Ross Marowits, THE CANADIAN PRESS
November 24, 2008
MONTREAL - Debt is a four-letter word no longer spoken just by Canada’s younger set.
Faced with rising costs and dramatic decreases in the value of their investment portfolios, many seniors on fixed incomes are racking up debt as they struggle to make ends meet, some industry experts say.
“Seniors [...]

Canada drops deficit taboo, looks to stimulus
By Randall Palmer
OTTAWA, Nov 25 (Reuters) - With astonishing swiftness, Canada’s decade-long taboo on running a federal deficit has been replaced by a debate on how fast billions of dollars can be shoveled out the door to rescue the economy.
Alone in the Group of Seven leading industrialized nations, Canada [...]

Strong retail sales won’t prevent recession: OECD
Eric Beauchesne , Canwest News Service
Published: Tuesday, November 25, 2008
OTTAWA - Canadian consumers went on an unexpected shopping spree in September, just prior to the economy sliding into what a major international think-tank is projecting was the start of a prolonged recession that will linger right through to [...]

Rick Soparlo, For the Leader-Post
Published: Tuesday, November 25, 2008
One of the main reasons many consider registering a particular asset in joint ownership is to reduce or eliminate probate fees.
For those of you unsure what probate refers to, probate is the process that one must go through to validate the will of a deceased person.
This process [...]

President-elect Barack Obama vowed on Tuesday to cut waste in a federal budget that “bleeds billions,” to help offset the costs of the huge stimulus package his team is planning.
If we are going to make the investments we need, we also have to be willing to shed the spending that we don’t need,” he said.
The [...]

LORI MCLEODREAL ESTATE REPORTER
Globe and Mail Update
November 25, 2008 at 11:35 AM EST
Commercial real estate vacancies are expected to rise and rental rates to edge lower in 2009, according to an outlook released Tuesday by Cushman & Wakefield LePage.
The report looked at four key components of the commercial real estate sector – office, industrial, [...]

JEANNINE AVERSA AND MARTIN CRUTSINGER
The Associated Press
November 25, 2008 at 10:04 AM EST
WASHINGTON — The U.S. government introduced a pair of new programs Tuesday that will provide $800-billion (U.S.) to help unfreeze the market for consumer debt and to make mortgage loans cheaper and more available.
The new programs from the Federal Reserve and Treasury [...]

IEVA AUGSTUMS
The Associated Press
November 25, 2008 at 12:50 PM EST
CHARLOTTE, N.C. — American International Group Inc. said Tuesday it is limiting how much it pays its top executives, including granting a $1 (U.S.) salary for this year and the same for 2009 to chief executive Edward Liddy.
The decision is one of many broader [...]

HEATHER SCOFFIELD
Globe and Mail Update
November 25, 2008 at 8:56 AM EST
Retail sales climbed a strong 1.1 per cent in September, the largest jump in eight months, driven by new car sales, Statistics Canada says.
Excluding the auto sector, retail sales rose 0.8 per cent, far outpacing economists’ expectations.
Economists had expected total retail sales to climb [...]

The Canadian Press
November 25, 2008 at 2:35 PM EST
LONDON, Ont. — Canada should pull itself out of the global economic downturn by investing in public works, says David Dodge, the former governor of the Bank of Canada.
Speaking to business students at the University of Western Ontario on Tuesday, Mr. Dodge drew an analogy to the [...]