Canada Mortgage News

Bank of Canada Receives No Bids for Non-Mortgage Debt Facility (Bloomberg)
Dec. 29 (Bloomberg) -- The Bank of Canada received no bids for a second straight auction after it offered investors loans in an effort to restore normal trading in credit markets.

Top CEOs earn average yearly salary in just 12 hours (CTV.ca)
As many Canadians ponder what further economic storms await, Canada's top corporate executives can take some comfort in knowing they have already earned as much as the average worker will earn in all of 2009.

Top CEOs need just 12 hours to earn average Canadian annual salary (MSN Money Canada)
TORONTO - As many Canadians nurse their post-New Year's Eve hangovers and ponder what further economic storms await, Canada's top corporate executives can take some comfort in knowing they have already earned as much as the average worker will earn in all of 2009.

Top CEOs in country need just 12 hours to earn average Canadian annual salary (The Sault Star)
As many Canadians nurse their post- New Year's Eve hangovers and ponder what further economic storms await, Canada's top corporate executives can take some comfort [...]

Top 100 CEOs raked in average of $10M in '07 (London Free Press)
As many Canadians nurse their New Year's hangovers and ponder further economic storms, Canada's top corporate executives can take some comfort in knowing they have already earned as much as the average worker will earn in all of 2009.

Canada Stocks Rally, Paring 2008 Decline, on Gold; RIM Gains (Bloomberg)
Dec. 31 (Bloomberg) -- Canadian stocks gained a third day, paring the market’s worst annual drop since 1931 as computer companies, commodity shares and banks rose on speculation lower interest rates and economic aid will shore up consumer demand.

Canada Stocks Rally, Paring 2008 Decline, as Gold, Oil Advance (Bloomberg)
Dec. 31 (Bloomberg) -- Canadian stocks rose a third day, paring the market’s biggest annual drop since 1931, as banks and commodity producers gained on speculation interest rate cuts and economic aid will shore up consumer demand.

Top CEOs need just 12 hours to earn average Canadian annual salary (Canadian Business)
TORONTO - As many Canadians nurse their post-New Year's Eve hangovers and ponder what further economic storms await, Canada's top corporate

Euro Falls to Two-Week Low as European Manufacturing Shrinks (Bloomberg)
Jan. 2 (Bloomberg) -- The euro fell to a two-week low against the dollar and declined versus the yen after a European manufacturing report indicated the recession is deepening in the 16-nation region.