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Maserati recalls 7,438 vehicles
OTTAWA, Oct. 23 (UPI) -- The Bank of Canada left its central lending rate at 1 percent Tuesday, where it has been for 25 months.
In its statement from Ottawa, the bank predicted the economy will grow by 2.2 percent in 2012, 2.3 percent in 2013 and 2.4 percent in 2014.
Its global view remained cautious for Europe and China, but somewhat optimistic for the United States.
"The economic expansion in the United States is progressing at a gradual pace," Bank of Canada Gov. Mark Carney wrote. "
"Europe is in recession and recent indicators point to a continued contraction.
"In China and other major emerging economies, growth has slowed somewhat more than expected, though there are signs of stabilization around current growth rates," the statement said.
The bank said exports are still being plagued by the persistent strength of the Canadian dollar and were expected to remain subdued until the first half of 2014.
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OSLO, Norway, May 24 (UPI) --
Norwegian oil and gas company DNO International said tests from a field in the Kurdish region of Iraq yielded an average flow rate of more than 100,000 bpd.
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LEIDEN, Netherlands, May 24 (UPI) --
With South Korea edging closer to deciding on a contractor for its $7.3 billion KF-X fighter program a European competitor is dangling a new carrot to its bid.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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