Economic Indicators

Will Iceland get loonie?

Three years ago, Iceland suffered a catastrophic banking collapse. Over a few days in October 2008, all three of its major banks fell, turning the country of 319,000 people into the first casualty of the financial crisis. By some measures, it was the largest financial system failure ever experienced by a single nation.

By Joe Castaldo, Canadian Business |November 11, 2011

11 min read

What’s inside Italy’s reform bill?

Italy's Senate has approved economic reforms demanded by the European Union, paving the way for Premier Silvio Berlusconi to resign as early as this weekend and a new government to be formed.

By Wire services |November 11, 2011

2 min read

Eurozone headed for a split

The eurozone's days are numbered and it's a matter of time before the common currency falls apart. The latest escalation in the eurozone debt crisis is seen by industry experts as the beginning of the end.

By Vikram Barhat |November 11, 2011

3 min read

Rate hikes may mean half million foreclosures

Over 600,000 Canadians will struggle to make their mortgage payments if their rates rise by just 1%, according to the seventh Annual State of the Residential Mortgage Market report by the Canadian Association of Accredited Mortgage Professionals (CAAMP).

By Staff |November 9, 2011

3 min read