Ottawa Business Journal - Canada - World   

Investors punish RIM

Investors punished Research In Motion on Friday, wiping out $3 billion of the company's stock value, after the BlackBerry maker reported lower device sales, weaker profits and revenues and analysts questioned its relevance with consumers.

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  • Canadian banks pare forecasts back

    13 Septembre 2011 - 8 h 15

    Canadian forecasts are dramatically paring back expectations for the economy and jobs in the face of growing uncertainty about whether the global financial system is headed toward a new crisis.

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  • TSX headed lower on European debt fears

    13 Septembre 2011 - 7 h 59

    The Toronto stock market was poised for a slightly lower open Tuesday as commodity prices rose but investors fretted about a Greek debt default despite indications that Athens was making progress in meeting the demands of creditors.

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  • Obama urges swift passage of jobs bill

    12 Septembre 2011 - 12 h 24

    U.S. President Barack Obama bluntly challenged Congress Monday to act immediately on his new jobs plan, brandishing a copy of the legislation at the White House and demanding: "No games, no politics, no delays."

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  • Canada's growth will slow to 2.4%: RBC

    12 Septembre 2011 - 10 h 16

    Canada's economic growth will slow to 2.4 per cent this year, RBC Economics said Monday, marking a 0.8 percentage point downgrade from its June forecast.

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  • India overtakes Canada in space competitiveness: report

    12 Septembre 2011 - 8 h 15

    Experts are worried about a report that shows India has moved ahead of Canada in space competitiveness and that Canada is also losing ground to other big players in space.

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  • TSX set to follow world indices lower

    12 Septembre 2011 - 8 h 00

    The Toronto stock market was poised to follow world markets lower amid weaker commodity prices and fresh anxiety over a potential Greek default on its loans.

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  • Obama unveils plans for reviving US economy

    9 Septembre 2011 - 8 h 00

    Barack Obama, looking to jolt both the U.S. economy and his presidency, proposed a $447 billion plan for creating jobs in a high-profile, nationally televised speech before Congress late Thursday.

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  • Job worries to soften TSX

    9 Septembre 2011 - 8 h 00

    North American stock markets were poised for a lower open as investors took in weaker than expected Canadian jobs figures and appeared unmoved by economic speeches from the U.S. President and Federal Reserve Chairman.

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  • UPDATE: Commission extends Sino Forest trade halt

    8 Septembre 2011 - 13 h 27

    Shares in troubled Chinese timber company Sino-Forest (TSX:TRE) will not be traded until at least January, as Ontario's securities regulator extended a ban to allow it more time to finish an investigation into alleged fraud at the company.

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  • Canada out of top 10 in global competitiveness ranking

    8 Septembre 2011 - 8 h 07

    Canada has slipped out of the Top 10 in global competitiveness, dropping two spots to 12th place behind the United Kingdom and Hong Kong, according to an annual report released by the World Economic Forum.

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