Downturn has forced change in spending and investing habits
Temporary reciprocal currency arrangements between the Fed and other central banks also extended
Volume of private capital flows is likely to fall sharply
Risks to global financial system instability have intensified in recent months, the International Monetary Fund says, and it worries that many banks may not have enough capital to weather the economic downturn.“In spite of extensive policies, the global financial system remains under intense stress,” the IMF notes in the latest edition of its global financial […]
Any delays in fiscal stimulus likely to worsen growth prospects
Budget measures include new facility to purchase asset-backed securities underpinned by vehicle and equipment loans and leases
Also necessary to keep federal Tories in power
Conditions are better in Canada, but domestic financial institutions still face possible asset losses
Industry must move to increase transparency
Bank of Canada called on to boost transparency on its decision-making procedures
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