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1/29 - NBC 15 News on Demand: Evening Edition  Part of the attack was caught on tape, but the video does not show enough to nab the muggers.Commentread more...


Manufactured Home Show Begins Today  Beginning today and continuing running through Jan. 15, the Central Florida Super Home Show is being held at Tigertown in Lakeland. Show hours are 10 a.m. to 6 p.m. Admission


Increase in no down mortgages causing concern about housing market  An increase in the number of people be approved for mortgages with no down payment is causing more concern about California's housing market.Commentread more...


Washington Mutual replaces Killinger as chairman  Washington Mutual Corp., hard-hit by the mortgage and credit crises, said Monday it will replace chief executive Kerry Killinger as chairman of the board and take other steps to improve


Fire Victims Navigate Recovery Process   "What you want to do is just climb on the back of a Harley and go ride and live out of pup tent for the rest of your life. It's


2008 Mortgage Business to Decline 18 Pct (AP via Yahoo! Finance)   The nation's more than $2 trillion home mortgage business won't halt its current slide anytime soon, with mortgage originations expected to fall 18 percent next year and decline another

December 6th, 2007

Credit crisis jeopardizes Canadian economy, says Bank of Canada

“The probability of this scenario is low”

– A Bank of Canada report says an unexpected shock in the already jittery global financial markets would have a profound effect on Canada’s economy, possibly threatening the viability of some companies.

The central bank notes that while Canada has mostly weathered the continuing credit crunch crisis triggered by the U.S. subprime mortgage meltdown, it has not been immune. The risks of further damage to the economy remain real.

The conclusions are found in the bank’s semi-annual Financial System Review and help explain the bank governors’ decision Tuesday to cut interest rates in Canada by one-quarter of a percentage point. Read more



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