IN DEPTH
Economy
The financial crisis
Watching the financial crisis go global
Last Updated: Thursday, October 30, 2008 | 1:36 PM ET
CBC News
Clouds threaten stormy weather above the skyline of London's financial district, seen behind Waterloo Bridge, during the evening rush hour on Oct. 16. (Toby Melville/Reuters) Hungary to get $25.1B US from IMF Oct. 29: Hungary is getting an aid package of up to $25.1 billion US to rescue its economy hit hard by the global financial crisis.
Privatization of Clearwater income fund sunk Oct. 28: The plan of Nova Scotia seafood giant Clearwater Fine Foods to buy back the publicly-traded units in its income fund has been undone by the global financial crisis and the failure of an Icelandic bank.
Iceland hikes interest rates 6 percentage points to boost currency Oct. 28: Iceland raised its trendsetting lending rate by six percentage points in a desperate attempt to attract foreign cash and boost its ailing currency.
The pluses and minuses of a low loonie Oct. 27: For many, a Canadian buck worth as much as an American buck is a source of national pride. Other economic players, however, might be cheering a sliding loonie.
The return of deficit spending? Oct. 27: If recession is the R word most Canadians do not like to hear, deficit is the D word that politicians absolutely abhor.
Finance Minister Jim Flaherty speaks at The Empire Club of Canada on Wednesday, Oct. 29, 2008 in Toronto. THE CANADIAN PRESS/Nathan Denette xx
Wage gains to slow in '09, new survey says Oct. 27: Canadian companies plan to give out smaller pay increases next year, according to a compensation survey released by the Conference Board of Canada.
Rally in yen threatens Japan with recession Oct. 24: Japan was dealt the biggest blow yet from the unfolding global financial crisis when the yen surged to a 13-year high against the U.S. dollar and spiked against other major currencies
Falling loonie a good thing, experts say Oct. 23: Experts say the plunging loonie could help Canada weather a global economic slowdown by making exports more competitive.
Bank of Canada sees sluggish growth until 2010 Oct. 23: Canada's economic performance is expected to be sluggish through the first quarter of next year, the country's central bank said.
Dutch government pumping $13.4B into banking giant ING Oct. 19: ING Groep NV, the Dutch bank and insurance giant, will receive $13.4-billion US capital injection from the Netherlands government.
Canadian consumer confidence retreats to 1982 level Oct. 17: Canadian consumer confidence this month fell to levels not seen since 1982, when the country was in recession, the Conference Board of Canada said.
U.S. new home construction tumbles in September Oct. 17: The U.S. Commerce Department reported that new construction fell by 6.3 per cent for the month — much worse than the drop of 1.6 per cent that had been projected by economists
Switzerland pumping money into its banking system Oct. 16: Switzerland followed the lead of other European countries and the United States by announcing it would support its banking system with billions of dollars
Belt-tightening ahead, Ontario finance minister says Oct. 16: Ontario Finance Minister Dwight Duncan said the government is going to have to tighten its belt because of the slowing economy and the financial crisis gripping the world.
Switzerland pumping money into its banking system Oct. 16: Switzerland followed the lead of other European countries and the United States by announcing it would support its banking system with billions of dollars.
Prime Minister Stephen Harper announced his plan to deal with the financial crisis on Oct. 15, the day after he was re-elected. (Jonathan Hayward/Canadian Press) Harper delivers 6-point plan for economy after election win Oct. 15: Prime Minister Stephen Harper announced plan to deal with the stormy financial waters threatening Canada's economy.
No quick fix for U.S. economy, top officials say Oct. 15: The U.S. economy won't bounce back quickly even if confidence in the financial system returns and jittery markets finally calm down: U.S. Federal Reserve chairman Ben Bernanke
Map: Global reach of the credit crisis Oct. 14: When Wall Street sneezes, other markets catch a cold. Here are some of the global ripple effects of the U.S. financial meltdown.
British PM announces $75B bank bailout package Oct. 13: The British government will inject nearly $75 billion into three of the country's largest banks to protect the institutions from collapse.
Duncan Stewart: Are the 'cures' making the financial system sicker? Oct. 10: To put it bluntly, today's global stock markets and financial systems are very sick. So sick they need medical attention.
Could the credit crunch kill green energy? Oct. 10: Worry is growing that the nascent industry could be choked off just as it is starting to take off.
Your Money: Financial Advice Oct. 9: Managing your investments in tough economic times
Iceland takes control of 3rd bank Oct. 9: Iceland's government has taken control of the country's largest bank as it struggles to prevent a collapse in its entire banking system.
Clearwater postpones buyback as Icelandic bank collapses Oct. 8: Bank failure forces Nova Scotia seafood giant Clearwater Fine Foods to delay a buyback of publicly traded units in its income fund.
