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1:21:16 am MDT AM
Sunday August 1 2010
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CBC | Money News

CBC.ca
  • Black 'enlightened' by prison time
    Conrad Black has slammed the U.S. justice system as he reflected publicly on the 28 months he spent in a federal prison.

  • Canadian economy expands 0.1% in May
    Canada's gross domestic product expanded by 0.1 per cent in May as goods-producing industries helped offset a decline in the service sector.

  • China passes Japan as world's No. 2 economy
    China has overtaken Japan to become the second-largest economy in the world, a senior Chinese official says.

  • WTF? Goldman bans email profanity
    Goldman Sachs workers are likely wondering WTF is appropriate anymore after the New York investment bank informed employees that profanity is no longer acceptable in electronic messages.

  • CREA lowers housing forecast again
    The number of resale homes sold in Canada is forecast to hit 459,600 in 2010, a 1.2 per cent decline from last year's level.

  • Chrysler adds Detroit jobs before Obama visit
    Chrysler says it will add nearly 900 jobs early next year at a factory in suburban Detroit that makes midsized cars.

  • Apple's iPhone 4 leads to long line-ups
    Shoppers in Canada are lining up to buy Apple's iPhone 4, which went on sale Friday.

  • Alberta leads in average earnings
    Alberta continued to have the country's highest average weekly earnings among the provinces in May, despite a dip from the month earlier, Statistics Canada reported Friday.

  • U.S. economy growing at 2.4% pace
    The United States economy expanded at a 2.4 per cent annual pace during the second quarter, a slowdown from the 3.7 per cent expansionary pace it had during the first three months of 2010.

  • Tuna season stays closed until October
    Tuna fishermen on P.E.I. have decided to forgo a summer fishery altogether and open the season on Oct. 4.

  • Google shares fall on China blocking report
    Google shares fell 1.4 per cent in after-hours trading Thursday after the company said people in mainland China are being blocked from using its internet search engine.

  • Budget deficit could be gone a year early
    The federal government should be able to eliminate the annual budget deficit by 2015, a year ahead of schedule, the Conference Board of Canada says.

  • Telecom took in $41B in 2009
    Canada's communications industry took in $55.4 billion in revenue in 2009, the CRTC said Thursday, a 2.1 per cent increase from the previous year's level.

  • U.S. central banker raises spectre of deflation
    An official with the U.S. central bank warned Thursday it should be ready to revive a program from the financial crisis if the world's biggest economy appears headed for deflation.

  • Toyota recalls Avalon and Lexus models
    Owners of Toyota Avalons and Lexus LX 470s may be getting a recall notice soon as the carmaker moves to fix a steering problem.

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