10 Second Headlines of the Week 04-Dec-2009
Alberta’s budget update (New prices for fiscal year)
- A one dollar change in the price of oil represents $143 million, and a 10 cent change in natural gas represents a $126 million.
- A one cent rise in exchange rates = $221 million loss to the treasury.
U.S. businesses with less than 50 employees cut another 68,000 workers in November.
- Small companies have collectively shed 2 million workers over the last 12 months of the 5.3 million in total that were lost this year.
- Small companies employ about half of America’s non-government workers and generate the majority of new jobs.
China warns of possible gold bubble.
- Vice-governor at the People’s Bank of China, said “We must watch out for bubbles forming on certain assets, and be careful in those areas.”
- Gold hit record highs at $1227.55 (U.S.) in Europe on Wednesday.
Chinese Manufacturing grew in November at the fastest pace in five years.
Bank earnings – All Solid.
- Exceeded expectations – CIBC, BMO
- Met expectations – Royal Bank, TD Bank, Canadian Western Bank, and National Bank.
Canadian employers added more than five times as many jobs as expected in November.
- Employment rose by 79,100 in November.
- The jobless rate fell to 8.5 percent from October’s 8.6 percent. (Click Here)