CBC.ca News - Money

Central banks boost liquidity in bid to calm markets

Central banks boost liquidity in bid to calm markets: Central banks in North America and Europe injected billions of dollars into the markets to boost liquidity on Thursday, while jittery investors bailed out of stocks. more »

French bank freezes 3 funds amid U.S. mortgage market problems: A major French bank, BNP Paribas, announced Thursday that it was suspending three of its asset-backed securities funds, saying it could no longer value them accurately because of problems in the U.S. subprime mortgage market. more »
Housing market continues cooling trend: Higher prices and mortgage rates took their toll on the once red-hot Canadian housing market, CMHC reported Thursday, as housing starts in July fell for the second consecutive month. more »
Buick ties with Lexus atop dependability rankings: Buick tied with Lexus in a vehicle dependability study released Thursday, the first time in 12 years that the Japanese luxury brand had to share top honours. more »
Magna International tops estimates with blowout quarter: Auto-parts giant Magna International raised its 2007 revenue forecast Thursday after delivering a second-quarter profit that surged past analysts' expectations. more »
After big deals, Goldcorp profit dips almost out of sight: Vancouver-based Goldcorp Inc. saw its profit fall to almost nothing as it dealt with accounting issues in the second quarter of 2007. more »
Will Aeroplan buy Qantas' frequent flier program?: Aeroplan's CEO confirmed that Air Canada's loyalty marketing program may go shopping in the coming months, with one report saying the likely target is Down Under. more »
Quebec to help seek buyer for Domtar's Gatineau mill: The Quebec government will help another company to take over the soon-to-close Domtar mill in Gatineau, Que., if possible. more »
Campbell Soup looks to unload Godiva Chocolatier: Campbell Soup Co. says it may sell its Godiva Chocolatier business, suggesting that chocolate isn't wholesome enough for a company that makes SpaghettiOs, V8, goldfish crackers and condensed soup. more »
Spam puts Prime Time in focus: A penny-stock company traded in the United States is the target of a massive internet-based manipulation, the spam monitor Sophos Plc reports. more »