TheStar.com | Business | Personal bailout: Homes no longer a shelter? – Toronto Star
A veteran bankruptcy trustee says homes are starting to become part of the problem for consumers with runaway debt. The situation is not as bad as in the early 1990s recession

Canada’s banks beat expectations, but bad loans rise – Reuters Canada
TORONTO (Reuters) – Three of Canada’s largest banks reported stronger-than-expected results on Thursday even as they set aside more money to cover bad loans and detailed a raft of

Unemployment Fund Gets Boost – WCAX
Vermont’s unemployment insurance program got a big shot in the arm Thursday. The U.S. Labor Department awarded the state 4.6 million dollars in additional stimulus funding. The

National Bank reports 46 per cent spike in second-quarter profit – Canada East
MONTREAL – National Bank (TSX:NA) expects the recession will slow its loans growth and result in an uptick in loan losses in coming quarters, Canada’s sixth-largest bank said

Signs show recession is easing, but threats loom in United States – 680 News
WASHINGTON – The U.S. economy is sending a message of hope laced with caution: That the recession is steadily easing, but new threats could delay any recovery. One piece of

EU ministers to meet on Opel on Friday – Globe and Mail
T he European Commission called a meeting of European trade and economy ministers for Friday to discuss the future of carmaker Opel and its plants in Europe, a spokesman said

Home is where the start is – Kingston Whig
As Kingston’s services for the homeless become strained, the United Way has decided a new tack is necessary to deal with the issue. A Place First: A Community Plan on Housing and

World jobless numbers could rise by 50 million this year: UN – Canada East
GENEVA – The UN labour agency says the ranks of the unemployed could swell by 50.4 million worldwide this year because of the economic downturn. The forecast is far more than the

TD Bank profit down on hedging charges – Reuters Canada
TORONTO (Reuters) – Toronto-Dominion Bank (TD.TO: Quote ) said on Thursday profit fell in the second quarter as it took restructuring and hedging charges. Canada’s second-largest