U.S. Bank Bail-Out Deal Finalized
Representatives from Republican and Democrat camps confirm a deal has been reached and is expected to be passed into law within a few days.
Loonie Soars as Bail-Out Plan Confirmed
The Canadian Dollar received a lift today as Congress indicated it will approve the controversial bank rescue plan. Many observers note that the additional $700 billion this will add to the rapidly growing U.S. debt load may weaken the greenback but should help stabilize markets.
Russia to Seek Greater Control Over Oil Prices
Russian Energy Minister Sergei Shmatko plans to bring up a list of reforms with OPEC members designed to give the world’s largest oil producer more say in how crude oil prices are set.
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