10 Second Headlines

Oct. 14, 2011

Awakening of a Giant? – Stefane Marion, National Bank Financial China currently has more than $3 trillion in foreign reserves. If they are serious about letting their currency float in the next 5 years,… Read More

Oct. 7, 2011

Oil from Canadian Oil Sands is ‘dirtier’ than Conventional Oil – Guardian News and Media Limited Europe has all but banned oil from the oil sands and has cast doubt on the importation of… Read More


National Bank Financial Chief Economist, Stefane Marion Stefane Marion was in Alberta this week. The following are the highlights of his speech. If you would like a copy of the full speech, please email… Read More


Europe Finance chiefs from the G20 pledged a “strong and co-ordinated international response” to the challenges facing the global economy. European Central Bank could cut rates at their next meeting on October 6th. EU… Read More


Banks & Interest Rates The US Federal Reserve, Bank of England, Bank of Japan, European Central Bank and Swiss National Bank have agreed to a three month, fixed rate, US dollar liquidity injection in… Read More


President Obama Address to Congress September 8, 2011 $447 billion jobs plan. 60% from tax cuts and 40% spending – all to be ‘paid for’ and not added to deficit. Tax cuts are for… Read More


White House Downgrades Economic Outlook in Mid-Year Review GDP growth for 2011 expected at 1.7%, revised down from 2.7%, and 2012 at 2.6% vs 3.6%. Budget deficit is expected to decline to 6.1% of… Read More


Bernanke sends a wake-up call to Congress + Fed Chair stated clearly that he will remain sensitive to further deterioration in the economic outlook and that the Fed is prepared to employ more measures… Read More


Canadian Banks – Foreign Exposure + As of December 31, 2010 only about 6% of the system total assets are related to Europe. + Any losses accruing to Canada’s banks from the debt work-outs… Read More


NBF Report on Global Water Crisis – China & India For a copy of this report, please contact us at james_angus.watt@nbf.ca + “Unlike poverty, this is not a problem China and India can simply… Read More