ECONOMY & MARKETS

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TSX plunges to July low on U.S. debt deadlock

Toronto's main stock index plunged more than 2 percent on Wednesday to its lowest point this month as weak U.S. data and a looming deadline for raising the U.S. debt ceiling sent investors searching for safety.
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U.S. Federal Reserve Chairman Ben Bernanke

If U.S. Government Defaults, What Will the Fed Do?

Assuming President Barack Obama and Congressional Republicans can not resolve the debt deal dispute in eight days, the unfathomable will happen -- a default by the U.S. Government. But that begs the question: what will the U.S. Federal Reserve do, if the U.S. Government defaults?
Mine workers emerge from the pithead at the Harmony Gold mine in Carletonville, west of Johannesburg,

South African strikes to spread to gold sector

South African gold miners will this week join thousands of workers seeking pay rises in widening nationwide strikes, threatening to hurt exports from Africa's largest economy at a time when bullion is at record highs.
Larger Retirement Funds

Assuming a U.S. Default, Where Should You Put Your Money?

For most Americans, talk of a U.S. Government default is a little complex. What the American people really want to know is, assuming the U.S.Government defaults, where should one consider putting a portion of their money? Glad you asked.
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TSX may open lower on U.S. debt concerns

Toronto's main stock index looked set to open lower on Monday, hurt by news of major job cuts at Research In Motion Ltd (RIM.TO: Quote) and an impasse in U.S. debt ceiling talks that fueled worries of a U.S. default.
A protester waves a Greek flag during a rally against austerity economic measures and corruption in Athens

Moody's warns Greek default almost certain

Moody's cut Greece's credit rating further into junk territory on Monday and said it was almost certain to slap a default tag on its debt as a result of a new EU rescue package.
Factory in Japan

Elusive Rebound Better Come Soon

American consumers, faced with grim job prospects and the looming threat of a national debt default, are in no position to support the global economy with a new wave of spending.

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