Beginning of Story Content The leaders of Germany and France, the eurozone’s two biggest economies, say they have reached agreement on strengthening Europe’s shaky banking sector. German Chancellor Angela Merkel said she and French President Nicolas Sarkozy “are determined to do the necessary to ensure the recapitalization of Europe’s banks.” Merkel spoke after talks with Sarkozy at Berlin’s chancellery Sunday aimed at forging an agreement ahead of a summit of the European Union’s 27 leaders later this month. Belgian Finance Minister Didier Reynders, left, and Prime Minister Yves Leterme address a joint news conference after a cabinet meeting this weekend in Brussels. The governments of France, Belgium and Luxembourg said Sunday they had approved a plan for the future of embattled Franco-Belgian bank Dexia. Francois Lenoir/ReutersThe German chancellor has insisted … Read entire article »

Beginning of Story Content Air Canada’s flight attendants have rejected a tentative deal reached between their union and java the airline and are poised to go on strike immediately after midnight Thursday morning. “We ask the federal developer government, in the strongest possible terms, to respect our right to collective bargaining and not intervene unilaterally in this dispute”, Jeff Taylor, president of the union branch for Air Canada flight attendants, said in a statement java developer Sunday night. The Canadian Union of Public Employees represents 6,500 flight attendants at the carrier. More to come Accessibility Links Air Canada union rejects deal, ready to strike … Read entire article »

Beginning of Story Content Activists are planning an occupation of Toronto’s financial district as well as other Canadian cities following in the footsteps of protesters currently camped out on Wall Street in New York City. A group calling itself Occupy Toronto Market Exchange has launched a java website to organize a march on Bay Street beginning Oct. 15. That’s a Saturday, when the stock exchange is closed and few people are working in Canada’s financial capital. About 830 people on Facebook have replied they would attend the event in Toronto. P.O.V.Do these kind developer of protests work? Occupations are also planned in the streets in other Canadian cities, including Vancouver, Montreal and Calgary. South of the border, protesters speaking out against corporate greed and other grievances remain in Manhattan’s financial … Read entire article »

Beginning of Story Content Germany kept alive hopes that the 17-nation euro currency can survive the sprawling debt crisis when lawmakers in Europe’s largest economy voted overwhelmingly on Thursday in favor of expanding the powers of the eurozone’s bailout fund. The vote strengthened Chancellor Angela Merkel’s center-right coalition, which had struggled to win support from a bloc of rebellious members, and could bolster her ability to negotiate new European crisis measures.German Chancellor Angela Merkel has said approving the beefed-up bailout fund was “of the very, very greatest significance.” (Tobias Schwarz/Reuters) While many investors and experts believe new steps will be required in Europe, such as letting Greece write off more of its debt pile, Germany’s approval of the fund’s new powers and scope was necessary to avoid a new bout … Read entire article »

Beginning of Story Content When supporters of the Keystone XL pipeline tout the benefits of TransCanada’s $7-billion plan to ship crude oil from Alberta to Texas, they have a long list. The extended artery will provide energy security within North America, they say. It would be the safest pipeline ever built and will take crude that Canada doesn’t have the capacity to refine to Texas refineries looking for it. And then there are the jobs the pipeline could spawn: thousands and thousands of them. In a time of economic downturn, it would be a bright light. Much opposition toward TransCanada’s Keystone XL project focuses on the routing of the proposed pipeline extension over the Ogallala aquifer and the Sandhills in Nebraska. The aquifer supplies water for drinking and agricultural irrigation … Read entire article »

Beginning of Story Content Prime Minister Stephen Harper, in a U.S. interview broadcast Sunday, said while he is worried about slowing economic growth, Canada remains a bright spot among industrialized nations.Prime Minister Stephen Harper said another global recession could come through a lack of confidence among world leaders to tackle the issues. Wall Street Journal Report “In terms of Canada’s role, we have continued and continue in forecasts to be outperforming the average, or the pack, in the industrial world, but we’re obviously concerned about projections of slowing growth,” he told CNBC’s The Wall Street Journal Report. When it comes to another global recession, he said, it can be prevented. “I remain convinced that if we as leaders make the right decisions, we can continue to keep the economy growing … Read entire article »

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