrats and Republicans alike, Ben S. Bernanke on Thursday defended his record as chairman of the Federal Reserve but conceded that the central bank’s lapses contributed to the financial crisis.”
  • Economics Help. Chinese economic bubble. “Remember the days when banks were willing to make loans with little checks on ability to repay?”
  • Canada.com. Plan sponsors worry about pensions: poll. “The swell of negative pension news continues.”
  • Canadian Capitalist. Past performance of gold bullion. “If you are interested in the past performance of gold bullion in Canadian dollars, you can find annual returns going back to 1970s in this spreadsheet on the Libra Investment Management website.”
  • WhereDoesAllMyMoneyGo.com. Pets and insurance. “People, on average, are more likely to go into debt to treat their children than they are to go into debt to treat their pets.”
  • ABCs of Investing. Growth investing – a short explanation. “Growth investing is a strategy by which an investor buys stocks that are forecast to grow at rates exceeding that of its peers or the overall stock market.”
  • The Financial Blogger. Neutral strategy trading. “As some of you may already know if you are readers of IntelligentSpeculator, I rarely buy a simple stock. I prefer to do pair trading and almost all of my trades this year have been just that.”
  • Infectious Greed. Niall Ferguson vs. Paul Krugman again. “It takes only a couple of paragraphs in his latest bit of opinioneering before historian Niall Ferguson goes after economist Paul Krugman again.”
  • Man vs. Debt. Top 10 money movies of the decade. “We’ve all heard of the classic money movies. Wall Street, Trading Places, Glengarry Glen Ross, Indecent Proposal, The Money Pit, Casino… the list can go on and on.”

And please follow me at twitter.com/todayseconomy.

Canadian Capitalist on

Thanks for the mention Kevin. Nice round-up of articles here.

Michael S on

With reference to The Globe and Mail article and the second National Post article, its great news that Canada experienced GDP growth in the third quarter and is now officially out of recession. Positive November job numbers were also announced by Statistics Canada on Friday indicating that the private sector is beginning to hire again. That being said, the debt problems in Dubai are horrifying and as highlighted in The Economist article could have repercussions for the global economy which is only just starting to show tepid signs of recovery. Lets hope that Canadian financial institutions have not been too heavily exposed to Dubai. There is concern in the UK about the exposure of some of its leading financial institutions.

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