The Year Ahead: Theo Caldwell, Caldwell Asset Management - the bottoms seen by industry in 2008 will work to their benefit in 2009, with bailouts in action and increased change for the auto industry.
Just as the United States backs away from buying further mortgages, Canada is heading the opposite direction. The move, announced by Flaherty, does not change the opinion of economists that Canada is well situated for the economic storm.
Corss-border shoppers may not like the drop in the loonie, but the lower value means the manufacturing industry, especially in Ontario, can once again pick up.
Theo Caldwell interviewed on ListenUpTV: It’s been hailed as the biggest economic crisis to be experienced since the Great Depression of the 1920’s and 30s; the shocking collapse of U.S. financial markets.
U.S. President Bush spoke following a meeting between Washington and G7 finance ministers. Theo Caldwell told CTV Newsnet on Saturday that he would not be surprised if the meeting brought confidence to investors and the markets picked up in the next couple of days.
Plain talk and politics: How strong is the desire to have "regular folks" lead us? And is a disdain for knowledge and experience good for our democracy?
The $700-billion bailout plan has passed into U.S. law but the economic rollercoaster is far from over on both sides of the border. The financial situation is dominating the election campaign and each party is insisting their plan is the safest for Canadians.