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India's big gold buy a hint of things to come

dparkinson@globeandmail.com India's massive purchase of 200 tonnes of gold from the International Monetary Fund, announced this week, served as a loud reminder of a couple of truths about gold. First, for all its other uses, it's essentially a currency. And second, it's a currency that lots of wealthy central banks are sorely lacking. Sat, Nov. 7, 2009


IT'S A BIG DAY FOR ...

The economic picture becomes a little clearer today when Statistics Canada releases the unemployment rate for October. The rate unexpectedly fell in September to 8.4 per cent from an 11-year high of 8.7 per cent in August. Fri, Nov. 6, 2009


Easy money trumps inflation fears at Fed

Walking an increasingly fine line between too much easy money and sustaining a fragile recovery, the U.S. Federal Reserve Board has opted to keep pumping record volumes of credit into the world's largest economy. Thu, Nov. 5, 2009


Big bank 'living wills' gain traction in G20

The economic and financial powers in the Group of 20 appear to be coalescing around forcing big financial institutions to draw up ''living wills,'' setting up a clash with the many bankers who say the plan would create troublesome paperwork and an impediment to their efforts to back economic growth. Thu, Nov. 5, 2009


The loonie, greenback and bonds

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