Slower growth, faster dollar leaves limited spending money: Goodale
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OTTAWA (CP) - Finance Minister Ralph Goodale will use the slower economy, stronger dollar and shrinking surpluses as ammunition Tuesday to shoot down any calls from cabinet colleagues for big spending. He won't paint an entirely gloomy fiscal picture when cabinet meets.
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The dollar recouped earlier losses against the yen on Thursday, but currencies shuttled in narrow ranges as investors awaited direction from U.S. growth data and comments from Federal Reserve chief Alan Greenspan.
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The economy could be headed for slower growth in the next several months, according to a report released Thursday by a private research group.
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The dollar was mixed on Monday as  dealers grew slightly apprehensive of two key U.S. economic  indicators due on Tuesday.
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WASHINGTON - The U.S. economy, struggling under the weight of a bloated trade deficit, grew at a relatively modest 2.8 percent annual rate in the second quarter, a slower pace of expansion than previously thought...
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The dollar was slightly weaker against the euro following retail sales data in the US, traders said.
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The World Bank said Sunday the impact of recent turbulence in financial markets on developing countries has been limited and global economic growth remains strong.
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China has been the financier keeping the U.S.  government well funded, but the rate of increase of its holdings of dollar-based securities seems to have slowed.
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The economy in many areas of the United States grew at a slower pace in late July and August as household spending softened, the Federal Reserve said in a report on Wednesday.
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A slowdown in US economic growth during the second quarter was not as sharp as previously thought, the Commerce Department reported today.
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The dollar stayed firm against other major currencies on Monday, helped by US jobs data, but traders said it lacked momentum to advance strongly.
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The steady decline of the U.S. dollar could set the stage for inflation and slowing global growth.
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The US dollar could be losing its lustre as the world's reserve currency, a report suggests.
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U.S. advertising spending is expected  to grow this year at an even slower rate than previously  forecast, as a sluggish economy has corporations scaling back  budgets and looking for less expensive marketing choices,  according to a new report.
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The decline of the US dollar is a signal that policy makers need to do more to ensure the currency&#39;s depreciation won&#39;t hurt global growth, International Monetary Fund chief economist Raghuram Rajan said.
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OTTAWA -- Finance Minister Ralph Goodale says he&#39;s looking at another round of tax cuts after revealing the federal government posted a $9.
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The dollar slipped against the yen in  thin trade on Tuesday, but its losses were limited as investors  waited on an address by the Federal Reserve chief that is  expected to point to further rises in U.S. interest rates.