There is no quick test to determine when a sick economy crosses the line from slump to deep recession to even depression, but Canadians will know if it happens.
If the beaten-down stock market has got you seeking a haven for your cash, there's some good news.
Wall Street will look to build on the strongest weekly performance for stocks since 1932 on Monday, with investors focused on how recession-minded shoppers fared at the malls and a raft of government data that could give a clearer picture of the economy.
So far, it appears consumers still opened their wallets and might have met analysts' gloomy projections for the kickoff of the holiday shopping season. Preliminary reports show that sales got off to a decent start on Black Friday, the day after Thanksgiving, traditionally one of the biggest shopping days of the year.
Wall Street will look to build on the strongest weekly performance for stocks since 1932 on Monday, with investors focused on how recession-minded shoppers fared at the malls and a raft of government data that could give a clearer picture of the economy.
So far, it appears consumers still opened their wallets and might have met analysts' gloomy projections for the kickoff of the holiday shopping season. Preliminary reports show that sales got off to a decent start on Black Friday, the day after Thanksgiving, traditionally one of the biggest shopping days of the year.
Goldman Sachs Group Inc on Friday won a charter from New York State's banking department, a key step in the Wall Street bank's effort to change its investment banking model and gather deposits.
You admit it: You sold all your stock funds in your 401 . When danger reared its ugly head, you bravely turned your tail and fled.
You admit it: You sold all your stock funds in your 401 . When danger reared its ugly head, you bravely turned your tail and fled.
In a shortened trading sssion Friday the Dow Jones Industrials gained 102.43 points or 1.17% to close at 8,829.04. Financials led the way with Citigroup making the pace.
In a shortened trading sssion Friday the Dow Jones Industrials gained 102.43 points or 1.17% to close at 8,829.04. Financials led the way with Citigroup making the pace.
European stock markets closed higher Friday after the Dow Jones index of leading U.S. shares advanced for the fifth consecutive day in a shortened trading session. Asian markets were higher despite the terrorist attacks in Mumbai.
The FTSE 100 index of leading British shares closed up 61.91 points, or 1.5 percent, at 4,288.01, while Germany's DAX was 4.17 points, or 0.1 percent, higher at 4,669.44. The CAC-40 in France was up 12.29 points, or 0.4 percent, at 3,262.68.
Stock markets in Europe have fared much better than expected in November following October's crash. The FTSE has ended the month only 2.4 percent lower, while the DAX and the CAC have ended 6.4 percent and 6.8 percent down respectively _ marked improvements on the previous month.
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